Financial technologies in Dubai: the ideal place to start your business

Dubai is becoming the world’s leading center of financial technologies thanks to its unique advantages and strategy. The city serves as a strategic bridge between East and West. This ensures access to vast and diverse markets in Asia, Africa, and Europe. More than 2 billion people reside in these regions, which makes them key for businesses striving to expand their international presence. Learn more about how establish company in Dubai, can be on our website.

In 2022 year growth world trade through Dubai constituted about 10%, underlining its significance as international hub. Companies, which open their representatives here, receive favorable tax conditions and minimal bureaucratic barriers. This makes Dubai ideal starting point for startups, wishing fast growth and development.

Challenges on way to success

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Opening a FinTech business in Dubai has its unique complexities. Regulatory requirements require a careful approach and compliance. In UAE, there exists its own legislative base that regulates market technologies. For many startups, compliance with these laws can seem a complex task. Additional information about legislative base can find here.

In 2023 year was registered more 500 FinTech-startups, and many of them noted complexity regulatory procedures as main challenge. Nevertheless, government actively supports innovation and entrepreneurship, creating conditions for growth and adaptation business.

Licensing: key to success

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Dubai International Financial Centre (DIFC) – one from most popular free economic zones for FinTech-companies. Here was recorded growth in registered firms by 15% in the past year, which underlines its popularity. DIFC offers unique conditions and its own legal regime, which simplifies the process for foreign companies.

  • Office in zone DIFC – obligatory condition.
  • Registration company and obtaining licenses – the first step on the way to success.
  • Compliance norms countering money laundering and financing terrorism.

With additional information about Dubai International Financial Centre can familiarize on Wikipedia.

Data protection and confidentiality

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Laws about protection personal data in UAE are some from most strict in world. According researches, conducted in 2022 year, about 80% companies in country conduct trainings on protection data for their employees. This important for building trust between FinTech-companies and their clients.

Successful examples on market

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Companies such as Beehive demonstrate that compliance with regulatory requirements can become the foundation for success. A platform for crowdfunding could integrate into the Dubai ecosystem, receiving approval and support from local authorities. Learn more about support from local authorities on their official site.

In 2022 year, thanks to active cooperation with state structures and strict compliance legislation, turnover “Beehive” grew more than by 25%.

How launch FinTech-business in Dubai

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  1. Conduct detailed research market and determine your niche.
  2. Develop a business plan and prepare all necessary documents.
  3. Consult with local experts and lawyers to understand regulatory requirements.
  4. Establish connections with government bodies and partners.

Correct strategy and preparation will help you integrate into profitable Dubai ecosystem. According forecasts analysts, in near five years growth sector FinTech in region will constitute about 20% in year, what underlines its huge potential.

Automobile safety in numbers: how TPMS protects from surprises on the road

With the development of automobile technologies in the last decades, the introduction of system control pressure in tires (TPMS) became an integral part of ensuring safety on the road. More than 80% of new automobiles on the world market today are equipped with this system, monitoring the condition of tires and warning about dangerous deviations in pressure. According to statistics, TPMS can reduce the probability of accidents related to punctured tires by 55%. Visit Autio Battery Hub in case you need expert flat tyre service.

Evolution technologies: system control pressure in tires (TPMS) on guard safety

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With the development of automobile technologies in the last decades, the introduction of system control pressure in tires (TPMS) became an integral part of ensuring safety on the road. More than 80% of new automobiles on the world market today are equipped with this system, monitoring the condition of tires and warning about dangerous deviations in pressure. According to statistics, TPMS can reduce the probability of an accident related to punctured tires by 55%.

Mechanisms work TPMS: types and features

  • Direct TPMS: This system uses sensors inside each tire, which in mode real-time transmit information about pressure on the central computer automobile. The accuracy of such systems reaches 99.9%, which makes them irreplaceable for drivers-novices and experienced automobilists.
  • Indirect TPMS: Working through analysis data from ABS, this system evaluates changes in speed rotation wheels to detect drop pressure. Although it is less accurate, its accuracy makes up about 90%, which allows use even without additional sensors.

Reasons false warnings: when TPMS needs help

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After puncturing and repairing the tire, TPMS can still issue warnings. Disassemble main sources in such situations:

  1. Incorrect installation sensors: According to data research, up to 20% of false warnings caused exactly this factor.
  2. Need calibration: When replacing or repairing tires, the system requires updating data to correspond to the current settings of the automobile.
  3. Differences in pressure: Even a small difference in 1-2 PSI between tires can cause activation signal TPMS.
  4. Errors in software: Updates software can eliminate up to 15% of problematic situations related to false signals.

How to restore work TPMS after replacements and repairs

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  1. Check and adjust the pressure according to the factory settings of your automobile.
  2. Restart system, using provided manufacturer elements management, helps eliminate warnings in 70% of cases.
  3. Exact calibration TPMS after each operation with tires allows avoid false activations and increases reliability system up 95%.
  4. Inspect sensors on subject damage or incorrect installation. Consultation with specialists increases service life sensors by 30%.

Anti-lock system brakes (ABS)

Lessons in practice: errors users and their consequences

  • Ignoring signals TPMS can lead to catastrophic consequences, including accidents. Every fifth driver at least once faced with puncture due to underestimation signal TPMS.
  • Insufficient understanding of the functionality system often leads to unnecessary replacement tires. Understanding specific warnings, TPMS helps save up to 800 AED a year on unnecessary repairs.
  • Regular checks and preventive maintenance system increase its efficiency and reduce the number of false alarms by 40%.

Practical tips for extending the life of your TPMS

  1. Check pressure in tires every 4 weeks and before every long trip.
  2. Regularly inspect and replace sensors every 3-5 years to maintain their efficiency.
  3. Conduct calibration system after each change configuration tires.
  4. Follow updates software, which can improve functionality TPMS.
  5. In case of emergency problems, do not hesitate to contact professionals, minimizing the risks of incorrect installations.

Systems control pressure in tires

System control pressure in tires (TPMS) — not just modern technology, but key element safety. Understanding and correct use of this system can save lives and provide confidence on the road.