Budgeting for the product development process of a digital banking offering is a thorny issue for many teams. The increased time needed to roll out a feature, the lengthy research process and the lack of a concrete business case that maps out next steps can skyrocket budget consumption. And this could mean that a project could be cancelled or that others will be put on indefinite hold.
This, however, does not have to be the only way forward.
Spend less money purchasing rigid, limited to a part of the market reports that are too expensive and quickly become outdated. With
With comprehensive reports completely tailored to your market you will always be in the know for new features and trends in the market. Perform gap analysis in a few clicks, discover the features missing and desperately requested in your market and introduce them first.
Extensive go-to-market time is the number one factor that skyrockets your budgetary needs for your digital banking product development. Clearly and effectively create a road map for your new product development in half the time by seeing how others have achieved what you are trying to build through walkthrough videos of how they offer it. No more budget overspend trying to reinvent the wheel for every single new feature.
Head behind the login screens of banks and fintechs worldwide and understand what features customers respond to best and why. Know their friction points and plan your product development accordingly, eliminating the number of re-designs required before the launch.
Don’t shy away from innovation because it costs too much. Use
Go to business meetings prepared with a fully formulated innovative plan and a solid business case that will get you that longed for green light to proceed. Release these features that truly make customers fall in love with your digital banking offerings.
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