Discovery Phase
Define the product-market fit and accelerate product launch time and budget with Kindgeek's expert discovery approach. It has been proven: mitigating risks in the early stages of development pays off in the long haul.
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Looking to launch a new business vertical or product or want to iterate your custom fintech solution?
The Discovery Phase is the first step before the first line of code is written.It helps you to find the most efficient and cost-effective solution to your business needs and to come up with the full system design architecture, interfaces, and data to meet specific requirements.
Here’s what it’s about:
Reduce uncertainty
Analyze your ideas and vision beforehand and get confident regarding scope, timelines, team composition, and functionality to a level enough to begin implementation.
Optimise development timeline
Start seamlessly, move confidently, and optimize the implementation scope and roadmap matched to the budget.
Do competitors benchmarking
Identify opportunities for differentiation, understand market trends, refine your product strategy and perform end-user needs assessment.
Select tools & technologies
Ensure to launch with the right technology and tools, and maximize the potential of getting off to a flying start.
Assess 3-party solutions
Choose the most suitable third-party solutions to align with your requirements, saving time and resources in development.
Accomplish gap analysis
Identify and assess gaps between the current state of a product or project and its target state.
Stay in line with compliance and regulations
We’ve worked with fintech & financial enterprises from all over the world – diving deep into legacy systems and regulatory compliance doesn't challenge us.
Optimise development budget
It's an upfront investment that will lead to significant savings by mitigating scope creep risks in the early stages of development.
Build trust with your IT vendor
By regularly communicating and engaging in in-depth discussions with the team, you can ease your mind and establish a two-way trust for further development.
Who is a discovery phase for?
For those who look to form and validate product vision.
For those pursuing guidance on creating a seamless user experience.
For those who need to elaborate NFR in detail.
For those needing advice on selecting third-party partners for their fintech product
For those wanting to set up a development plan with clear requirements and development tasks.
For those looking to reduce financial loss by covering the current user flows.
We offer
Our product discovery & design foundation approach
Discovery Phase flow
Problem identification
End-user needs assessment
Market analysis
Ideation and concept generation
Feasibility assessment
Prototyping
Validation
Discovery phase tiger team composition
Role | Resposibility |
---|---|
Product owner | Business advocate |
Project manager | Process advocate |
Business analyst | Product advocate |
UX | User advocate |
Architect | Technology advocate |