Product Development Internship
Company:
Solvent
Location:
Washington D.C., DC, USA
Job Posted:
7 days ago

Product Development Internship

About Solvent

Solvent provides a safe payment option to consumers and a risk platform for banks that combats money-laundering, fraud and identity theft before it happens. We build integrated technologies that stand between traditional banking, merchants and customers that grant transparency to transactions to reduce the risk of money laundering, fraud, and identity theft.

We validate each transaction, it’s purchaser and acquirer before completing a purchase either using a credit card or virtual payment. We do this through anonymous background checks, geo-fencing, and purchase patterns to eliminate the risk to banks while protecting consumer privacy and security.

Traditionally, fraud detection happens after a transaction resolves either by the customer or by a compliance officer at a bank. Roughly 190 billion dollars in financial fraud is lost every year and competition is growing to improve risk measuring and analysis within the bank. The Solvent value proposition is that we perform risk detection at the transaction level before it reaches financial services. This removes all liability for financial institutions in fraudulent transactions and provides banks with data points that allow them to mitigate risk better than their current architecture.

Internship Opportunity

We are looking for a product management intern who is a self-starter that wants to kickstart her/his career in product management and help us implement our new, industry-changing technology. This is a rare role as it combines the tech side of Product Manager role with the business side, giving you exposure into the inner workings across all teams at a financial technology startup in Maryland.

Internship Responsibilities

-Assist in the supervision and management of the product lifecycle
-Support the engineering teams with documentation, testing, and anything else they need to go full speed with development.
-Assist in adding to and managing our product team's documentation system, adding to it as new features are conceived or modified during planning.
-Collaborate with other internal teams to assist in anything they need to keep product development and the company as a whole moving forward.
-Some local travel may be needed to assist in interviewing and new client onboarding.

financial technology, product development, fraud detection