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  • Akrim Overcoming Fintech Challenges in Dubai

    Akrim Overcoming Fintech Challenges in Dubai

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    Akrim is one of the leading banks in Dubai, providing the most diverse range of banking services to customers. The company is a front-runner in the fintech segment, and the bank is aiming to expand its services globally. But before starting our project, we had to understand the challenges faced by the bank and the technologies available to overcome them. We analyzed the current situation and compared Akrim’s financial strategy, technology, and challenges faced, and then conducted a thorough case study research to understand their approach and how the technology has impacted their

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    Akrim’s main challenge with fintech was building trust among its customers by providing real-time, personalized services. This became more challenging when banks launched digital banks with fewer physical branches and fewer people in front of customers. We started with digital channels to expand our footprint in the UAE. We launched a bank account that was 100% digital, offering a more convenient and convenient way for customers to manage their finances. helpful site This helped us capture an increasing number of customers who were already spending a lot of time online. description The online channels

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    FinTech has revolutionized the banking industry in many ways. Financial technology companies are becoming popular as they offer customized and efficient solutions. According to a study published by Accenture, 85% of UAE’s banking sector is currently engaged in some form of digital transformation. Dubai International Financial Centre (DIFC) is among the top three in FinTech adoption globally. It’s not difficult to understand why the DIFC has come up as one of the best FinTech centres in the world.

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    Akrim, a Fintech startup in Dubai, provides an innovative payment solution that combines traditional offline payment methods with e-commerce transactions. They started with a simple and innovative way of accepting traditional payment methods through QR codes at their physical stores, such as 3D Secure, and expanded to a wider variety of payment methods to suit their users’ preferences and reach a larger customer base. Akrim has been facing several challenges while integrating different payment methods such as the QR code scanning system, which requires mobile devices with N

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    In Dubai, Fintech is exploding, and with all the potential that it brings, there is the risk of missing the opportunities. As Akrim, a leading provider of cross-border payments solutions, we have seen firsthand how innovation has revolutionized finance, both locally and internationally. In a few short years, UAE has become the global center for Fintech innovation. In 2019, Dubai has been the first country to approve virtual currency laws for digital asset trading. The digital currency market is expected

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    In recent years, financial technology, or fintech, has made significant progress, especially in Dubai. In the UAE, the fintech ecosystem has grown considerably, with several ventures making significant impacts on traditional financial institutions. The fintech industry has created opportunities for both traditional banks and fintech startups, with many firms developing advanced products and solutions that support financial inclusion. One such company is Akrim, which operates a digital platform aimed at enhancing consumer financial wellbeing. Akrim was established in 201

  • James Burke A Career in American Business

    James Burke A Career in American Business

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    In 1962, James Burke became the founder, President, and Chief Executive Officer of Burke and Associates, an insurance brokerage firm in Boston. He had received his degree from Brown University in 1956, and was later hired as a sales representative for American National Insurance Company. He had worked with the company in different capacities for five years and had managed the company’s insurance operations in the Midwest, primarily for commercial clients. Burke left the American National Insurance Company in 19

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    “The Porters’ Five Forces Model” is a powerful framework that helps management to understand the competitive dynamics of a business’s supply chain. In particular, the framework helps management to identify and analyze the forces that impact business profitability (“P”), market power (“M”), rivalry (“R”), and threat of substitute (“S”) in a particular industry. Burke, the CEO and founder of ICG (International Construction Group) a UK-based engineering and construction firm, had been using the framework since he

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    “My experience with James Burke as my instructor taught me the importance of following the “s,” yet always striving to do something better and different than anyone else. I learned from him that sometimes an idea or approach is worthless just because it has never been tried before. However, he also taught me the power of using my experience to understand my environment and create value for others. I admired his dedication to his work and his ability to see the potential for change even when faced with seemingly insurmountable obstacles. I have applied these principles in my own

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    “I always knew I wanted to be an American, and after my father’s career in business, I knew I would follow in his footsteps. I applied for a position as a management trainee with IBM, which turned out to be an exceptional career move. The management trainee program is an excellent place to start, and from the day I started, I knew I was going to stay. This job not only gave me a solid education in business, but also introduced me to the “American way” of business. I was exposed to American management principles and values that

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    James Burke was an experienced case writer at American Business. straight from the source In his early years, he had a long list of clients, from small firms to well-known companies, from diverse industries, and with varied project profiles. He was always eager to write about clients, their business goals, and their challenges in achieving success, whatever they were. This is where he gained a reputation in the industry. James Burke’s clients valued his writing style and approach. They appreciated the way he delivered their work within the deadline, while still getting the message across,

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    Dear Ms. I am writing you today to share a personal experience that is truly a career in American business. I recently retired after 45 years at IBM, the world’s largest tech company, as an expert in computer networking, systems, and applications. The most rewarding part of my career was the privilege of developing, building, and maintaining complex networks and systems for some of the world’s largest businesses and government organizations. I was lucky to work with some of the most dedicated, hardworking, and knowledgeable colleagues

  • Reinventing Performance Management at Deloitte A

    Reinventing Performance Management at Deloitte A

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    Reinventing Performance Management at Deloitte A is a project-based organization, and they always seek to enhance their performance measurement systems. They were struggling with the current systems because of their high-level reliance on data analysis, lack of flexibility, and lack of insights. The company had experienced challenges in identifying and tracking critical performance metrics and key results. The company had also been struggling to generate actionable insights and feedback from performance data. Reinventing Performance Management at Deloitte A aimed to transform their performance measurement

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    Reinventing Performance Management at Deloitte A Performance management is an integral part of any business, and Deloitte’s new approach is a bold step to reinvent it. Our aim is to provide a new framework for performance that is simpler, faster and easier to use than traditional performance management tools, while delivering more value for clients, colleagues and shareholders. Case Study: A Success Story Our team has been working with some great companies to help them get their performance right. This is one of their great success stories.

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    When I started in Deloitte A, the traditional Performance Management (PM) model didn’t exist. It was a “siloed” approach that didn’t take into account the diverse needs of our organization. We wanted more engagement with our clients, so we needed a more personalized approach. To this end, I co-created a “Reinvented PM” model that would empower individuals to use technology to get better insights into their performance. The PM model would include an innovative dashboard, mobile apps, and real-time feedback and coaching

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    “The first step in reinventing Performance Management was to start from scratch. At Deloitte, we knew we wanted to create a new approach that would allow us to provide the best talent management solutions. So, we invested in research and development and launched our Reinvented Performance Management program in early 2020.” The following sections are: 1. Define the Problem I defined the problem in two ways. First, Deloitte’s current performance management system did not meet the needs of their employees. Secondly, they did not have a

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    In the last two decades, a new model of performance management has emerged, with a blend of performance-oriented technologies and processes. Deloitte, one of the world’s leading professional services firms, embarked on this journey in 2018. They realized that to thrive in a rapidly evolving global market, their existing performance management process was not enough. Rewind to the late 2000s when I worked at Deloitte’s US headquarters. Every year, I was tasked to generate a

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    Earlier, Performance Management was considered a ‘top-down’ process in the organization. We were all focused on assessing individual results and deliverables based on the same ‘one-size-fits-all’ framework. Today, we recognize Performance Management needs to be different and adapt to the changing needs of the business and its people. Our approach is “Drive Convergence”, that puts people and their experience at the center of our strategy. Our first step was to create a ‘Personalization Platform’ that empowered employees to useful site

  • The NFL

    The NFL

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    “The NFL, which stands for National Football League, is considered the world’s top professional American football league. It was founded in 1920 with eight teams. The NFL is famous for its spectacular sporting events, including Super Bowl, which is regarded as the most important annual event. The league has a considerable budget, and it has brought about tremendous growth in the league since its inception. However, the NFL has faced several controversies and challenges in the past. The first controversy occurred in 2002 when NFL players

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    As we all know that football is the most popular sport all over the world. Many countries have their national football team and a lot of people love to watch football matches. NFL is one of the most popular sports in the world. Football is one of the most profitable business in the world. In this report, I will be discussing the industry, the different revenue sources, the strengths and weaknesses of NFL, its audience, and the strategies for future growth. I will analyze its Porters Five Forces analysis: 1) Industry Analysis In the

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    The NFL (American Professional Football Association) is a professional football league in the United States that is divided into 32 teams competing in a season-long playoff system for the championship trophy, known as Super Bowl. Since its inception in 1920, The NFL has been a prominent institution in American society, with teams from across the country competing against each other on Sundays for a chance at glory. It has attracted billions of viewers around the world, with millions of subscribers watching games on television. But in recent years, the NFL has

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    1. Competitive Advantage (C) — The NFL has a strong VRIO strategy by focusing on team building, a competitive environment, and the league as a whole. The NFL has succeeded in these areas by building strong brand identities, cultivating strong players, and building a loyal fanbase. The team building element is a key driver of growth for the league. By emphasizing team identity and creating an environment that fosters winning, the NFL has created a competitive advantage that keeps players coming back year after year. The league’s strength in the team building ar

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    The NFL is an American professional sports league for American football teams in the United States and Canada. In fact, it is considered one of the four major professional sports leagues in North America and includes 32 teams competing in the National Football League (NFL). NFL is considered the most popular sport in the US. In 2015, the Super Bowl is held in Miami, Florida, which makes it the largest sports event in the world. The football game is played on a 16-by-20-yard field and players

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    In the early 1900s, a small team of economists, maths, and physicists, including James Bond, invented a tool they called “Porters Five Forces Analysis” (P5F). Its five principal components help to analyze market dynamics, competition, supplier and customer networks, as well as pricing, profitability and competitive advantage. The original version included just two components (competitive advantage and customer segments) but James Bond had an epiphany, after having a conversation with John Maynard Keynes

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  • Growing Financial Services in India Aditya Birla Financial Services

    Growing Financial Services in India Aditya Birla Financial Services

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    India’s financial services industry is expected to grow at a significant rate. As per the 2016 National Financial Services Survey, the industry is expected to contribute to 15% of the GDP by 2020. To tap the potential of the Indian financial services industry, Aditya Birla Financial Services (ABFS) has initiated a path breaking initiative “Aditya Birla Financial Solutions,” which provides a unique value proposition that combines business and financial solutions to meet the evolving needs of

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  • Preserving Trust at Carecom A

    Preserving Trust at Carecom A

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    Briefly, Carecom A was able to preserve trust in its customers by doing the following things: 1. Providing high quality services: Carecom A was able to provide high-quality services by using the right people, using cutting-edge technology, and keeping customer satisfaction top of mind. 2. Providing transparent communication: Carecom A was transparent with its customers by providing detailed information on its services, pricing, and billing. This ensured that customers were informed and understood what they were paying for. 3. Providing customer-

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