Revolut Insider Ep. 23 Credit Revolution: breaking through industry standards to simplify credit
Oct 10, 2024
Marc Saade, Head of Product for Credit at Revolut, shares his journey in the fintech world where he simplifies complex credit products. He discusses the strategic development of credit features, such as loans and credit cards, and the importance of understanding customer needs and local regulations. Marc highlights the challenges faced in scaling these offerings globally while emphasizing a customer-centric approach. He also offers valuable advice for aspiring product developers and reveals what's next for Revolut's credit innovations.
AI Snips
Chapters
Transcript
Episode notes
Credit Product Origins at Revolut
- Revolut started its credit products with loans and credit cards in Lithuania, leveraging its European banking license.
- This approach allowed for expansion across Europe and Australia, with further markets being considered.
Revolutionizing Credit Products
- Revolut's approach to credit product development involved analyzing competitors and identifying areas for simplification and improvement.
- This included streamlining the application process, speeding up fund disbursement, and simplifying loan management.
Navigating Global Credit Regulations
- Credit is a regulated industry with local variations, posing a challenge for global scaling.
- Revolut addresses this by combining a core global product team with local professionals who understand local regulations.