Glade Finance Promises unwavering Commitment Towards Customer’s Fund

Some months ago, Tech Cabal wrote a story about a financial glitch at Glade Finance. The article raised numerous questions and concerns about the security of the financial technology firm’s operations, prompting both industry experts and the general public to take notice. In response to these concerns, the CEO of Glade Inc., a prominent player in the financial technology sector, has now stepped forward to provide insights and clarity regarding the incident and related matters. This move is part of a broader effort to uphold trust and transparency in the ever-evolving landscape of financial technology.

The heart of the matter revolves around an internal breach that Glade experienced back in February 2022. This breach, as outlined in the TechCabal article, resulted from the deliberate targeting of Glade’s security systems by unauthorized individuals. This unauthorized access led to a host of concerns about the security and integrity of Glade Finance’s operations.

In the aftermath of the breach, Glade took swift action to address the situation. Security measures were bolstered to protect the safety of their clients and the integrity of the business. The breach led to significant recovery efforts and legal actions, with some of the stolen funds being successfully reclaimed. The Economic and Financial Crimes Commission (EFCC) was actively engaged in the investigation, with ongoing efforts to recover the remaining funds. Importantly, customer funds remained secure and unaffected throughout this process.

Glade Finance emphasizes the high priority placed on customer fund safety. This commitment is underlined by the implementation of advanced encryption techniques, regular security audits, and the presence of a dedicated security team. Furthermore, partnerships with regulated financial institutions ensure that customer funds are held in segregated accounts, offering an extra layer of security.

In line with their dedication to enhancing customer fund safety, Glade undertook an effort to reinforce their security systems. This involved the implementation of advanced encryption techniques to protect customer data, conducting frequent security audits to identify and address potential vulnerabilities, and maintaining a dedicated security team to monitor and respond to threats in real-time.
Glade’s response to the internal breach involved the swift termination of the employment of individuals involved. Legal actions were initiated to recover stolen funds, resulting in the arrest of accomplices and the charging of others by the EFCC.

Throughout the ordeal, Glade maintained transparency by promptly informing its investors about the breach. Contrary to what may have been suggested by TechCabal, there were no disputes between Glade and its investors. The firm made a concerted effort to ensure its investors were informed throughout the process.

One aspect that the TechCabal article touched upon was the termination of Temitope Senami-Hundeyin’s contract, also known as Tope Tunde-Alli. According to the CEO, this termination was unrelated to the February 2022 breach. Tope Tunde-Alli joined Glade Finance as the COO in March 2022 and had her contract terminated in March 2023 due to performance issues and a breach of her employment contract. The breach involved the use of company resources for her fintech startup while still being employed at Glade. Furthermore, concerns were raised regarding her management style and team leadership, which reportedly contributed to the departure of several employees. He also spoke about how she de-marketed the company to customer and advised them to stop using the services.

Glade Finance remains unwavering in its commitment to professionalism, transparency, and accountability. Their ongoing efforts include enhancing corporate governance practices, fortifying security measures, and developing innovative solutions to cater to the evolving needs of their clients and stakeholders.

In conclusion, the article by TechCabal may have presented a view of Glade Inc. that the company believes is distorted. Glade’s dedication to protecting customers, maintaining trust, and upholding transparency continues to be at the forefront of their business pursuits. They pledge to provide solutions that resonate with customers, cultivate a culture of dedication within their team, and elevate their corporate governance practices. The CEO’s response marks a significant step toward achieving these goals and addressing concerns raised in the wake of the financial glitch.