IT Department / Developers
Product managers are responsible for understanding market trends, customer preferences, and competitive landscape to identify new product opportunities and enhance existing offerings.
- Setting the product strategy
- Defining the product vision
- Delivering a successful product
- Legacy technology
- Organizational silos
- Skills gaps/lack of resources
Open Source Engagement
Integrating open source solutions can accelerate product development and provide access to a wide range of cutting-edge tools and technologies, allowing the product manager to respond more effectively to market changes, competition, and evolving customer needs.
Product managers can encourage their teams to contribute to open source projects, fostering a culture of collaboration and continuous learning, and showcasing the bank's commitment to innovation within the financial industry.