Akrim Overcoming Fintech Challenges in Dubai
Problem Statement of the Case Study
Despite the presence of advanced technologies in the Dubai financial market, there were many challenges to overcome in 2018, including a significant hike in licensing requirements for crypto exchanges and regulation issues surrounding initial coin offerings (ICOs). However, Akrim Technologies, a Dubai-based crypto fintech firm, stepped forward to deliver a reliable service for cryptocurrency investors and traders. To overcome the licensing requirement, Akrim created an online platform for licensed and authorized institutions to obtain necessary
Marketing Plan
In recent times, FinTech (financial technology) has gained immense popularity across the globe. It’s a category that includes electronic solutions for various financial activities. The concept of fintech is a way to enhance the delivery of financial services to the customers in a hassle-free and convenient manner. In Dubai, fintech is no exception. In fact, fintech companies are constantly emerging and evolving in Dubai. One such company is Akrim, which has successfully overcome numerous fintech challenges in the city. The company has
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In Dubai, financial technology (fintech) has been rapidly advancing due to various factors, including the country’s low taxes, investment-friendly environment, robust infrastructure, stable economy, and extensive global networks. The city has become a hub for innovation in fintech, which is expected to continue to flourish as it adopts new technologies, such as blockchain, big data analytics, and artificial intelligence (AI). However, several challenges, including regulatory barriers, lack of skilled personnel, and security concerns, have hinder
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Title: Overcoming Fintech Challenges in Dubai Akrim is a top company in the fintech space, offering a variety of financial services across several sectors. Discover More Here However, they face challenges from new technologies such as FinTech, which disrupt traditional financial practices and business models. In this case study, I describe Akrim’s approach to overcoming these challenges, from identifying and addressing potential obstacles to creating a culture of innovation. As a global leader in the fintech industry, Akrim faced
Porters Five Forces Analysis
Dubai, the Emirate of the United Arab Emirates (UAE) is a world-class city that has set a new standard for itself in terms of finance and innovation. It is one of the most well-developed financial centers globally. Dubai is the most significant gateway between Europe and Asia. The fintech industry in Dubai is at the forefront of innovation. Dubai’s financial services and financial technologies industry have been gaining traction and the government is also keen on encouraging fintech companies. The
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Akrim is a successful Dubai based tech startup. They provide innovative digital payment solutions to their customers. I joined Akrim as the Marketing Manager, when the business started in 2017. I’ve witnessed first-hand how their innovative payment solutions have disrupted the traditional payment methods. Akrim’s goal is to revolutionize payment methods in the UAE by using Blockchain technology. Blockchain offers a secure and transparent way to manage and store all types of transactions. One of the most significant obstacles