GoPractice spoke with Dmitry Vasin, the Product Owner of the Revolut Trading from 2018 to 2020. Revolut is a leader in digital banking. At the beginning of 2021, it was the largest digital bank in Europe with over 15 million users and ~$5.5 billion valuation. During this period, Dmitry helped develop and launch the product.
Dmitry told us about the specifics of creating and developing a product in a strictly regulated market:
- Why it is important to involve people with solid industry knowledge in product development
- Why and how to combine a conservative approach with the desire to innovate
- How regulation affects the work of a product manager.
In the conversation, Dmitry discussed the mistakes his team made at different levels—technical, legal, product—and the lessons he drew to avoid such mistakes in the future.
For the convenience of the reader, we present the material in Q&A format. We also divided the conversation into two chapters and a brief conclusion.
The first chapter gives a general idea of the trading product from Revolut: what is its value, how it was launched, what it achieved in the market. The second chapter discusses the details of working in a strictly regulated market. In the summary, Dmitry provides some recommendations and reflects on what he would have done differently if he were to start from scratch.
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