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Agile Methodologies in Fintech Product Development
Subject area: Science,Engineering and Technology · Area of research: Fintech Product Development
DOI: https://doi.org/10.64388/IREV9I7-1713907
Abstract
The research is an empirical review of the use and effects of Agile methodologies in FinTech product creation and combines the findings of peer-reviewed articles published between 2015 and 2025. With further acceleration of the FinTech industry, where innovation and changing regulation dynamics drive instant speed and flexibility trends, Agile has become a factor enabling rapidity, agility, and user-friendly design. Based on the empirical evidence, the review will provide insight into implementing Agile frameworks, namely Scrum and SAFe, in FinTech companies, the advantages achieved, what has been challenging to implement in the environment, and what determines success or failure. The results show that Agile promotes faster product lifecycle, enhanced cross-functional cooperation, and enhanced response to the market and regulatory changes. Nevertheless, there are still issues, including compatibility with legacy systems, regulatory compliance, and resistance to Agile by the organisation. The literature gap in the review stretches to how few LTDs are presented and the low consideration of FinTech companies in emerging economies. There are two practical implications concerning the value of leadership support, situation-constrained adaptation of Agile practices, and developer-regulator cooperation. The article contribute to Agile's changing role in FinTech and emphasise the necessity to conduct more inclusive and long-term empirical research.
Keywords
Agile Methodologies, Fintech, Product Development, Scrum, Safe, Regulatory Compliance, Innovation, Cross-Functional Teams, Emerging Markets.
References
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[4] Gomber, P., Koch, J.-A., & Siering, M. (2018). Digital finance and FinTech: Current research and future research directions. Journal of Business Economics, 87(5), 537–580.
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How to cite this paper
@article{1713907,
author = {Obikpo Unoma Agaezi},
title = {Agile Methodologies in Fintech Product Development},
journal = {Iconic Research And Engineering Journals},
year = {2026},
volume = {9},
number = {7},
pages = {2464-2470},
issn = {2456-8880},
url = {https://www.irejournals.com/formatedpaper/1713907.pdf},
abstract = {The research is an empirical review of the use and effects of Agile methodologies in FinTech product creation and combines the findings of peer-reviewed articles published between 2015 and 2025. With further acceleration of the FinTech industry, where innovation and changing regulation dynamics drive instant speed and flexibility trends, Agile has become a factor enabling rapidity, agility, and user-friendly design. Based on the empirical evidence, the review will provide insight into implementing Agile frameworks, namely Scrum and SAFe, in FinTech companies, the advantages achieved, what has been challenging to implement in the environment, and what determines success or failure. The results show that Agile promotes faster product lifecycle, enhanced cross-functional cooperation, and enhanced response to the market and regulatory changes. Nevertheless, there are still issues, including compatibility with legacy systems, regulatory compliance, and resistance to Agile by the organisation. The literature gap in the review stretches to how few LTDs are presented and the low consideration of FinTech companies in emerging economies. There are two practical implications concerning the value of leadership support, situation-constrained adaptation of Agile practices, and developer-regulator cooperation. The article contribute to Agile's changing role in FinTech and emphasise the necessity to conduct more inclusive and long-term empirical research.},
keywords = {Agile Methodologies, Fintech, Product Development, Scrum, Safe, Regulatory Compliance, Innovation, Cross-Functional Teams, Emerging Markets.},
month = {January},
doi = {https://doi.org/10.64388/IREV9I7-1713907}
}