Akrim Overcoming Fintech Challenges in Dubai
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As Fintech, or electronic finance technology, continues to develop at unprecedented pace, it has the potential to transform every aspect of our daily lives. Dubai is a prime example of where the impact of fintech has been felt in its various applications. In order to understand the potential impact, we must first understand some of the major challenges facing fintech adoption in the UAE. One of the key challenges is the pervasive use of cash in the country. According to a 2019 World Bank report, around
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Akrim overcame financial technologies (Fintechs) challenges in Dubai, a significant financial hub in the UAE. In an era of digital transformation, financial technologies (Fintechs) are here to stay, and their impact is immense. In this case, Akrim, a well-established fintech, needed a swift shift to meet the evolving market demands. To face this challenge, Akrim had to make some fundamental changes. Here’s what we did: 1. Leverage Blockchain Technologies:
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Dubai’s position as a hub for the fintech industry and the challenges that it faces have attracted our attention. In this context, we came to explore the challenges and how Akrim tackled them. Akrim is an innovative fintech startup in Dubai that operates through online platforms and smartphones. Its primary focus is on the real-estate industry, providing a secure and easy way for property buyers and sellers to conduct transactions digitally. We were keen to explore how Akrim dealt with the challenges, especially the ones that
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– Akrim Overcoming Fintech Challenges in Dubai – In this piece, we explore the challenges faced by banks and fintech firms alike in Dubai, and how Akrim has managed to solve these issues. company website Akrim is a financial services group that provides a wide range of banking and financial services. It was founded in 1998 and has over 5,200 employees in 30 countries. Akrim’s strategy focuses on offering a diverse range of products and services, across a broad range of financial
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Dubai is the global financial center with strong growth prospects. In 2018, Dubai International Finance Center (DIFC), known as Dubai Financial Market (DFM), registered a total number of 305 fintech companies, contributing to the overall fintech industry value of USD1.1bn in 2017, according to the latest fintech figures. Dubai is emerging as a major financial center with the support of the UAE and its government, which has enacted a comprehensive strategy to develop
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I was at a loss, with a new technology that I needed to adapt, but what I couldn’t do was find a financial institution that could back this new idea. After many attempts, I finally made contact with an organization that would invest and even help me design a financial system that would help customers in Dubai. Akrim’s CEO, Mohammed M. Abdulaziz, had seen a massive opportunity for the company when the government allowed banks to start offering crypto wallets. view publisher site “The digital revolution had just started and many of our clients were asking
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In the first place, the fintech industry is in a constant struggle for dominance, attracting competitors from all over the world, including the United Arab Emirates (UAE) and Dubai, the most modern and dynamic financial center in the Arab world. Today, we will be discussing Akrim Investment and Insurance Company, the pioneer of innovative financial services, which has been operating for more than three decades and now stands as a trustworthy partner for individuals, businesses, and governments, operating in various financial
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As an entrepreneur, I have always been impressed with Akrim’s expertise in providing affordable and flexible financing solutions. Their team has consistently proved their commitment to providing innovative financing options for businesses, and their services have been instrumental in taking their business to a new level. Their approach is customer-centric and offers unparalleled transparency and value for money. As an Akrim customer, I can honestly say that their services have been a game-changer for my business. I remember a specific instance when