[Zaheer Abbas]

Fintech companies prioritize the security of customer data through various measures:

Encryption: Sensitive data like passwords and financial information are encrypted, rendering them unreadable to unauthorized parties.

Two-factor authentication: Additional security layers, such as a code sent to a mobile device, are often required alongside passwords to access accounts.

Regular security audits: Scheduled audits ensure that systems remain updated and resilient against evolving cyber threats.

Data minimization: Fintech firms collect minimal user data and store it securely, limiting the risk of data breaches and ensuring access is restricted to authorized personnel.

Compliance with regulations: Adherence to regulations like GDPR and PCI DSS is mandatory to safeguard customer data and maintain regulatory compliance.

Employee training: Regular security training equips employees with knowledge of the latest threats and best practices for protecting customer data.

Overall, fintech companies employ a comprehensive approach to security, utilizing various methods to safeguard customer data from unauthorized access and theft.

[Zaheer Abbas]

It’s confirmed that the partnership between Apple and Goldman Sachs will come to an end next year, as announced. Like with any termination of such affiliation deals, there are risks for both parties involved. For Apple, there might be a turnover of credit card customers who are unwilling to undergo the hassle of changing cards and account numbers. Additionally, there was a certain prestige associated with having a Goldman Sachs credit card account, which will be lost post-termination. On the other hand, Goldman Sachs stands to lose millions of potential customers to whom they could have cross-sold other financial services, along with a steady stream of interchange fee income from credit card usage. However, considering the size and diversity of their revenue streams, the impact of this loss is expected to be manageable for both companies.

[Zaheer Abbas]

The application of smart contracts and blockchain technology enables intelligent supply chain management. Smart contracts are software that executes on the network of blockchain, allowing the performance of certain operations that intermediaries on non-blockchain systems previously carried out. The details of an agreement between a buyer and a seller are encoded directly into lines of computer code in smart contracts. They can improve supply chain processes by including external factors such as market prices, demand, and crucial shipment timings. Smart contracts can be built and executed on blockchain infrastructures to improve transparency, autonomy, and dependability of supply chain processes.

Due to their decentralized nature, blockchain infrastructures ensure transparency and validation. Smart contracts can execute complicated contractual activities at numerous phases of the lifecycle management process in the supply chain, including logistics coordination, compliance aspects and contract terms of sub-businesses in cargo and more. Smart contracts enable the regulation of complicated supply chain connections in a reliable, automated, and efficient manner. Utilizing smart contracts, a vast array of blockchains, sensors, and IoT devices may be coupled to track every stage of the supply chain procedure and guarantee the monitoring and identification of supply chain information systems over their entire existence. This facilitates the automation of supply management procedures with faster delivery services, tighter delivery control, and no data loss by eliminating fraud and data violations. In the future, peer-to-peer transactions powered by a tracking ledger and the smart contract will provide visibility for suppliers, customers, and consumers.

[Zaheer Abbas]

Compliance with regulations prohibiting bribery and corruption, as well as the reduction of the risk that these behaviours entail, remains one of the most significant obstacles that businesses must surmount, both in their home markets and in foreign ones. On a worldwide scale, we are seeing an increase in the number of nations that are enacting new anti-bribery and anti-corruption legislation that is both more complex and advanced, as well as more vigorous enforcement by government authorities. In the global battle against corruption, law enforcement organisations from various nations are increasingly working with one another. In addition, an increasing number of nations are mandating that individuals be held criminally responsible for bribery-related offences.

[Zaheer Abbas]

In order to prevent criminals and terrorists from misusing the financial system, the implementation of measures known as anti-money laundering and counter-terrorist financing (AML/CFT) policies is necessary. Countries are able to contribute to the tracing and stopping of the money flows associated with severe crime and terrorism if they effectively execute these measures, which in turn helps to make society safer.

AML policies involve identifying and verifying customers and their sources of funds, as well as monitoring customer transactions for suspicious activity. Customer due diligence includes the identification and assessment of the customer’s risk profile. Additionally, banks and other financial institutions may employ technologies such as artificial intelligence to detect suspicious activity. These measures are in place to ensure that banks and other financial institutions are compliant with regulatory requirements.

[Zaheer Abbas]

Rule 5250(c)(1) of the Nasdaq stipulates that a firm may be delisted if it refuses to file its periodic financial statements with the SEC on time. However, delisting from Nasdaq is possible for several reasons, including failing to fulfil the minimum listing, maintaining the minimum bid price, and complying with securities laws, regulations and rules.

It is crucial to note that a firm may be delisted from Nasdaq for several other reasons, like failing to meet other listing requirements or being bought by another company. In addition, the delisting procedure can be lengthy, and the business might appeal the decision.

[Zaheer Abbas]

A firm must fulfill various standards, including having a certain number of shareholders and outstanding shares valued at a predetermined minimum price, to become listed on the Nasdaq. The company must continue to satisfy the minimal listing standards in order to maintain its Nasdaq listing; otherwise, it runs the risk of being removed from the Nasdaq exchange. An organization must uphold continuous standards set by the exchange to remain listed. Regardless of how long has gone by since the company’s initial offering, these standards convince investors that any firm listed is trustworthy. Failure to satisfy the market value and minimum bid price requirements are typical grounds for delisting a firm from Nasdaq.

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