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Fintech Product Management : Become a Fintech PM

Last updated on May 25, 2024 11:01 am
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Description

What you’ll learn

  • The foundational principles of product management applied to the fintech industry.
  • An in-depth understanding of the global financial ecosystem and how fintech is reshaping it.
  • Key insights into the structure and operations of banks and how fintech interfaces with traditional banking.
  • The basics and complexities of payment systems and infrastructures across different countries.
  • Regulatory requirements, banking licenses, and compliance across major markets like India, the UK, and the USA.
  • Strategies for ensuring customer security and safety, including KYB (Know Your Business) and AML (Anti-Money Laundering) practices.
  • Techniques for fraud prevention, handling disputes, and managing chargebacks.
  • Insights into various types of fintech apps, including lending platforms, neobanks, and InsurTech solutions.
  • An exploration of advanced payment technologies such as NFC, decentralized finance (DeFi), and banking as a service (BaaS).
  • Understanding the evolution of the internet from Web 1.0 to Web 3.0 and its impact on fintech.
  • Crafting compelling product visions and strategy stacks specifically for fintech applications.
  • Developing user personas and empathy maps tailored to fintech product users.
  • Creating user journey maps and identifying jobs-to-be-done to enhance user experience.
  • Techniques for estimating market size and understanding your product’s market fit.
  • Setting actionable product goals using OKRs (Objectives and Key Results) specifically for fintech products.
  • Identifying and developing product differentiators in the competitive fintech landscape.
  • Defining success metrics and applying the AARRR (Acquisition, Activation, Retention, Referral, Revenue) framework to fintech products.
  • The process of breaking down features and summarizing product strategy for fintech applications.
  • Developing and managing a product roadmap and agile planning for fintech products.
  • Writing effective Product Requirement Documents (PRDs) for clear communication and project alignment.

Whether you’re dreaming of becoming a product manager, already working in fintech, or just curious about managing techy finance products, this course is your perfect match. We’ve packed it with all the juicy details you need to know about finance, tech, and how to manage fintech products like a pro. Get ready to learn a ton and tackle the fintech world with confidence!

What You’ll Learn:

  1. Foundations of Product Management: Understand the core principles of product management, including the roles, responsibilities, and daily activities of a product manager within fintech companies like GRAB and Stripe.

  2. Introduction to Fintech: Gain a solid understanding of the financial technology sector, including banking operations, payment systems, and money instruments.

  3. Global Payment Infrastructure: Explore the payment infrastructures across different countries, including open banking in the UK, UPI in India, and card networks in the USA.

  4. License, Safety, and Security: Learn about payment processors, gateways, banking licenses, compliance, customer security, fraud prevention, and the intricacies of cross-border payments.

  5. Fintech Application Spectrum: Discover the various types of fintech apps, from lending and borrowing platforms to neobanks and investment platforms, and understand their business models.

  6. Advanced Payment Technologies: Delve into NFC, decentralized finance (DeFi), e-money, e-wallets, and Banking as a Service (BaaS), including the evolution from Web 1.0 to Web 3.0.

  7. Product Strategy for Fintech: Develop a compelling product strategy for fintech apps, including product vision, differentiation, and goal setting using the OKR framework.

  8. Product Roadmap and Agile Planning: Master the skills of creating agile product roadmaps, managing product backlogs, and executing sprint planning using tools like JIRA.

  9. Product Analytics: Leverage product analytics for strategic decision-making, learning to use tools like Mixpanel and Google Analytics to understand user behavior and measure product value.

  10. Technical Skills for Product Managers: Acquire essential technical skills, including an introduction to internet workings, APIs, webpage components, and building web apps.

Course Structure:

Section 1: Introduction to Product Management

  • Course Outline

  • What is a Product?

  • Who is a Product Manager?

  • Product Team at GRAB and Stripe

  • What is Product Management?

  • Unveiling What PMs Actually Do

  • Let’s Solve a Problem

  • Product Team Dynamics

  • Product Development Process

  • Let’s Pick a Product

  • Introduction to Course Workbook

  • Assignment 1: Download and solve the workbook to solidify your understanding.

Section 2: Entering the Fintech Universe

Explore the essentials of finance and technology, unravel the workings of banks, and payment systems, and dive into the world of fintech innovations.

  • Module Outline

  • What is a Bank and How Does it Work?

  • Basics of Payment Systems

  • Types of Money Instruments

  • Assignment 2: Engage with an exercise to understand money instruments in depth.

Section 3: Global Payment Infrastructure

Gain a global perspective on payment infrastructure, understanding the key systems in place across different countries.

  • Payment Infrastructure Across Countries

  • Open Banking Infrastructure in UK

  • UPI Infrastructure in India

  • Cards Network in the USA

  • Assignment 3: Analyze the payment infrastructures of different countries.

Section 4: Security and Compliance in Fintech

Learn about the critical aspects of licensing, security, and compliance in the fintech sector, including customer safety and fraud prevention.

  • Introduction to Payment Processor and Payment Gateway

  • Banking License and Compliance

  • Customer Security & Safety

  • Fraud Prevention and Detection

  • Disputes and Chargebacks

  • Payment Instruments and Types of Cards

  • Cross-Border Payment System Using SWIFT

  • Direct Debit for Recurring Payments

  • ACH (Automated Clearing House)

  • Assignment 4: Dive into a case study on fraud prevention.

Section 5: Exploring Fintech Applications

Discover the various types of fintech applications, from lending platforms to insuretech, and learn how these innovations are reshaping finance.

  • Intro to Fintech Apps

  • Lending and Borrowing Platforms

  • Embedded Finance

  • Introduction to Payment Gateway

  • Insurance Tech (InsureTech) Platform

  • Investment Platform

  • How Neobanks Make Money

  • Assignment 5: Conceptualize your fintech application.

Section 6: Advanced Payment Technologies

Stay ahead with insights into advanced payment technologies and the future of finance with decentralized finance, e-money, and more.

  • Advanced Payment Technology (NFC)

  • Decentralized Finance (DeFi)

  • E-money and E-wallets

  • Banking as a Service (BaaS)

  • Web 1.0, Web 2.0, Web 3.0

  • Assignment 6: Explore a DeFi project.

Section 7: Crafting Your Fintech Product Strategy

Develop a comprehensive product strategy for fintech applications, from outlining problems to defining success metrics.

  • Pick Your Product for Course Workbook

  • Introduction to Product Strategy

  • Product Strategy Stack for Fintech App

  • Product Vision and Vision Statement

  • Product Vision Board

  • User Persona and Empathy Map

  • User Journey Map

  • Jobs-to-be-Done

  • Market Size Estimation

  • OKRs for Fintech App

  • Product Differentiators and Success Metrics

  • Feature Breakdown List

  • Summarizing Product Strategy

  • Assignment 7: Develop a product strategy for your fintech application.

Section 8: Product Roadmap and Planning

Navigate through creating agile roadmaps, understand scrum methodologies, and get hands-on with planning and managing product releases.

  • Go Product Roadmap

  • Build Your Agile Roadmap

  • Brainstorming Sessions

  • Product Requirement Document (PRD)

  • Assignment 8: Create an agile roadmap for a fintech product.

Section 9: Leveraging Analytics for Fintech Products

Unlock the power of product analytics for fintech, learning to use data to make informed decisions and measure product success.

  • Introduction to Product Analytics

  • User Behavior Tracking

  • Marketing Analytics vs. Product Analytics

  • Mixpanel for Fintech

  • Measuring Product Value

  • User Cohorts and Value Moments

  • North Star Metric

  • Google Analytics and Mixpanel Insights

  • Assignment 9: Analyze a fintech product using Mixpanel.

Section 10: Mastering Excel for Product Management

Enhance your analytical skills with Microsoft Excel, masteringpivot tables, vlookup, and chart creation to present and analyze product data effectively.

  • Introduction to Microsoft Excel

  • Pivot Tables in Excel

  • Vlookup in Excel

  • Chart Mastery for Product Data

  • Assignment 10: Craft a data analysis report using Excel.

Section 11: Technology Insights for Product Managers

Demystify the tech behind fintech products. Understand internet fundamentals, web development, and how APIs fuel fintech innovations.

  • How the Internet Works

  • DNS and ISPs Explained

  • Client-Server Model

  • Understanding Internet Protocols

  • Webpage Components

  • Dive into HTML, CSS, and JavaScript

  • Introduction to Figma and UI Design

  • Building a Weather App with Web Technologies

  • APIs and Postman for Beginners

  • Assignment 11: Build your fintech web app prototype.

Who This Course Is For

This course is designed for individuals at various stages of their careers who are looking to specialize in fintech product management, including:

  • Aspiring product managers seeking to enter the fintech industry.

  • Existing product managers in the fintech space looking to deepen their expertise.

  • Software developers, business analysts, UX/UI designers, and other professionals transitioning to fintech product management roles.

  • Fintech entrepreneurs and startup founders aiming to build competitive and innovative products.

  • Anyone with a keen interest in financial technology, product strategy, and agile methodologies.

Enroll Now

By the end of this course, you will have a comprehensive understanding of the fintech industry, from payment systems to regulatory environments, and the skills to develop and manage innovative fintech products. Whether you’re looking to advance your career in fintech product management or launch your own fintech startup, this course will provide you with the knowledge, tools, and confidence to succeed. Enroll now and take the first step towards becoming a fintech product management expert.

Who this course is for:

  • Aspiring product managers looking to specialize in the fintech industry.
  • Experienced product managers seeking to transition into the fintech sector.
  • Entrepreneurs and startup founders aiming to launch or scale fintech solutions.
  • Financial professionals interested in the technological transformation of the finance sector.
  • Software developers and engineers wanting to understand the fintech ecosystem for better product development.

Course content

  • Introduction to Product Management12 lectures • 1hr 29min
  • Introduction to Product Management
  • Introduction to Finance and Technology (Fintech )4 lectures • 46min
  • Introduction to Finance and Technology (Fintech )
  • Payment Infrastructure in the World4 lectures • 48min
  • Payment Infrastructure in the World
  • License, Safety and Security9 lectures • 1hr 12min
  • License, Safety and Security
  • Various types of Fintech Apps7 lectures • 25min
  • Various types of Fintech Apps
  • Advance Payment Technology5 lectures • 26min
  • Advance Payment Technology
  • Product Strategy37 lectures • 3hr 45min
  • Product Strategy
  • Product Roadmap and Planning4 lectures • 33min
  • Product Roadmap and Planning
  • Product Planning and Release Management7 lectures • 1hr 14min
  • Product Planning and Release Management
  • Product Analytics for Decision Making18 lectures • 2hr 16min
  • Product Analytics for Decision Making

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