TD Bank’s technology leaders have shifted the bank’s delivery and execution strategy over the past several months to improve time to market.
The bank’s technology organization, business heads and channel heads recently started to allocate four to six hours per month to meet and “really work on delivery, execution and the strategy,” Todd Purcell, head of digital strategy, planning and partnerships, said Nov. 18 at Banking Transformation Summit 2024 in Charlotte, N.C.
“Historically, we’ve been very siloed across the organization,” he said. The time dedicated to execution plans allows the bank to “stare down the roadmap.”
Carving out four to six hours per month eliminates:
- Bureaucracy by bringing more voices to the table;
- Individual conversations; and
- Individual agendas.
While the bank is in the early days of its new meeting cadence, “I think that’s going to ultimately increase the velocity” of getting products to market, Purcell said.
Innovations the bank has invested in this year include:
- Experimentation with virtual reality for training;
- Exploring generative AI applications; and
- Opportunities for Tap to Pay.
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