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Halal Economy Leadership Forum 2024 Riyadh: IsDB, HPDC and HDC’s Collaboration to Spearhead Innovation for Global Halal Industry
RIYADH, Saudi Arabia, May 6, 2024 /PRNewswire/ — The Halal Economy Leadership Forum 2024 (HELF 2024) held recently in Riyadh, Saudi Arabia, set the stage for a momentous gathering of industry leaders, policymakers, and experts to advance discussions on the Halal Economy—a vital cornerstone of global commerce. Hosted jointly by the Halal Development Corporation (HDC), the Halal Products Development Company (HPDC), and Islamic Development Bank (IsDB), the event featured the significance of fostering collaboration and driving innovation in the halal industry.
The forum was attended by His Excellency Datuk Wan Zaidi Wan Abdullah, the Ambassador of Malaysia to the Kingdom of Saudi Arabia, representing Malaysia’s Minister of Investment, Trade and Industry, The Hon. Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz. Also attended were President of IsDB, H.E. Dr. Muhammad Al Jasser, Mr. Fahad S. AlNuhait, Chief Executive Officer of HPDC and Chairman of HDC, Mr. Khairul Azwan Harun. This line-up showed the shared commitment of Malaysia and Saudi Arabia towards advancing the principles and values of the Halal Economy.
The Halal Economy, rooted in Islamic ethics and jurisprudence, spans across diverse industries such as food and beverage, pharmaceuticals, cosmetics, finance, and tourism, offering vast opportunities for economic growth and sustainable development. Malaysia, a global leader in the halal industry, has positioned itself as a hub for halal excellence through strategic initiatives and partnerships, facilitating trade and investment between the East and the West.
This strategic partnership aims to leverage the collective expertise and resources of the organizations involved to drive innovation, facilitate trade, and promote economic development within the halal industry across 57 Member Countries and Non-member Countries.
Quoting Tengku Datuk Seri Utama Zafrul’s speech read by H.E Datuk Wan Zaidi, he emphasized the importance of collaboration in advancing the halal economy, stating, “This tripartite collaboration signifies a significant step forward in our efforts to strengthen the halal ecosystem and promote inclusive economic growth among IsDB Member Countries and beyond.”
Part of the HELF 2024, a Business-to-Business (B2B) networking session hosted by the HPDC was held for the Malaysian delegates. Both the B2B and HELF 2024 managed to achieve its target to help the industry players gain insights and acquire knowledge on Halal, as well as sourcing or securing new strategic partnerships for businesses. Among the countries that show interest in getting HDC’s expertise are Nigeria, Pakistan, Mauritius, Morocco, Rwanda, and South Africa.
The outcome of this collaboration is to offer IsDB Member Countries and non-member countries the best solutions in the Halal Ecosystem Development & Enablement. This includes utilizing financial instruments available to address intra-trade deficits and capitalize on potential markets. The forum also outlines joint efforts to develop a high-quality halal products ecosystem and analyze successful halal ecosystem models and market solutions.
Photo – https://mma.prnewswire.com/media/2404960/HELF_2024.jpg
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French fintech Lydia launches digital banking app Sumeria
Lydia, a prominent French fintech company known for its innovative financial solutions, has taken a significant leap forward with the launch of its new digital banking app, Sumeria. This development marks a strategic expansion for Lydia as it continues to redefine the financial landscape in Europe and beyond.
About Lydia
Since its inception, Lydia has been at the forefront of fintech innovation in France, providing users with seamless and user-friendly payment solutions. The company has built a strong reputation for its mobile payment app, which allows users to send and receive money, pay for goods and services, and manage their finances with ease. With millions of users and a robust platform, Lydia is well-positioned to venture into the digital banking space.
Introducing Sumeria
Sumeria is Lydia’s latest offering, designed to cater to the growing demand for comprehensive digital banking solutions. The app aims to provide users with a full suite of banking services, all accessible from their smartphones. Key features of Sumeria include:
- Personal and Business Accounts: Sumeria offers both personal and business accounts, enabling users to manage their finances efficiently. The app supports a range of functionalities tailored to meet the needs of individual users and small to medium-sized enterprises (SMEs).
- Intuitive Interface: True to Lydia’s commitment to user experience, Sumeria boasts an intuitive and easy-to-navigate interface. Users can quickly access account information, transaction history, and various banking services with just a few taps.
- Comprehensive Financial Tools: Sumeria provides a range of financial tools designed to help users better manage their money. Features such as budgeting, expense tracking, and personalized financial insights empower users to make informed financial decisions.
- Security and Privacy: Lydia places a high priority on security, and Sumeria is no exception. The app incorporates advanced security measures, including biometric authentication and end-to-end encryption, to ensure that users’ financial data is protected.
- Integrated Payments: Leveraging Lydia’s expertise in payments, Sumeria integrates seamless payment solutions, allowing users to send and receive money instantly, pay bills, and make purchases directly from the app.
Strategic Implications
The launch of Sumeria represents a strategic move for Lydia, positioning the company as a formidable player in the digital banking arena. By expanding its product offering, Lydia aims to capture a larger share of the market and meet the evolving needs of its users. This initiative also reflects a broader trend in the fintech industry, where traditional payment service providers are evolving into comprehensive financial service platforms.
Market Impact
Sumeria’s entry into the market is poised to have a significant impact. With its user-centric design and robust feature set, the app is likely to attract a diverse user base, from tech-savvy millennials to SMEs seeking efficient banking solutions. Moreover, Sumeria’s integration with Lydia’s existing payment infrastructure provides a seamless transition for current Lydia users, further boosting its adoption.
Future Prospects
Looking ahead, Lydia plans to continually enhance Sumeria by adding new features and expanding its services. The company’s focus on innovation and customer satisfaction will be key drivers of Sumeria’s growth. Additionally, Lydia’s potential to scale Sumeria across other European markets presents a substantial opportunity for further expansion.
Source: fintechfutures.com
The post French fintech Lydia launches digital banking app Sumeria appeared first on HIPTHER Alerts.
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