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Fold · 2024

Banking Partner Approval Process

Reduced approval timeline by 75% through process redesign

Every feature that touched payments required approval from our banking partner. The existing process took 4+ weeks: submit materials, wait, get questions, answer them, wait again. This killed velocity on the roadmap.


What I Built

I rebuilt the workflow from scratch:

  • Established a direct relationship with our banking partner contact (previously all communication went through account management layers)
  • Defined exactly what they needed for approval: annotated wireframes, user flow documentation, compliance justification
  • Created templates that anticipated their questions
  • Set up regular check-ins instead of async back-and-forth

The Impact

  • Reduced approval timeline by 75% (from 4+ weeks to days)
  • Established Product as direct point of contact with banking partner
  • Created repeatable process for future feature approvals
  • Unblocked multiple roadmap items that had been stuck in approval limbo

Skills

Partner management, process design, stakeholder communication, business operations