#cost of fintech company in dubai

[theprivatewolf]

Starting a Fintech Company in Dubai

Dubai, the thriving economic hub of the United Arab Emirates, has emerged as a fertile ground for innovation and business growth. In recent years, the city has become a hotspot for Fintech entrepreneurs. If you’re contemplating starting your own Fintech company in Dubai, this blog will guide you through the crucial aspects of this exciting journey.

Understanding the Fintech Business in Dubai

To embark on your Fintech venture in Dubai, it’s essential to comprehend the local financial landscape. The Dubai government has been actively fostering a conducive environment for Fintech companies. With an increasing emphasis on digitalization and financial technology, Dubai has become a magnet for Fintech startups. Understanding the regulatory framework and the target market will be key to your success.

Key Trends in Dubai Fintech Business

Dubai’s Fintech industry is constantly evolving. Keeping an eye on the latest trends is vital. Innovations like blockchain, digital wallets, and peer-to-peer lending have gained traction. Additionally, Dubai’s Fintech landscape is seeing a surge in Insurtech and Regtech solutions. Staying updated with these trends will help you tailor your offerings to the local market.

Benefits of Starting a Fintech Company in Dubai

Starting a Fintech company in Dubai offers numerous advantages. The city’s strategic location provides access to a vast market in the Middle East and beyond. Moreover, Dubai’s forward-thinking approach to business and finance, coupled with a favorable tax regime, provides fertile ground for Fintech startups to flourish. With growing investor interest and an increasingly tech-savvy population, Dubai is brimming with potential for Fintech entrepreneurs.

Business Structuring and Planning

Before diving into the Fintech world, a solid business plan is crucial. Consider the structure of your company, whether it’s a free zone company, onshore company, or a branch office. Each option has its unique benefits and requirements. Your business plan should also outline your goals, target market, and revenue model.

Steps Involved in Starting a Fintech Company in Dubai

The journey to launching your Fintech company in Dubai involves several steps. These include obtaining the necessary licenses, understanding the regulatory framework, and ensuring compliance. Connecting with local partners or accelerators can help you navigate the complex regulatory landscape.

Cost of Setting Up a Fintech Company in Dubai

The cost of setting up a Fintech company in Dubai can vary widely depending on factors like business structure, office space, and license fees. It’s essential to create a comprehensive budget that accounts for all expenses, including registration, office space, and hiring staff.

Grow Your Business with Private Wolf

Private Wolf, a prominent Fintech consulting firm in Dubai, offers invaluable support to startups. Whether it’s assistance with licensing, compliance, or accessing the local network, they can be a vital partner in your entrepreneurial journey. Their expertise can help you streamline operations and accelerate your growth.

Starting a Fintech company in Dubai is an exciting endeavor. With the right knowledge and strategic planning, you can tap into the city’s vibrant Fintech ecosystem and position your company for success in this dynamic sector.

M.Hussnain

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[mostlysignssomeportents]

Stinkpump Linkdump

Next Tuesday (December 5), I'm at Flyleaf Books in Chapel Hill, NC, with my new solarpunk novel The Lost Cause, which 350.org's Bill McKibben called "The first great YIMBY novel: perceptive, scientifically sound, and extraordinarily hopeful."b

Once again, I greet the weekend with more assorted links than I can fit into my nearly-daily newsletter, so it's time for another linkdump. This is my eleventh such assortment; here are the previous volumes:

https://pluralistic.net/tag/linkdump/

I've written a lot about Biden's excellent appointees, from his National Labor Relations Board general counsel Jennifer Abruzzo to Consumer Financial Protection Bureau chair Rohit Chopra to FTC Chair Lina Khan to DoJ antitrust boss Jonathan Kanter:

https://pluralistic.net/2023/09/14/prop-22-never-again/#norms-code-laws-markets

But I've also written a bunch about how Biden's appointment strategy is an incoherent mess, with excellent appointees picked by progressives on the Unity Task Force being cancelled out by appointees given to the party's reactionary finance wing, producing a muddle that often cancels itself out:

https://pluralistic.net/2023/11/08/fiduciaries/#but-muh-freedumbs

It's not just that the finance wing of the Democrats chooses assholes (though they do!), it's that they choose comedic bunglers. The Dems haven't put anyone in government who's as much of an embarrassment as George Santos, but they keep trying. The latest self-inflicted Democratic Party injury is Prashant Bhardjwan, a serial liar and con-artist who is, incredibly, the Biden Administration's pick to oversee fintech for the Office of the Comptroller of the Currency (OCC):

https://www.americanbanker.com/news/did-the-occ-hire-a-con-artist-to-oversee-fintech

When the 42 year old Bhardjwan was named Deputy Comptroller and Chief Financial Technology Officer for OCC, the announcement touted his "nearly 30 years of experience serving in a variety of roles across the financial sector." Apparently Bhardjwan joined the finance sector at the age of 12. He's the Doogie Houser of Wall Street:

https://www.occ.gov/news-issuances/news-releases/2023/nr-occ-2023-31.html

That wasn't the only lie on Bhardjwan's CV. He falsely claimed to have served as CIO of Fifth Third Bank from 2006-2010. Fifth Third has never heard of him:

https://www.theinformation.com/articles/the-occ-crowned-its-first-chief-fintech-officer-his-work-history-was-a-web-of-lies

Bhardjwan told a whole slew of these easily caught lies, suggesting that OCC didn't do even a cursory background search on this guy before putting him in charge of fintech – that is, the radioactively scammy sector that gave us FTX and innumerable crypto scams, to say nothing of the ever-sleazier payday lending sector:

https://pluralistic.net/2023/05/01/usury/#tech-exceptionalism

When it comes to appointing corrupt officials, the Biden administration has lots of company. Lots of eyebrows went up when the UN announced that the next climate Conference of the Parties (COP) would be chaired by Sultan Ahmed Al-Jaber, who is also the chair of Dubai's national oil company. Then the other shoe dropped: leaks revealed that Al-Jaber had colluded with the Saudis to use COP28 to get poor Asian and African nations hooked on oil:

https://www.bbc.com/news/science-environment-67508331

There's an obvious reason for this conspiracy: the rich world is weaning itself off of fossil fuels. Today, renewables are vastly cheaper than oil and there's no end in sight to the plummeting costs of solar, wind and geothermal. While global electrification faces powerful logistical and material challenges, these are surmountable. Electrification is a solvable problem:

https://pluralistic.net/2021/12/09/practical-visionary/#popular-engineering

And once we do solve that problem, we will forever transform our species' relationship to energy. As Deb Chachra explains in her brilliant new book How Infrastructure Works, we would only need to capture 0.4% of the solar radiation that reaches the Earth's surface to give every person on earth the energy budget of a Canadian (AKA, a "cold American"):

https://pluralistic.net/2023/10/17/care-work/#charismatic-megaprojects

If COP does its job, we will basically stop using oil, forever. This is an existential threat to the ruling cliques of petrostates from Canada to the UAE to Saudi. As Bill McKibben writes, this isn't the first time a monied rich-world industry that had corrupted its host governments faced a similar crisis:

https://billmckibben.substack.com/p/a-corrupted-cop

Big Tobacco spent decades fueling science denial, funneling money to sellout scientists who deliberately cast doubt on both sound science and the very idea that we could know anything. As Tim Harford describes in The Data Detective, Darrell Huff's 1954 classic How to Lie With Statistics was part of a tobacco-industry-funded project to undermine faith in statistics itself (the planned sequel was called How To Lie With Cancer Statistics):

https://pluralistic.net/2021/01/04/how-to-truth/#harford

But anything that can't go on forever will eventually stop. When the families of the people murdered by tobacco disinformation campaigns started winning eye-popping judgments against the tobacco industry, the companies shifted their marketing to the Global South, on the theory that they could murder poor brown people with impunity long after rich people in the north forced an end to their practice. Big Tobacco had a willing partner in Uncle Sam for this project: the US Trade Representative arm-twisted the world's poorest countries into accepting "Investor-State Dispute Settlements" as part of their treaties. These ISDS clauses allowed tobacco companies to sue governments that passed tobacco control legislation and force them to reverse their democratically enacted laws:

https://ash.org/what-is-isds-and-what-does-it-mean-for-tobacco-control/

As McKibben points out, the oil/climate-change playbook is just an update to the tobacco/cancer-denial conspiracy (indeed, the same think-tanks and PR agencies are behind both). The "Oil Development Sustainability Programme" – the Orwellian name the Saudis gave to their plan to push oil on poor countries – maps nearly perfectly onto Big Tobacco's attack on the Global South. Nearly perfectly: second-hand smoke in Indonesia won't give Americans cancer, but convincing Africa to go hard on fossil fuels will contribute to an uninhabitable planet for everyone, not just poor people.

This is an important wrinkle. Wealthy countries have repeatedly demonstrated a deep willingness to profit from death and privation in the poor world – but we're less tolerant when it's our own necks on the line.

What's more, it's far easier to put the far-off risks of emissions out of your mind than it is to ignore the present-day sleaze and hypocrisy of corporate crooks. When I quit smoking, 23 years ago, my doctor told me that if my only motivation was avoiding cancer 30 years from now, I'd find it hard to keep from yielding to temptation as withdrawal set in. Instead, my doctor counseled me to find an immediate reason to stay off the smokes. For me, that was the realization that every pack of cigarettes I bought was enriching the industry that invented the denial playbook that the climate wreckers were using to render our planet permanently unsuited for human habitation. Once I hit on that, resisting tobacco got much easier:

https://pluralistic.net/2021/06/03/i-quit/

Perhaps OPEC Secretary General Haitham Al-Ghais is worried about that the increasing consensus that Big Oil cynically and knowingly created this crisis. That would explain his new flight of absurdity, claiming that the world is being racist to oil companies, "unjustly vilifying" the industry for its role in the climate emergency:

https://www.cnbc.com/2023/11/27/opec-says-oil-industry-unjustly-vilified-ahead-of-climate-talks-.html

Words aren't deeds, but words have power. The way we talk about things makes a difference to how we act on those things. When discussions of Israel-Palestine get hung up on words, it's easy to get frustrated. The labels we apply to the rain of death and the plight of hostages are so much less important than the death and the hostages themselves.

But how we name the thing will have an enormous impact on what happens next. Take the word "genocide," which Israel hawks insist must not be applied to the bombing campaign and siege in Gaza, nor to the attacks on Palestinians in the West Bank. On this week's On The Media, Brooke Gladstone interviews Ernesto Verdeja, executive director of The Institute for the Study of Genocide:

https://www.wnycstudios.org/podcasts/otm/segments/genocide-powerful-word-so-why-its-definition-so-controversial-on-the-media

Verdeja lays out the history of the word "genocide" and connects it to the Israeli government and military's posture on Palestine and Palestinians, and concludes that the only real dispute among genocide scholars is whether the current campaign it itself an act of genocide, or a prelude to an act of genocide.

I'm not a genocide scholar, but I am a Jew who has always believed in Palestinian solidarity, and Verdeja's views do not strike me as outrageous, or (more importantly) antisemitic. The conflation of opposition to Israel's system of apartheid with opposition to Jews is a cheap trick, one that's belied by Israel itself, where there is a vast, longstanding political opposition to Israeli occupation, settlements, and military policing. Are all those Israeli Jews secret antisemites?

Jews are not united in support for Israel's oppression of Palestinians. The hardliners who insist that any criticism of Israel is antisemitic are peddling an antisemitic lie: that all Jews everywhere are loyal to Israel, and that we all take our political positions from the Knesset. Israel hawks only strengthen that lie when they accuse me and my fellow Jews of being "self-hating Jews."

This leads to the absurd circumstance in which gentiles police Jews' views on Israel. It's weird enough when white-nationalist affiliated evangelicals who support Israel in order to further the end-times prophesied in Revelations slam Jews for being antisemitic. But in Germany, it's even weirder. There, regional, non-Jewish officials charged with policing antisemitism have censured Jewish groups for adopting policies on Israel that mainstream Israeli political parties have in their platforms:

https://jewishcurrents.org/the-strange-logic-of-germanys-antisemitism-bureaucrats

Antisemitism is real. As Jesse Brown describes in his recent Canadaland editorial, there is a real and documented rise in racially motivated terror against Jews in Canada, including school shootings and a firebombing. Likewise, it's true that some people who support the Palestinian cause are antisemites:

https://www.canadaland.com/podcast/is-jesse-a-zionist-editorial/

But to stand in horror at Israel's military action and its vast civilian death-toll is not itself antisemitic. This is obvious – so obvious that the need to say it is a tribute to Israel hardliners – Jewish and gentile – and their ability to peddle the racist lie that Israel is Jews and Jews are Israel, and that every Jew is in support of, and responsible for, Israeli war-crimes and crimes against humanity.

One need not choose between opposition to Hamas and its terror and opposition to Israel and its bombings. There is no need for a hierarchy of culpability. As Naomi Klein says, we can "side with the child over the gun":

https://www.theguardian.com/commentisfree/2023/oct/11/why-are-some-of-the-left-celebrating-the-killings-of-israeli-jews

Moral consistency is not moral equivalency. If you're a Jew like me who wants to work for an end to the occupation and peace in the region, you could join Jewish Voice For Peace (like me):

https://www.jewishvoiceforpeace.org

Now, for a jarring tone shift. In these weekend linkdumps, I put a lot of thought into how to transition from one subject to the next, but honestly, there's no good transition from Israel-Palestine to anything else (yet – though someday, perhaps). So let's just say, "word games can be important, but they can also be trivial, and here are a few of the latter."

Start with a goodie, from the always brilliant medievalist Eleanor Janeaga, who tackles the weirdos who haunt social media in order to dump on people with PhDs who call themselves "doctor":

https://going-medieval.com/2023/11/29/doctor-does-actually-mean-someone-with-a-phd-sorry/

Janega points out that the "doctor" honorific was applied to scholars for centuries before it came to mean "medical doctor." But beyond that, Janega delivers a characteristically brilliant history of the (characteristically) weird and fascinating tale of medieval scholarship. Bottom line, we call physicians "doctor" because they wanted to be associated with the brilliance of scholars, and thought that being addressed as "doctor" would add to their prestige. So yeah, if you've got a PhD, you can call yourself doctor.

It's not just doctors; the professions do love their wordplay. especially lawyers. This week on Lowering The Bar, I learned about "a completely ludicrous court fight that involved nine law firms that combined for 66 pages of briefing, declarations, and exhibits, all inflicted on a federal court":

https://www.loweringthebar.net/2023/11/federal-court-ends-double-spacing-fight.html

The dispute was over the definition of "double spaced." You see, the judge in the case told counsel they could each file briefs of up to 100 pages of double-spaced type. Yes, 100 pages! But apparently, some lawyer burn to write fat trilogies, not mere novellas. Defendants accused the plaintiffs in this case of spacing their lines a mere 24 points apart, which allowed them to sneak 27 lines of type onto each page, while defendants were confined to the traditional 23 lines.

But (the court found), the defendants were wrong. Plaintiffs had used Word's "double-spacing" feature, but had not ticked the "exact double spacing" box, and that's how they ended up with 27 lines per page. The court refused to rule on what constituted "double-spacing" under the Western District of Tennessee’s local rules, but it ruled that the plaintiffs briefs could fairly be described as "double-spaced." Whew.

That's your Saturday linkdump, jarring tone-shift and all. All that remains is to close out with a cat photo (any fule kno that Saturday is Caturday). Here's Peeve, whom I caught nesting most unhygienically in our fruit bowl last night. God, cats are gross:

https://www.flickr.com/photos/doctorow/53370882459/

It's EFF's Power Up Your Donation Week: this week, donations to the Electronic Frontier Foundation are matched 1:1, meaning your money goes twice as far. I've worked with EFF for 22 years now and I have always been - and remain - a major donor, because I've seen firsthand how effective, responsible and brilliant this organization is. Please join me in helping EFF continue its work!

If you'd like an essay-formatted version of this post to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:

https://pluralistic.net/2023/12/02/melange/#defendants_motion_to_require_adherence_with_formatting_requirements_of_local_rule_7.1

Stinkpump Linkdump

[hasdrubal-gisco]

here's a heads up for the next civilizational step - feudalism 2 ! you can already see it beginning to form. the centralization of states that dominated the 19th and 20th centuries (sidebar. considering switching to the french style when referencing centuries, in this case eg. XIXth and XXth - do we like ?) emerged at a time when the productive parts of the economy (laborers, natural resources, capital (real and money)) had a much tougher time moving around – not so much the case today. financial capital can move around relatively easily, increases in productivity and infrastructure have made it so that startup cost to for example build a new factory elsewhere are much lower than before, relatively speaking. people can move around much more easily (source: the tumblr dashboard, linkedin recruiters). we’ve already seen countries deliberately change their legislative systems in order to attract money and people from abroad – think city states and tax havens like singapore, dubai, monaco, belize. the national bank of lithuania (a country with a population of 3m) gave revolut (fintech company) a banking license which counts for the whole of the EU, so now there are something like 50m bank accounts registered in and insured by the national bank of lithuania. this kind of competitive advantage-seeking behavior will only continue (because as long as there are arbitrage opportunities, it will work). the easiest way for countries on the losing side of this trade to hedge their losses is to enforce a feudal serf-citizen status. a french passport will not mean a right to participate in the french political system, but rather an obligation to the state treasury. the US already does this – if you have a US passport, you have to disclose your income to the IRS even if you live and work elsewhere, and have that other country designated as your tax home; you have to annually disclose to the IRS all international bank accounts holding more than $10k (if you don’t, that’s okay. every bank you can think of (excl. in switzerland) voluntarily provides detailed info on every account held by US citizens – look up FBAR and the array of international agreements to support this). the UK has long struggled with people pulling out every penny and asset out of the UK economy because of high tax rates, and while there’s no chance france will pass a marginal 90% income tax rate over 400k EUR/y, the solution will simply be to put the money and declare income elsewhere – while still living and working in france. The only solution (from a state’s view) is the american model of you being a serf, and being subject to THEIR rules regardless of where you go

[influencer-agency123]

Influencer Marketing for Fintech Brands in Dubai, UAE, GCC, MENA Region

Fintech companies are quickly gaining popularity all over the world, and Dubai, UAE has identified itself as a potent player in carrying Fintech companies. The core of this sector is innovation and therefore it is in a continuous search on how to reach the target market in a unique way. This is where influencer marketing for Fintech brands in Dubai comes into play.

That is why, the Influence marketing for Fintech brands in UAE becomes mandatory rather than a luxury. The discussion reveals that such an approach can be used by fintech organizations to improve the gap between products and consumer knowledge.

This blog post will explore the various ways in which FinTech brands can leverage creators, the value of influencer marketing, and how brands can effectively work with social media influencers.

How Can FinTech Brands in UAE Strategically Collaborate with FinTech Creators in the Middle East?

Choosing the Right Influencers

The first significant challenge that Fintech brands have to contend with is the finding of the right fintech influencers. This means that the strategy needs to be distinct from general consumer niche marketing since the target audience is structured within the financial sector. Some of the usual popular opinion leaders in this area are financial analysts, technology bloggers, and investment consultants who would usually have a large fan base among potential FinTech consumers in GCC region.

Establishing Clear Objectives

Collaboration with fintech influencers should be focused on certain goals, which should be written down. Regardless of whether the aim is to generate brand recognition, drive leads, or increase users’ engagement, such objectives are going to be set at the beginning to help identify the most suitable influencer marketing agency for FinTech brands in UAE, Middle East.

Creating Authentic Content

Authenticity is key. It is something that fintech influencers should be allowed to do to tweak the message in a way that they find will appealed to the audience. To increase people’s trust and credibility some ideas of content creation can be tutorials, live Q&A sessions, and financial planning webinars.

Leveraging Data and Analytics

There is also the aspect of performance tracking when working with an influencer marketing platform for FinTech brands. Evaluation enables changes to be made to the strategies so as to enhance the results. These are the types of data: engagement rates, conversion rates, and ROI.

Why Should FinTech Brands Choose Influencer Marketing to Reach Their Potential Customers?

Enhanced Trust and Credibility

Another major benefit of influencer marketing services for FinTech brands in MENA region is the passive or inherent trust, which audiences have placed on the promoters themselves. This is because when one influential personality comes out to recommend a given brand to his or her followers, such a brand will definitely gain a lot of recognition from the targeted group.

Targeted Audience Reach

Thus, brands benefit from fintech influencers because they help them attract a more specific audience. Whether you are looking at Facebook Influencer marketing for FinTech brands in UAE, Tiktok Influencer marketing for FinTech brands in Middle East or variations in other social platforms, the audience segmentation is very achievable.

Cost-Effective Marketing

Compared to other forms of advertising such as the print, electronic or billboard, this form of advertisement is cheaper. It’s about getting access to the audience of a person who already has their trust and attention partially earned.

Improved Engagement Rates

Awareness is usually considered to be an undeniably valuable component of any marketing plan and the same can be said about engagement. Fintech influencer content is likely to appeal more to the audience because it is considered to be much closer to reality and everyday life. The upshot of this higher engagement is usually a corresponding better ROI.

How to Use Social Media Influencers for FinTech Brands?

Facebook Influencer marketing for FinTech brands

Facebook Influencer marketing for FinTech brands in UAE can be even more beneficial because Facebook provides shifting and diverse advertising opportunities and sir for branding. The use of Facebook Live sessions, advertisements, and posts from money influence personalities can go a long way.

TikTok Influencer marketing for FinTech brands in the Middle East

Another path is Influencer marketing for FinTech brands in MENA region using TikTok which is still not highly explored but promising. Specifically due to its content sharing mechanism, TikTok is a great way to reach the younger audiences with short and entertaining pieces of content. Simple financial tips, a few tricks to make investment, or possibly cheerful animations will help to attract the attention of potential users.

Instagram Influencer marketing for FinTech brands

Instagram Influencer marketing for fintech primarily focuses on visuals. It is Instagram Stories, IGTV, and posts that showcase personal finance tips, and technology updates arranged in an appealing manner that can generate more traffic. Getting in touch with influential fintech social media personalities who are indeed savvy in matters concerning finances will aid in establishing content that will be appealing to the eye as well as filled with lots of informative data.

Linkedin Influencer marketing for FinTech brands

In regards to the best platforms, influencer marketing through LinkedIn is appropriate for B2B FinTech brands in GCC region. This platform enables FinTech brands to target the professional user group. LinkedIn has enabled its influencers to hold webinars, author articles, and proffer case studies that in turn boost your B2B FinTech solutions, thereby amplifying a brand’s reach.

Conclusion

The rise of influencer marketing shows that it opens various prospects for FinTech brands in Dubai. Evaluating the customer experience, focusing on the target audience, and a multiple-approach approach are the foundations of effective influencer marketing. Whether your niche is Facebook, Tiktok, Instagram, or Linkedln let the right influencer marketing company for FinTech brands get your products closer to consumers.

To tackle FinTech’s dynamic marketing strategies, it will be vital in the future to adapt these strategies to constantly target a more refined audience.

Want to raise the bar of your audience interaction? Get in touch with Grynow now to avail unmatched expertise!!

[sandraps]

legal consultant dubai salary

A Legal Consultant in Dubai plays a crucial role in providing expert advice and assistance on legal matters, particularly in the ever-evolving landscape of business and law within the UAE. With Dubai’s status as a global business hub, legal consultants are pivotal in helping individuals and organizations navigate complex legal frameworks. They offer valuable insight into the legalities of business setup, contract law, real estate transactions, dispute resolution, and regulatory compliance.

Advantages of Hiring a Legal Consultant in Dubai

Expertise in Local and International Laws: Legal consultants in Dubai are well-versed in both UAE laws and international legal practices, ensuring comprehensive legal advice.

Cost-Effective Solutions: By offering preventive legal counsel, consultants help clients avoid costly legal mistakes and long-term disputes.

Business Expansion: With the rise of foreign investments in Dubai, a legal consultant aids businesses in establishing a presence in the region, helping with company formation, licensing, and compliance with local regulations.

Efficiency in Dispute Resolution: A legal consultant can assist in resolving conflicts quickly and effectively, often through alternative dispute resolution methods like arbitration and mediation.

Specialized Industry Knowledge: Consultants may specialize in areas such as real estate, finance, or corporate law, providing tailored advice to suit specific business needs.

Future Aspects The role of legal consultants in Dubai will continue to grow as the city enhances its reputation as a leading global business center. Legal consultants will increasingly focus on sectors like fintech, healthcare, and sustainability, with the rise of regulatory changes in these industries. With the UAE’s vision for future development, the demand for legal expertise will expand, particularly in relation to compliance with new laws, economic diversification, and the growing number of international collaborations.

Conclusion In conclusion, hiring a Legal Consultant in Dubai is essential for businesses and individuals looking to navigate the dynamic legal environment of the UAE. With expertise in both local and international law, legal consultants help mitigate risks, ensure compliance, and drive business growth. As Dubai continues to evolve as a global business hub, the role of legal consultants will become even more critical in shaping the future of commerce and law in the region.

[airdropbountyevents]

The Ultimate T2T Hybrid Hackathon Dubai Event by PLI & XDC -Success Reviews

The Ultimate T2T Hybrid Hackathon March 2022 Dubai Event, Powered By PLI & XDC which had been organized at Hotel Hyatt Regency, Healthcare City, Dubai on 27th of March has been a huge success with a total of 50 Blockchain Developers participating online as well as onsite. The participants were given the opportunity to register as team or as an individual.

The aim for organizing such Hybrid Hackathon by PLUGIN, a part of XDC network, was to create unique opportunities for Blockchain Developers, across the globe, who intend to convert their Dreams into Reality. The participants came up with different innovative use cases which would play a major role in reducing the global warming and enhance the lives of commoners across the globe. The Hackathon was live streamed on Zoom meeting for continuous 14 hours.

Participants got an opportunity to listen and had live interaction with a number of well known Blockchain Penalists such as Vijaya Marisetty — Professor of Fintech and Financial Analytics, University of Twente and University of Hyderabad; Murthy Chitlur — Technologist, Author, DeFi, Fintech, New Street Technologies Pvt Ltd; Mr. Manohara K — Founder & CEO at Unmarshal; Vinay Krishna — Founder & CEO at LedgerFi IT Solutions; Dr. Baljeet Malhotra — Founder & CEO at TeejLab Inc along with Dr. Holger Bartel — CEO at DigiOptions DeFi. The panelists were hosted by Mr. Srinivas Mahankali — Chief Business Officer-Blockchain (APAC) at SecureKloud Technologies who made the session more lively with his crisp Blockchain bytes.

The hackathon was attended by XDC Ecosystem partners such as LedgerFi, Unmarshal, XDSea NFT, StorX Network and FlovTec. The participants and Ecosystem Partners were welcomed by Mr. Vinod Khurana — CEO, Suvik Group of Companies and Co-Founder, PLUGIN, a Secure, Scalable Decentralized Oracle Platform; who gave a welcome speech and shared insight on the importance of Blockchain in their daily life which includes improving healthcare, better banking transactions, smarter supply chains etc.

There were more than 30 use cases of different domains up for the participants to work upon. These included sectors such as Finance, DeFi, Insurance, HealthCare, NFT, Environment, Supply chain to name a few. Hackathon participants had a whole day full of fun, coding, and hacking, competing for a total prize of USD 10,000 worth of XDC tokens. As they say, Participation is the Key, in addition each of the participating developer being awarded PLI tokens worth USD 100 along with the Certificate of Participation and other goodies.

About Plugin : Plugin: Decentralized Oracle Network https://www.goplugin.co/ Plugin (PLI), a Secure, Scalable Decentralized Oracle Platform, provides cost-effective solutions to any smart contract, which runs on XDC Network. Pugin enables smart contract to connect with the real-time world and the data that it receives from the data feed partners, is trustable by maintaining a high degree of security. Off-chain computation takes care of receiving a feed from multiple providers and aggregates the same.

Contact: Vinod Khurana @ Suvik Technologies FZE Sharjah Research, Technology and Innovation Park. Al Sharjah, United Arab Emirates https://goplugin.co/

Media Contact: Organization: Synergy Global Enterprise LLC Name: Gopi Divecha Address: 111 North Bridge Road #21–01, Singapore 179098 Website: https://pixelproduction.com/ Email: gopi@pixelprodction.com WhatsApp: https://wa.me/+6586940671

[businessetupuae]

Top Free Zones in the UAE for Entrepreneurs - Raes Associates

The United Arab Emirates (UAE) has become a global hub for business and innovation, particularly for entrepreneurs looking to establish or expand their ventures. One of the key attractions of the UAE is its free zones in the UAE, which offer numerous benefits including 100% foreign ownership, tax exemptions, and simplified business setup processes. In this blog post, we'll explore some of the top UAE free zone company setup options that cater to entrepreneurs.

1. Dubai Multi Commodities Centre (DMCC)

Overview

DMCC is one of the largest and fastest-growing free zones in the UAE, particularly favored by companies in the commodities sector.

Key Benefits

100% foreign ownership

No corporate tax for 50 years

Wide range of business activities permitted

Access to a vibrant business community and networking opportunities

Ideal For

Businesses in commodities trading, fintech, and technology sectors.

2. Sharjah Airport International Free Zone (SAIF Zone)

Overview

SAIF Zone is strategically located near Sharjah International Airport, making it an ideal choice for businesses focused on logistics and trade.

Key Benefits

100% foreign ownership

No import or export duties

Flexibility in leasing options

Cost-effective setup and operational fees

Ideal For

Logistics, warehousing, and manufacturing companies.

3. Abu Dhabi Global Market (ADGM)

Overview

ADGM is a financial free zone located in the capital city, Abu Dhabi. It aims to promote financial services and innovation.

Key Benefits

100% foreign ownership

No corporate tax

Robust regulatory framework

Access to a growing market in the UAE and beyond

Ideal For

Financial services, fintech startups, and investment firms.

4. Fujairah Free Zone

Overview

Situated near Fujairah Port, this free zone is perfect for businesses involved in shipping and logistics.

Key Benefits

100% foreign ownership

No corporate tax

Proximity to key shipping routes

Efficient customs procedures

Ideal For

Shipping, logistics, and maritime-related businesses.

5. Ras Al Khaimah Economic Zone (RAKEZ)

Overview

RAKEZ combines multiple free zones under one umbrella, offering diverse options for businesses in various sectors.

Key Benefits

100% foreign ownership

No corporate tax

Affordable setup costs

Access to both local and international markets

Ideal For

A wide range of industries, including manufacturing, trading, and service-based businesses.

6. Ajman Free Zone

Overview

Ajman Free Zone is known for its affordability and ease of doing business, making it attractive for startups.

Key Benefits

100% foreign ownership

No corporate tax

Flexible licensing options

Low operational costs

Ideal For

Small and medium-sized enterprises (SMEs) across various industries.

Conclusion

The UAE's free zones present unparalleled opportunities for entrepreneurs looking to establish their businesses in a thriving environment. With benefits like full foreign ownership, tax exemptions, and streamlined processes, these zones provide the perfect launchpad for startups and established businesses alike. Whether you're in logistics, finance, or tech, there’s a free zone tailored to your needs.

[supdubaibusiness2024]

The Future of Business in Dubai: Trends to Watch in 2024

Dubai continues to solidify its position as a global business hub, attracting entrepreneurs and investors worldwide. With the city’s strategic initiatives and a keen eye on future growth, the landscape of business in Dubai is rapidly evolving. Here are the top trends to watch in 2024 if you’re considering a Setup Dubai Business.

Rise of Digital Transformation

Digital transformation is reshaping every industry in Dubai. Businesses are increasingly leveraging AI, blockchain, and IoT to streamline operations and enhance customer experiences. In 2024, companies that adopt these technologies will gain a competitive edge, particularly in sectors like retail, logistics, and finance. When planning a Business Setup in Dubai, incorporating digital strategies from the start will be crucial.

2. Sustainability and Green Business Initiatives

Dubai is committed to becoming a global leader in sustainability, with initiatives like the Dubai Clean Energy Strategy 2050. Businesses focusing on eco-friendly practices, renewable energy, and sustainable products are expected to thrive. Entrepreneurs should consider integrating sustainable practices into their business models to align with the emirate’s long-term vision.

3. Growth of E-Commerce and Online Services

The e-commerce sector in Dubai is booming, driven by a tech-savvy population and high internet penetration rates. In 2024, more businesses are expected to go digital, offering products and services online. For new entrepreneurs, setting up an e-commerce business in Dubai’s free zones, which offer incentives like 100% foreign ownership and tax exemptions, can be highly lucrative.

4. Expansion of Free Zones

Free Zones continue to be a significant draw for foreign investors due to their favorable business environment. In 2024, new Free Zones and expansions are likely, offering more opportunities for businesses to operate with benefits like full repatriation of profits and no import duties. A Setup Dubai Business in a Free Zone is ideal for those looking for a hassle-free entry into the market.

5. Healthcare and Wellness Industry Boom

The healthcare and wellness sector is set to grow in response to increasing demand for quality healthcare services. Dubai’s government is investing heavily in healthcare infrastructure, making it an attractive sector for investment. Medical technology, telemedicine, and wellness services will be key areas for new business ventures.

6. Rise of Fintech and Digital Payments

Fintech is revolutionizing the financial sector in Dubai, with a strong push towards digital payments and cashless transactions. The government’s support for innovation in fintech will continue into 2024, creating opportunities for startups focusing on payment solutions, digital banking, and financial services.

Flexible Workspaces and Remote Work

The pandemic has accelerated the shift towards flexible workspaces and remote work. Dubai is adapting to this trend by offering more co-working spaces and remote business setup options. For those considering a Business Setup in Dubai, flexible office solutions can reduce overhead costs and provide agility.

Final Thoughts

As a leading business consultancy in Dubai, we understand that staying ahead of emerging trends is vital for success. The business landscape in Dubai is evolving, with digital transformation, sustainability, and innovation taking center stage in 2024. By aligning your business strategy with these trends, you can position your company for growth and long-term success in this dynamic market. Whether you’re planning a new Business Setup in Dubai or looking to expand, our team is here to guide you through every step, ensuring your venture thrives in the competitive Dubai business environment.

[techhy-simpson]

Measuring ROI in IT Recruitment: Beyond Cost-per-Hire Metrics

Hey there, fellow entrepreneurs and business owners! Whether you're running a tech startup in London, a software development firm in New York, or an IT consultancy in Dubai, I bet you're all too familiar with the headache of recruiting top tech talent. And if you're anything like me, you've probably wondered if all that time, effort, and money you're pouring into recruitment is really paying off.

Well, grab a cup of coffee (or tea, if that's your thing), and let's dive into the world of measuring ROI in IT recruitment. Trust me, it's not as dry as it sounds, and it could be the game-changer your business needs.

The Old School: Cost-per-Hire and Why It's Not Enough

Okay, let's start with the basics. If you've been in business for a while, you've probably heard of the cost-per-hire metric. It's simple: you add up all your recruitment costs and divide by the number of hires. Voila! You've got your cost-per-hire.

But here's the thing – while cost-per-hire a developer is a useful metric, it's like trying to judge a book by its cover. Sure, it gives you a quick snapshot, but it doesn't tell the whole story.

Let me give you a real-world example. A friend of mine runs a fintech startup in Manchester. She was patting herself on the back for keeping her cost-per-hire low by using cheap job boards and handling recruitment in-house. Sounds great, right? Well, six months later, she was tearing her hair out because half of her new hires had already left, and the ones who stayed were underperforming. Turns out, cheap recruitment can be expensive in the long run.

So, what's a savvy business owner to do? Let's look at some metrics that really matter.

Quality of Hire: The Holy Grail of Recruitment ROI

If cost-per-hire is the cover of the book, quality of hire is the riveting story inside. This metric looks at how well your new hires are actually performing on the job.

1.1 Performance Ratings: More Than Just Numbers One way to measure quality of hire is through performance ratings. But don't just slap a number on it and call it a day. Get specific. Are your new developers shipping code faster? Are your IT support staff resolving tickets more efficiently?

A software company in Austin I worked with started tracking not just overall performance ratings, but specific metrics like code quality, project completion time, and peer reviews. They found that hires who came through employee referrals consistently outperformed those from other sources. This insight led them to beef up their referral program, resulting in better result in hiring a developer and better team cohesion.

1.2 Time to Productivity: Hit the Ground Running Another crucial aspect of quality of hire is how quickly your new tech whizzes get up to speed. In the fast-paced world of IT, you can't afford to have new hires twiddling their thumbs for months.

I know a cybersecurity firm in Tel Aviv that implemented a "30-60-90 day plan" for all new hires. They set specific goals for what each new employee should achieve in their first 30, 60, and 90 days. By tracking this, they could quickly identify which recruitment sources were delivering hires who could hit the ground running.

1.3 Cultural Fit: Because Skills Aren't Everything Here's something that often gets overlooked – cultural fit. In the world of IT, where collaboration and innovation are key, having team members who mesh well with your company culture can be just as important as their technical skills.

A tech consultancy in Edinburgh started including a "culture add" score in their quality of hire metric. They found that employees who scored high on this measure were more likely to stay with the company long-term and contribute innovative ideas. As a result, they adjusted their interview process to better assess cultural fit, leading to more cohesive teams and higher overall productivity.

Retention Rate: Because Hiring is Just the Beginning

Alright, so you've hired some top-notch tech talent. Job done, right? Not so fast. If your new hires are heading for the exit faster than you can say "Silicon Valley," all that recruitment effort goes down the drain.

2.1 First Year Retention: The Make-or-Break Period The first year is crucial. It's when your new hires are learning the ropes, integrating into the team, and deciding if your company is where they want to build their career.

A data analytics company in Chicago started closely tracking their first-year retention rate. They discovered that new hires who had a rocky onboarding experience were much more likely to leave within the first year. Armed with this insight, they overhauled their onboarding process, assigning mentors to each new hire and creating a comprehensive "welcome package" that outlined clear expectations and growth opportunities. The result? Their first-year retention rate shot up by 25%.

2.2 Long-Term Retention: Building a Stable Team While first-year retention is important, don't forget to look at the bigger picture. In the ever-changing world of IT, having a stable core team can be a major competitive advantage.

I know a cloud computing startup in Seattle that started tracking not just how long employees stayed, but why they left. They conducted thorough exit interviews and used the insights to make changes in their company culture and benefits package. One surprising finding? Many employees were leaving because they felt their skills were stagnating. The company responded by implementing a generous professional development program, and their long-term retention rates improved significantly.

2.3 Internal Mobility: Grow Your Own Talent Here's a retention metric that often gets overlooked – internal mobility. Are your tech employees able to grow and advance within your company, or are they leaving to find new challenges elsewhere?

A mobile app development company in London started tracking how many of their senior positions were filled by internal promotions versus external hires. They found that teams led by internally promoted managers had higher morale and better retention rates. This led them to create a robust internal training and promotion program, reducing their need for external hires and improving overall team stability.

Source of Hire: Not All Recruitment Channels Are Created Equal

Okay, last but not least, let's talk about where your best hires are coming from. This isn't just about which job board gives you the most applications – it's about which sources are delivering the highest quality hires who stick around and contribute to your company's success.

3.1 Quality by Source: Where Are Your Stars Coming From? Start by looking at the performance and retention rates of hires from different sources. Are your best developers coming from tech meetups? Are your most innovative project managers being poached from competitors?

A SaaS company in Toronto did a deep dive into their source of hire data and found that while LinkedIn was providing the most candidates, the highest performing hires were coming from industry-specific tech forums. They shifted their recruitment strategy to focus more on these niche platforms, resulting in higher quality hires and better team performance.

3.2 Cost-Effectiveness by Source: Bang for Your Buck Now, combine your source of hire data with your cost data. Which sources are giving you the best return on your recruitment investment?

An IT services company in Dubai was spending a fortune on a high-end recruitment agency but found that their most cost-effective hires were coming from employee referrals and local university partnerships. They reallocated their recruitment budget accordingly, saving money while improving the quality of their hires.

3.3 Time-to-Hire by Source: Speed Matters In the fast-paced world of IT, vacant positions can be costly. Look at which sources are delivering quality candidates the fastest.

A fintech startup in San Francisco found that while job boards were providing a steady stream of candidates, the interview-to-offer process was much faster for candidates from tech hackathons. They started sponsoring and attending more of these events, significantly reducing their time-to-hire for critical tech positions.

The Bottom Line: It's All About the Big Picture

Phew! We've covered a lot of ground, haven't we? The key takeaway here is that measuring ROI in IT recruitment isn't about any single metric – it's about looking at the big picture.

By going beyond the basic cost-per-hire and diving into quality of hire, retention rates, and source effectiveness, you'll get a much clearer picture of how your recruitment efforts are really paying off. And armed with these insights, you can make smarter decisions about where to invest your precious recruitment resources.

Remember, in the world of IT, your people are your most valuable asset. Investing the time to truly understand your recruitment ROI isn't just number-crunching – it's a strategic move that can give your business a serious competitive edge.

So, what do you think? Are you ready to take a deeper look at your IT recruitment ROI? Trust me, your future self (and your bottom line) will thank you. Now go out there and hire some tech superstars – and make sure you can prove it was worth every penny!

[promotecryptosites]

Top 10 Crypto Advertising Company 2024

A business's reputation and visibility are critical factors that determine its success. Every sector is affected by this axiom, but the crypto world is particularly affected. While it can be difficult to make your brand stand out from the plethora of other initiatives that are similar, experienced Crypto advertising company and PR agencies have a wealth of experience that can help you achieve this aim. 

The typical services of a digital marketing and PR agency are: 

Social media marketing is crucial for broad audience reach and community building. 

Content marketing drives brand awareness and website traffic.

Influencer marketing harnesses the influence of key figures in the blockchain space for sponsored content or events. 

Email marketing is a smart and cost-effective strategy for building relationships with your customers.

Community building, through forums and events, strengthens customers’ loyalty and amplifies the brand’s presence.

Certain Crypto marketing agency offer services that are not included in this exhaustive list. Which firm is a true specialist in promoting recognition and building a favorable reputation is the crucial question. In order to help cryptocurrency startups gain traction and market share, this evaluation reveals the top PR and crypto advertising company.

1. 7Search PPC

7Search PPC, the leading pay-per-click ad network, helps crypto businesses thrive with it’s cutting-edge crypto advertising company. Choosing us as your publishing partner can also be a game-changer for your website or blog and convert your traffic into real cash without a hassle.

2. Ptoken

Ptoken is a marketing and consulting firm that helps Web3 companies outperform their rivals. This crypto advertising company has more than five years of experience in the cryptocurrency sector and is well-represented in Europe and Australasia, with locations in London, Zurich/Zug, Seoul, Dubai, and Melbourne.

3. 2PMarketing

Being an agile full-cycle crypto advertising agency, 2PMarketing creates unique marketing tactics that appeal to FinTech and blockchain enterprises. 

4. Outset PR

Leading the way in crypto ads media engagement, Mike Ermolaev, is the CEO of Outset PR, a vibrant digital marketing and PR firm. 

5. Wachsman 

Wachsman ensures that their clients' communications are effective in the tech-savvy media landscape by fusing traditional financial competence with DeFi and FinTech.

6. LaunchIT 

LaunchIT is a marketing and PR agency helping promote crypto sites and FinTech startups boost their brand awareness.

7. MarketAcross

MarketAcross is a key player in blockchain PR and marketing. It provides end-to-end promotional services, achieving high efficiency through personal relations with influential editors and writers.

8. LeanMarketing.Crypto

LeanMarketing.Crypto is a blockchain marketing agency offering a range of marketing services for DeFi projects.

9. Token Agency

Token Agency offers a comprehensive suite of PR and marketing services tailored for success in the advertise crypto business.

10. Melrose PR

Melrose PR is a crypto-focused marketing agency, steering Web3 companies toward communication success.

Conclusion:

In 2024, the Crypto advertising company landscape has witnessed significant growth, with numerous companies vying for attention and market share. The top 10 crypto advertising companies of this year have demonstrated innovation, reliability, and effectiveness in promoting blockchain projects, cryptocurrencies, and related services. As the crypto industry continues to evolve, these companies will play a crucial role in shaping its future by providing cutting-edge advertising solutions to businesses and investors worldwide.

FAQs (Frequently Asked Questions):

Q1. What criteria were used to determine the top 10 crypto advertising companies?

Ans. The top 10 crypto advertising companies were selected based on factors such as reputation, track record, client satisfaction, innovation, reach, and effectiveness of advertising campaigns.

Q2. Are these companies suitable for all types of crypto projects?

Ans. While the top 10 companies cater to a wide range of crypto projects, it's essential for businesses to research each company's strengths, specialties, and target audience to determine the best fit for their specific needs.

Q3. How can I choose the right crypto advertising company for my project?

Ans. To choose the right crypto advertising company, consider factors such as your project goals, target audience, budget, and the company's expertise in reaching your desired market segment.

Q4. What types of advertising services do these companies offer?

Ans. The top 10 crypto advertising companies offer a variety of services, including display advertising, social media marketing, influencer partnerships, content marketing, email marketing, and more. They may also provide specialized services such as ICO/STO promotion, community management, and PR campaigns.

Q5. Are these companies regulated?

Ans. Regulations surrounding crypto advertising vary by region, and it's essential for businesses to ensure compliance with relevant laws and guidelines. While some of the top crypto advertising companies may adhere to industry best practices and self-regulatory measures, it's crucial to conduct due diligence and seek legal advice if needed.

Q6. How can I measure the success of my advertising campaign with these companies?

Ans. The success of a crypto advertising campaign can be measured using various metrics such as website traffic, conversions, engagement rates, brand awareness, and ROI (Return on Investment). Most advertising companies provide analytics and reporting tools to track the performance of campaigns and optimize strategies accordingly.

[prwizard]

Trackier Wins Best AdTech Startup at IDEA Awards 2024 Powered By Entrepreneur India

Trackier, the developer of subscription-based affiliate management and tracking software, bagged the Best AdTech Startup title at IDEA Awards 2024, hosted by Entrepreneur India in Bengaluru. Held on March 9 at Sheraton Grand, Bengaluru, the event was graced by over 500+ professionals from diverse industries including eCommerce, AdTech, Mobile Tech, and FinTech.

Filtered among over 100 nominations, Trackier was selected as the most innovative and game changing startup in the AdTech categories by the jury presided by some of the pioneers in entrepreneurship, namely Rupessh Goel, MD, Head of Credit Administration, India, Silicon Valley Bank, Manoj Agarwal, Managing Partner, Seafund, Ruchi Deepak, Co-founder, Acko and Founder & CEO, Airlooms, and Ritu Marya, Editor-in-Chief, Entrepreneur India & APAC.

The jury highlighted not only Trackier’s firm grip on the Indian AdTech turf but also its global ambitions, recognizing its potential to disrupt the AdTech landscape on a larger scale with its cost-effective SaaS-based platform and unmatched customer support in the industry. With a repeat order rate of over 70%, Trackier is a household name for over 1,500+ brands and agencies all over the world.

The award was received on stage by Trackier Co-Founders Udit Verma and Hemant Mann. Talking about the latest feather in their cap, Udit Verma said, “This win couldn't have been possible without the commendable work done by our team since the time we were incorporated. Also, a special mention to my friend and the visionary leader of Trackier, Faizan Ayubi, whose leadership and his never-say-die attitude that led us on to this stage. This award isn’t a destination, but a springboard for even greater achievements. We're excited to see what the future holds for Trackier!”

Trackier offers a full-suite of affiliate management tools catering to the performance marketing, mobile marketing, and iGaming industries. Starting off with performance marketing software, the company expanded into the MMP and iGaming domain, witnessing a growing demand for homegrown software in India. With its latest launch last year, the Delhi-based firm further solidified its place as a major player in the Indian marketing tech space, establishing itself as a one-stop shop for performance-driven marketing needs.

Commenting on the future plans of Trackier, Hemant Mann, CTO & Co-Founder of the company, said, “2024 is going to be an exciting year for Trackier in terms of product development. With AI innovations coming up at rapid pace in the marketing industry, Trackier aims to leverage the technology at best to integrate cutting-edge AI functionalities into our platform, optimizing affiliate marketing for our clients. Also, everyday we’re adding new integration partners to pull marketers out of data silos and give them a whole picture of their marketing efforts with a unified marketing stack.”

Trackier was founded in 2016 by three Delhi Technical University graduates Faizan Ayubi, Udit Verma, and Hemant Mann. The company is currently one of the few bootstrapped profitable AdTech startups in India, walking side by side with many international contemporaries.

About Trackier

Trackier is a SaaS-based startup, headquartered in Delhi, India with over 75 team members. The company offers subscription-based attribution tracking and partner management platform to brands, ad networks, agencies, and affiliate networks. It primarily caters to the performance marketing, mobile marketing and iGaming industry. Aside from India, Trackier has offices in the US, Singapore, and Dubai.

[brillmindz1]

How do I build a financial management app?

As customers keep on grapple with monetary financial uncertainty about by the approaching downturn, planning applications have turned into a well known method for following costs and save money. As per the review, the main 10 money arranging applications saw a typical 56% expansion in downloads throughout the course of recent years. It has made personal finance app development highly profitable.

Probably, the best model is Mint - an application that has turned into the true norm in the fintech business. In the beginning, it was only a venture tracker with a couple of choices, and presently it has changed into a simulated intelligence -enabled financial counseling stage with 25 million clients.

Personal Finance App Market Review

Whether planning, wanting to take care of obligation or monitoring your credit, your financial life needs continuous control. Furthermore, what could be more helpful for this reason than a mobile application that anyone can introduce on a cell phone or tablet? This accessibility has established that mobile applications, not web versions, have turned into the most promising segment in the finance business. Today, pretty much every client has installed at least one banking or financial application on their mobile device.

Although money the board procedures are very complex, present day finance applications make them a lot more straightforward and more clear. Unsurprisingly, the personal finance app market is growing at a CAGR of 5.7% and will reach almost $1.49 billion by 2026. These predictions produce popularity for individual finance application development before long.

Also read: Mobile app development company in Dubai

What Do Customers Expect From Personal Finance Apps?

When figuring out some way to construct an individual finance application and send off it, you should consider the base arrangement of highlights expected by the market. Nonetheless, to make it onto the FinTech software list of competitors, you should address clients' issues somewhat more than they expected. How precisely? We should examine the good to-have highlights that  might motivate clients to pick your finance solution over your rivals.

Data visualization

Infographics, graphs, and dashboards are vital for a planning application since they attract attention and dazzle clients. Likewise, showing information in charts and infographics makes the data justifiable and sensible. Look at the utilitarian dashboard in Airthings, where Important's designers assisted the Norwegian tech company to picture air quality information in a user-friendly interactive format.

Gamification

An individual finance mobile application like Mint isn't intended to be entertaining. But it doesn’t have to be boring. Gamification involves game-like elements in a budgeting app to encourage engagement. You can add elements like a points system, prizes, and achievements to keep clients intrigued and stimulate cost savings or something different.

Also read: Best mobile app development company in abu dhabi

Take a gander at our case, where Relevant’s group gamify Kaizo's administration stage for help groups. Our designers laid out a scalable and maintainable arrangement with dazzling UI/UX. The gamification of client care prompted expanded client inspiration and improved engagement.

Strong security and standards compliance

In any sort of application, delicate information must be secured. Be that as it may, security is particularly fundamental in a planning application since it has direct admittance to a client's financial accounts. According to this survey, financial/banking data is the kind of data people fear losing control over the most. For that reason high security is an unquestionable necessity for a planning application.

Integration with banks and payment systems

The conspicuous benefit of a planning application is the capacity to interface every one of your accounts together. Because of this comfort, an application can cover and screen all client finances in a single spot. Be that as it may, the planning application should uphold integration with different banks and payment systems to get this going.

AI-powered financial assistance

Utilizing man-made intelligence, you can convey profound experiences into financial  training with ideas and proposals to effectively control their costs to arrive at objectives. Besides, computer based intelligence technology can consequently classify costs and show an all holistic image of which category clients spent more cash on. It permits you to altogether customize your finance application and be in front of the opposition.

Also read: Mobile app development companies in uae

What Highlights The Individual Finance Application Should Have in 2024?

In this section, we present the elements of individual finance applications that are major to applications of this kind and will assist you with figuring out how to construct an individual finance app, a budget app like Mint. What elements will be high demand in 2024?

Analytics and reports

Utilizing this feature, clients can monitor their financial exercises to appropriately oversee and set aside their cash. Because of efficient information, clients can get everyday, week by week, month to month, and yearly reports to see pay, costs by category, outlines of payees, gauges, and so forth.

Synchronization

Clients of a planning application will maintain that all their cash should be accessible open on a similar computerized stage to see data and information about their financial situation. Your application must sync all user accounts, debit and credit cards, etc., to get the relevant information. This permits shoppers to see information and information from all accounts in one digital climate and better deal with their spending plan.

Registration and account creation

Any application begins with enrolling and making a account. Yet, with regards to finances, authorization and security require exceptional consideration. The best practices for protecting delicate client information are two-factor validation, finger impression or voice acknowledgment, and the age of a one of a kind security code.

Notifications and alerts

This feature is expected for the financial application, so we prescribe adding it to the usefulness. Be that as it may, ensure the updates are opportune and non-intrusive. You can likewise think about other pop-up message situations, for instance, informing your clients when their objectives are met or reminding them to remain on spending plan.

[bizbeeinsights]

Virtual Staffing company in Dubai

Bizbee Insights is a VIRTUAL STAFFING services provider based in Dubai, UAE. We are a team of talented and seasoned individuals dedicated to getting the best outcomes attainable. With a global client base of 100+ customers, we have been providing services across numerous business verticals such as Trading, FMCG, Retail, Real Estate, Hospitality, Public Sector, Education, Fintech, Manufacturing, Plastics & Polymer, Automobile etc. With a team size of more than 60 people, we excel in providing virtual staffing solutions that best fits to customers’ needs.

[jumaalmajid]

Emerging Trends Shaping Business Groups in Dubai: Exploring the Evolving Landscape in 2023

Let us take a closer look at a few of the emerging trends that are changing the face of Dubai's businesses. These will be the trends that will shape the business groups in Dubai in 2023. So let's dive into the world of innovation, growth, and new opportunities. 

AI, AR, and VR: The Game Changers Redefined

Business organisations established in Dubai are at the cutting edge of innovation. They are using AI to its full potential to open up new worlds of opportunity. Imagine automation tools that easily interact with current systems, predictive algorithms that can forecast market trends, and AI-powered chatbots that can converse in a human-like manner. Businesses now have the ability to make decisions based on data thanks to these developments.

Yet there are other developments that are reshaping the corporate scene in Dubai. Technologies like augmented reality (AR) and virtual reality (VR) are exhilaratingly elevating client interaction. Imagine being able to digitally tour a luxury residence before it is even constructed, wander through its sumptuous interiors, and take in its breathtaking vistas. This is the real estate sector's potential for AR and VR. In the tourist industry, customers can start a virtual journey, exploring exotic destinations.

The Rise of Fintech 

First on the list are the digital economy and fintech platforms. Business groups in UAE are seizing the opportunities presented by the digital economy and fintech platforms. Dubai's business landscape is witnessing a powerful collaboration between traditional businesses and fintech startups. This unique partnership is revolutionising the way financial services are delivered, making them more accessible, efficient, and secure.

The World of BPO

The Business Process Outsourcing (BPO) industry is expanding in Dubai as well. Dubai has developed into a desirable centre for BPO services because of its advantageous location and well-established infrastructure. Commercial organisations are taking advantage of this advantage by outsourcing non-essential tasks like IT support and customer service, reducing costs, boosting scalability, and concentrating on key skills.

Sustainability is in style.

Dubai's corporate organisations place a high value on sustainability. Companies in Dubai are incorporating sustainability into their operations as the globe shifts toward more sustainable practices. Business organisations are crafting a more sustainable future for everybody by lowering their ecological footprint, promoting clean energy alternatives, and stressing social responsibility.

Rising Sectors

Dubai's luxury tourist industry is booming, and commercial organisations are leveraging this development. Companies are responding to the sophisticated needs of luxury visitors and offering exceptional guest experiences by investing in upmarket hospitality services, luxury resorts, and high-end shopping experiences.

Not least among other changes, the education sector is being transformed by technology and services. In order to improve remote learning, upskilling, and individualised educational experiences, business groups in Dubai are investing in cutting-edge digital platforms. Companies that embrace technology are influencing the direction of education and preparing people for the digital age.

Conclusion 

Dubai's business groups are embracing emerging trends to drive growth, innovation, and sustainability in 2023. With a focus on the digital economy, AI, AR/VR, biotechnology, BPO, sustainability, luxury tourism, and education technology, these groups are leading the way in shaping the economic landscape of Dubai and contributing to the growth and prosperity of the UAE as a whole. So buckle up and get ready to witness the dynamic and ever-evolving business scene in Dubai!

[emeriobanque]

JPMorgan Chase & Co (NYSE:JPM), a multinational financial services corporation headquartered in the United States, has partnered with six Indian banks to develop a blockchain-based platform for the settlement of interbank dollar transactions.

Aiming to compete with the likes of Singapore, Hong Kong, the Abu Dhabi Global Market (ADGM), and the International Financial Centre (IFC) in Dubai, the Indian government is taking steps to improve GIFT City, the Gujarat International Finance Tec-City.

Putting Your Eggs in Blockchain

Kaustubh Kulkarni, JPMorgan’s senior country officer for India and vice chairman for the Asia Pacific region, recently stated in an interview that the company would be starting a pilot project over the coming weeks and months to study banks’ experiences. In addition to JPMorgan’s own banking unit, he mentioned many other major private lenders present at GIFT City. These included HDFC Bank Ltd. (NS:HDBK), ICICI Bank Ltd. (NS:ICBK), Axis Bank (NS:AXIS) Ltd., Yes Bank Ltd. (NS:YESB), and IndusInd Bank Ltd. (NS:INBK).

Also, the banking behemoth intends to leverage blockchain technology to expedite monetary transactions. Settlement now takes some time to complete due to the procedures currently in use. With blockchain, however, these transactions may take mere seconds to finalize.

Kulkarni claims that JPMorgan wants to implement blockchain technology so that business can be conducted 24/7/365. These deals would be executed immediately. The financial institutions in GIFT City could also keep their own local time and opening hours.

The International Financial Services Centre Authority has also given their approval. On Monday, JPMorgan will launch a test project based on the Onyx blockchain. JPMorgan’s Onyx, a blockchain-based network for wholesale payment transactions, went live in the year 2020.

Industry experts and analysts are optimistic about the potential impact of this collaboration. They believe that the integration of blockchain technology will streamline processes, enhance efficiency, and reduce costs in the Indian banking sector. Additionally, it is expected to bolster the country’s position as a global fintech hub and attract further investments in the digital economy.

JPMorgan’s collaboration with Indian banks on blockchain technology highlights the growing importance of partnerships between global financial institutions and domestic players. As blockchain continues to gain traction worldwide, such collaborations serve as catalysts for innovation, driving the transformation of traditional banking systems into more agile, secure, and customer-centric platforms.

The future of the Indian banking sector looks promising with the incorporation of blockchain technology. As JPMorgan and Indian banks embark on this transformative journey, it is anticipated that other financial institutions will follow suit, further accelerating the adoption of blockchain in India and across the globe.

Originally published at https://www.emeriobanque.com.