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Product Management Metrics Question: Measuring success of TMRW's core digital banking feature

Asked at TMRW

15 mins

how would you measure the success of tmrw's tmrw core feature?

Product Success Metrics Medium Member-only
Metrics Definition Data Analysis Strategic Thinking FinTech Digital Banking Financial Services
User Engagement Analytics Product Metrics FinTech Digital Banking

Introduction

Measuring the success of tmrw's core feature is crucial for understanding its impact and guiding future development. To approach this product success metrics problem effectively, I'll follow a structured framework that covers core metrics, supporting indicators, and risk factors while considering all key stakeholders.

Framework Overview

I'll follow a simple success metrics framework covering product context, success metrics hierarchy.

Step 1

Product Context

tmrw's core feature is likely a digital banking solution aimed at simplifying financial management for millennials and Gen Z. It probably offers a user-friendly mobile app interface with features like instant account opening, personalized financial insights, and seamless money transfers.

Key stakeholders include:

  1. Users (young adults seeking modern banking solutions)
  2. tmrw's product team and leadership
  3. Regulatory bodies overseeing financial services
  4. Potential partners for integrations (e.g., fintech startups, merchants)

The user flow might involve:

  1. Account creation and KYC verification
  2. Linking existing bank accounts or funding the tmrw account
  3. Exploring personalized financial insights and recommendations
  4. Executing financial transactions (transfers, bill payments, etc.)
  5. Engaging with additional features like savings goals or investment options

This core feature aligns with tmrw's broader strategy of capturing the digital-native banking market and competing with traditional banks by offering a more intuitive, tech-forward experience.

Compared to competitors like Chime or Monzo, tmrw likely differentiates itself through localized features, AI-driven personalization, or unique partnerships.

In terms of product lifecycle, tmrw's core feature is probably in the growth stage, focusing on user acquisition and engagement while continuously iterating based on user feedback.

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