Akrim Overcoming the Challenges of a Fintech in Dubai Afaf Tabach Randa Salamoun Case Study Solution

Akrim Overcoming the Challenges of a Fintech in Dubai Afaf Tabach Randa Salamoun

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Case Study: Akrim, a leading Islamic Fintech in Dubai, faces various challenges. Financial inclusion is a challenge, as a large portion of the population does not have access to digital financial services. The challenges of the industry were highlighted during the pandemic. Financial institutions struggled to offer virtual services, leading to significant growth opportunities for the fintech sector. Section 2: What’s My Experience and Opinion? I am a digital transformation professional with over 15 years of experience in FinTech

Problem Statement of the Case Study

Akrim, a prominent local digital bank, has seen significant growth in Dubai over the past two years, thanks to the of new digital products and innovations in the financial services industry. However, the rapid increase in customers posed several challenges for Akrim to meet the demands of the market. In this case study, I explore the challenges and solutions Akrim faced, and provide insights for other fintech companies to overcome similar challenges. Firstly, Akrim faced a considerable challenge when it came to attracting customers. Customers were initially hes

Case Study Solution

I am a professional writer, but I am also an individual who faces challenges when starting a new business. I was fortunate to start a business in Dubai, the world’s biggest financial hub. However, in the midst of so much competition, I faced a couple of significant challenges. their website One challenge was the lack of financial expertise among the people who supported our startup. The people who owned and managed these businesses had little or no understanding of finance and business operations. It was almost like they had no idea what we were trying to do. They could

VRIO Analysis

In today’s world, businesses and their services have to meet the needs of people quickly. This is the case of Akrim, a fintech company founded in Dubai. The company has taken advantage of this situation by solving the problem of transferring funds instantly. Challenges: Akrim faces several challenges while solving the problem of transferring funds quickly. First of all, the problem has its origin in the country’s banking system. The banks there have different currencies, and the exchange rates are not favorable to anyone. reference Solutions: Ak

Recommendations for the Case Study

The financial industry in Dubai is rapidly expanding and has gained immense popularity due to the presence of several large international and regional banks, financial institutions, and investment funds. Dubai is also a world-class hub for startups and entrepreneurs, with several promising fintech startups in various areas such as banking, payments, investments, and lending. However, the industry is highly competitive, and the challenges faced by these startups are numerous, including regulatory compliance, marketing and distribution, technical challenges, and

Marketing Plan

Section: Executive Summary The FinTech industry has evolved dramatically over the past decade, providing more efficient and innovative banking solutions. In Dubai, several companies have entered this industry, including Akrim, a fintech startup founded in 2015. While Akrim aims to serve the UAE’s banking needs, they face several challenges, including lack of resources, regulatory hurdles, and a competitive market. In this executive summary, I will provide a comprehensive overview of these challenges, highlighting