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Navigating Agile: Revolutionizing Banking in Honduras

Author : International Journal of Science and Management Studies (IJSMS) © 2024 by IJSMS Journal Volume-7 Issue-1 Year of Publication : 2024 Authors : Dr Rachel John Robinson, Fredy Montoya DOI: 10.51386/25815 Journa Name: International Journal of Science and Management Studies (IJSMS) Country : India Volume: 7 issue: 1 Year: 2024 Views : 79
Abstract:
Abstract: Due to a variety of factors occurring simultaneously in Honduras, the financial sector is undergoing a profound change in every section of the company, including the ones where they are lacking of technology appliance, forcing organizations to adapt to new working methods. In this thesis, the Honduran financial sector attempts to identify the main challenges and benefits it faces when it applies agile methodologies to digital transformation, its barriers, as well as lessons learned. A survey of the Honduran financial sector confirmed three hypotheses, namely a lack of agility knowledge and focus on process and methods beyond model thinking prevent successful agile project management. Additionally, it was identified that through the leaders, it is possible to obtain cultural change within organizations, thereby making the implementation of agile methodologies easier. The study will assist financial organizations in understanding the obstacles that hinder agility implementation. They will also be able to identify the most important aspects to consider, to achieve a management mindset focused on adding value and meeting customer needs, in a complex, and changing environment.
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