Create a complete PRD in less than 60 seconds! it's possible!
🙌 Today let’s create a complete Product Requirements Document (PRD) for Consumer Credit Lending Feature for Fintech App, with Problem Space, Solution, User Stories to help guide the team in the Discovery and Delivery phases.
The inputs:
The product: Consumer Credit Lending feature within the existing fintech app to enable users to seamlessly apply for and manage personal loans, thereby enhancing user engagement and driving business growth.
The problem: Current users of the fintech app lack access to personal loans, limiting the app’s ability to fully serve their financial needs. This gap reduces user engagement and potential revenue opportunities.
Customer and Business Impact: Limited Financial Services: Users are seeking comprehensive financial solutions within a single app. Revenue Opportunities: Offering loans can generate revenue through interest and service fees.
Evidence and Insights: User Feedback: Requests for personal loan services. Market Research: Increasing demand for integrated financial services apps.
Strategic Alignment: Expanding financial services will increase user engagement and retention. Supports the company’s objective to position itself as a comprehensive financial service provider.
Metrics:
High-Level Goals: Increase user engagement and retention by offering an additional financial service. Generate increased revenue through interest on loans and service fees.
Measurable Goals: User Engagement: Monitor app usage metrics post-loan feature launch. Revenue: Track loan application numbers, approval rates, and generated revenue.
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