The landscape becomes more interesting for someone in product R&D when you look at the problems behind each domain.
| Domain | Important subdomains (financial products) | Examples of technology problems (business capabilities) |
|---|---|---|
| Banking | Retail, business, corporate, digital and core banking | Account management, customer onboarding, loan origination, modernizing legacy systems |
| Payments | Card issuing, acquiring, payment gateways, cross-border transfers | Transaction processing, payment orchestration, reconciliation, fraud |
| Lending and credit | Mortgages, consumer loans, SME lending, credit scoring | Credit decisions, underwriting workflows, loan servicing |
| Insurance | Policy administration, underwriting, claims, reinsurance | Claims automation, risk modeling, policy platforms |
| Wealth and asset management | Investing, portfolios, advisory, fund administration | Portfolio analytics, robo-advice, investment data |
| Capital markets | Trading, exchanges, securities, post-trade | Real-time data, order management, clearing, settlement |
| Financial infrastructure | Core systems, banking-as-a-service, data connectivity | APIs, interoperability, scalable transaction platforms |
| Risk, compliance and security | KYC, AML, fraud, regulatory reporting | Identity verification, monitoring, detection, auditability |
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