Fintech Product Management is a double edge knife and needs to be carefully handled with due attention and detail stated Bahaa Abdul Hussein. He goes ahead with his explanation as below. Read on!
A renowned personality in the finance industry has taught me a life lesson by teaching me how to say no. When I dig deeper into the industry I came across that product management is a lot more than solving an everyday problem. This rule is applicable in FinTech and specifically in B2B FinTech since the product of the company is shared with many shareholders.
The life of product managers is not bound by specific duties. They need to work with Sales, Customer Success, and Treasury Ops—as well as their engineering teams and customers to understand their needs, pain points, with further procedures. Additionally, a B2B Finance company requires product managers to understand how their product benefits their customers, which raises the bar for the complexity of the job.
Sometimes ‘Yes’ is not a good option:
What is the meaning of ‘no’ coming from the product manager’s end? By saying ‘no’ product managers are not limiting themselves to people’s needs. Once the product team starts saying ‘no’, then it would be easier to teach juniors the same method. When the product is built according to your belief, then you will be well aware of the product.
Whether you should follow product roadmap or not?
Let’s find out, usually the ‘no’ is used sometimes to simply leave the path of the existing difficulty in the product. Instead of doing what is expected from you, the product manager should lead and do what is right. Short-time appreciation is not going to do anything great instead it will only add to the problem in long term. If they learn to say yes then, they will tend to focus primarily on the problems only.
How a simple ‘No’ can change things:
Incredible items that enchant clients and take care of colossal issues aren’t worked with haughtiness, negativity, and quietness. It can work with sympathy, confidence, interest, and unending, interminable correspondence: esteems that should be the actual path of FinTech.
No is what you hear when you inquire as to whether your high road bank can assist you with your solicitations despite the energy cost emergency. Indeed you’ll hear on the off chance that you go to an answer like Playter, who will allow you to spread the expense of your solicitations more than a half year.
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