Court backs Australian fintech firm Finder’s financial compliance
Australian Federal Court has dismissed a lawsuit brought by the Australian Securities and Investments Commission (ASIC) against Finder Wallet, a subsidiary of the prominent Australian fintech firm Finder.com. The court found that Finder’s yield-bearing product, Finder Earn, was compliant with financial laws, thereby rejecting ASIC’s claims of regulatory non-compliance. Court upholds Finder’s compliance ASIC had…