Client Background
The client is a leading fintech firm in KSA providing integrated payments services with an aim to continuously provide new and innovative technologies and digital experiences
Business Problem
- The client required a robust strategy and roadmap for launching innovative fintech products and to expand the business in adjacent geographies
- The client required assistance in conducting competitor, technology and product analysis and develop complete solutions for fulfilling compliance/regulatory requirements
- The client required assistance in restructuring the organization in a way that is effective, adaptive, and provides a strong foundation to scale at an accelerated pace
Solution Overview
- Acuvon developed a 5-year strategy plan by understanding internal capabilities, the fintech market landscape at global and regional level, and the regulatory requirements of KSA. The plan included a comprehensive outline of:
- Products and their launch roadmap
- Governing policies and procedures associated with the product portfolio and launch requirements
- Business and Operating model
- Competitor analysis across the entire financial ecosystem along with key learnings from their journey
- Acuvon delivered on multiple projects in record time, helping the client take advantage of being the first mover in KSA:
- Understood and created the entire compliance requirement tracker per the norms defined by the regulatory authorities
- Corporate governance framework and Board committee charter
- Engagement framework for key stakeholders
- Acuvon studied various organizational structures of companies in fintech, e-commerce, and technology (product) and developed an organizational structure for the client customized per the suggested business model, operating model, and skill profile of its employees
Business Impact
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The engagement helped the client in partnering with the right firms to execute the product pipeline for FY`20
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The engagement helped the client to become the first company in KSA to successfully apply for Electronic Money Issuance license issued by the Central Bank