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Lamha Disrupts Education Industry with a Different Approach to Knowledge Consuming and Ecosystem Creation for Others Platforms and Creators

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Amman, Jordan–(Newsfile Corp. – February 9, 2023) – Lamha, the innovative educational startup in the Middle East and North Africa (MENA) region, has made a major stride in disrupting the education industry with its recent exclusive contract with Headway, one of the largest educational audio content providers globally. This partnership will allow Lamha to reach even more people with its unique approach to learning, providing users with access to information efficiently through its app.



Lamha

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Lamha offers a platform that helps users obtain information in 15 minutes or less through its cleverly written digests called Glimpses, which break down content into central arguments. The app, has over 100,000 downloads,10,000 daily active users, more than 2,000 book summaries, and 200 content partners

Lamha’s mission is to utilize knowledge and make it accessible to everyone; its design is intended to provide lifelong education for knowledge seekers. The company is proud to help busy people fit learning into their lives and is being used by a diverse group of people, including active people including entrepreneurs.

Lamha has already received recognition for its creative approach, winning several awards and accolades in the startup and education sectors. The app has been praised for its commitment to accessibility and affordability, making education and knowledge available to people from all walks of life.

With its ever-growing library of content and its focus on quality, Lamha quickly becomes a go-to resource for lifelong learners and knowledge seekers. As the app continues to grow and expand its offerings, it will likely impact the education industry significantly, disrupting the traditional learning model and opening up new avenues for knowledge and growth.

Mohammad and Hasan Abu Sheikh founded the application; the two young brothers who aim to disrupt the current ancient educational systems and put a new educational system better suited for the time and tech we live in today. They saw the opportunity to help set up a new well-built ecosystem for the educational system for a better learning experience and quality for the masses. They had a passion for education and a drive to make knowledge accessible to everyone. Despite initial challenges, including self-funding and gaining the trust of content creators, Abusheikh’s dedication and hard work paid off as the company eventually acquired investors who believed in its mission.

Despite the success, Lamha faced several challenges, including getting content creators to trust their model and partner with them and self-funding the company for some time. However, the founders’ hard work and dedication paid off as the company eventually acquired investors who believed in its mission. Lamha now has a competent team of writers and experts and has been able to build a tech and production infrastructure.

Lamha’s success has not gone unnoticed in the education industry. With its visionary approach to learning and its focus on efficiency, Lamha is focused on changing how people learn and access information in the MENA region and beyond.

In conclusion, Lamha’s creative approach to education has the potential to transform the way people learn and access information in the MENA region and beyond. With its unique approach to summarizing content, commitment to accessibility, and focus on quality, Lamha aims to disrupt the educational industry and make a lasting impact on the world of learning.

Mohammad extends his heartfelt gratitude to all those who have supported, mentored, and believed in him throughout his journey. He wishes to acknowledge the invaluable contributions of his investors, Yousef Salem, Hamad Malik, and others. He especially acknowledges the exceptional guidance and mentorship of Abdallah Abusheikh. Without his unwavering support and advice, the successful growth and development of Lamha would not have been possible.

About Lamha

Lamha, the disruptive educational app, proudly announces its latest achievements and milestones in the industry. With its unique approach to learning and its commitment to accessibility, Lamha has changed how people access information and grow their knowledge.

Media details:
Company Name: Lamha LTD
Email: [email protected]
City: Amman
Country: Jordan

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/154270

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Central banks and the FinTech sector unite to change global payments space

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The BIS, along with seven leading central banks and a cohort of private financial firms, has embarked on an ambitious venture known as Project Agorá.

Named after the Greek word for “marketplace,” this initiative stands at the forefront of exploring the potential of tokenisation to significantly enhance the operational efficiency of the monetary system worldwide.

Central to this pioneering project are the Bank of France (on behalf of the Eurosystem), the Bank of Japan, the Bank of Korea, the Bank of Mexico, the Swiss National Bank, the Bank of England, and the Federal Reserve Bank of New York. These institutions have joined forces under the banner of Project Agorá, in partnership with an extensive assembly of private financial entities convened by the Institute of International Finance (IIF).

At the heart of Project Agorá is the pursuit of integrating tokenised commercial bank deposits with tokenised wholesale central bank money within a unified, public-private programmable financial platform. By harnessing the advanced capabilities of smart contracts and programmability, the project aspires to unlock new transactional possibilities that were previously infeasible or impractical, thereby fostering novel opportunities that could benefit businesses and consumers alike.

The collaborative effort seeks to address and surmount a variety of structural inefficiencies that currently plague cross-border payments. These challenges include disparate legal, regulatory, and technical standards; varying operating hours and time zones; and the heightened complexity associated with conducting financial integrity checks (such as anti-money laundering and customer verification procedures), which are often redundantly executed across multiple stages of a single transaction due to the involvement of several intermediaries.

As a beacon of experimental and exploratory projects, the BIS Innovation Hub is committed to delivering public goods to the global central banking community through initiatives like Project Agorá. In line with this mission, the BIS will soon issue a call for expressions of interest from private financial institutions eager to contribute to this ground-breaking project. The IIF will facilitate the involvement of private sector participants, extending an invitation to regulated financial institutions representing each of the seven aforementioned currencies to partake in this transformative endeavour.

Source: fintech.globa

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TD Bank inks multi-year strategic partnership with Google Cloud

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TD Bank has inked a multi-year deal with Google Cloud as it looks to streamline the development and deployment of new products and services.

The deal will see the Canadian banking group integrate the vendor’s cloud services into a wider portion of its technology solutions portfolio, a move which TD expects will enable it “to respond quickly to changing customer expectations by rolling out new features, updates, or entirely new financial products at an accelerated pace”.

This marks an expansion of the already established relationship between TD Bank and Google Cloud after the group previously adopted the vendor’s Google Kubernetes Engine (GKE) for TD Securities Automated Trading (TDSAT), the Chicago-based subsidiary of its investment banking unit, TD Securities.

TDSAT uses GKE for process automation and quantitative modelling across fixed income markets, resulting in the development of a “data-driven research platform” capable of processing large research workloads in trading.

Dan Bosman, SVP and CIO of TD Securities, claims the infrastructure has so far supported TDSAT with “compute-intensive quantitative analysis” while expanding the subsidiary’s “trading volumes and portfolio size”.

TD’s new partnership with Google Cloud will see the group attempt to replicate the same level of success across its entire portfolio.

Source: fintechfutures.com

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MAS launches transformative platform to combat money laundering

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The MAS has unveiled Cosmic, an acronym for Collaborative Sharing of Money Laundering/Terrorism Financing Information and Cases, a new money laundering platform.

According to Business Times, launched on April 1, Cosmic stands out as the first centralised digital platform dedicated to combating money laundering, terrorism financing, and proliferation financing on a worldwide scale. This move follows the enactment of the Financial Services and Markets (Amendment) Act 2023, which, along with its subsidiary legislation, commenced on the same day to provide a solid legal foundation and safeguards for information sharing among financial institutions (FIs).

Cosmic enables participating FIs to exchange customer information when certain “red flags” indicate potential suspicious activities. The platform’s introduction is a testament to MAS’s commitment to ensuring the integrity of the financial sector, mandating participants to establish stringent policies and operational safeguards to maintain the confidentiality of the shared information. This strategic approach allows for the efficient exchange of intelligence on potential criminal activities while protecting legitimate customers.

Significantly, Cosmic was co-developed by MAS and six leading commercial banks in Singapore—OCBC, UOB, DBS, Citibank, HSBC, and Standard Chartered—which will serve as participant FIs during its initial phase. The initiative emphasizes voluntary information sharing focused on addressing key financial crime risks within the commercial banking sector, such as the misuse of legal persons, trade finance, and proliferation financing.

Loo Siew Yee, assistant managing director for policy, payments, and financial crime at MAS, highlighted that Cosmic enhances the existing collaboration between the industry and law enforcement authorities, fortifying Singapore’s reputation as a well-regulated and trusted financial hub. Similarly, Pua Xiao Wei of Citi Singapore and Loretta Yuen of OCBC have expressed their institutions’ support for Cosmic, noting its potential to ramp up anti-money laundering efforts and its significance as a development in the banking sector’s ability to combat financial crimes efficiently. DBS’ Lam Chee Kin also praised Cosmic as a “game changer,” emphasizing the careful balance between combating financial crime and ensuring legitimate customers’ access to financial services.

Source: fintech.global

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