## FinTech Interview Question: Why Are You Interested in FinTech?

This blog post will guide aspiring product managers on how to navigate through FAANG product interview questions, with a specific focus on understanding the significance of the FinTech sector. We will delve into a question that connects personal interests with industry insights: “Why are you interested in FinTech?” This question assesses your awareness and enthusiasm for this transformative field.

Detailed Guide on Framework Application

A. Choosing an Appropriate Framework

The ‘Why-How-What’ framework adapted from Simon Sinek’s ‘Golden Circle’ is a powerful tool for articulating the reasoning behind one’s interest in a field like FinTech.

B. Step-by-Step Framework Guide

Using the ‘Why-How-What’ structure, your response would look something like this:

• Why: Start with the cause – why FinTech matters to you. Perhaps it’s about democratizing finance or the thrill of contributing to cutting-edge technology.
• How: Explain the methods or pathways that showcase your commitment to FinTech. This might include professional experience, relevant projects, or ongoing learning.
• What: Conclude with what you aim to achieve within the FinTech space. Perhaps it’s innovating in mobile payments or enhancing data security.

C. Hypothetical Examples and Resolving the Interview Question

An example might be expressing a strong belief in financial inclusion as the ‘Why.’ For the ‘How,’ you could highlight your background in developing a peer-to-peer payment app for underserved communities. The ‘What’ could be your goal to simplify and secure transactions for millions of global users.

D. Fact Checks and Approximations

It’s essential to ground your interest in FinTech with current industry trends and data points. While you may not know each statistic, referencing the substantial growth in mobile banking adoption or the rise of blockchain technology can validate your statements.

E. Effective Communication Tips

Your passion for FinTech should come through clearly, supported by evidence of your experiences and knowledge of industry challenges and innovations. Be concise and articulate the potential impact of your work in the sector. Use personal stories where appropriate to give depth to your answer.

Conclusion

The interest in FinTech is a blend of personal values, professional experiences, and a vision for the future. By employing the ‘Why-How-What’ framework, aspiring product managers can provide insightful and structured responses that showcase their enthusiasm and capability in the field. Practice laying out your FinTech narrative to effectively communicate your fit for building financial solutions in a product management role during interviews at top tech firms.