Advice platform hit with cease and desist by fintech provider
Advice platform hit with cease and desist by fintech provider
A goals-based advice platform has been issued a cease and desist letter by a fintech provider alleging “substantial copyright breach”.
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Astute Wealth Advice, creators of engagement platform AstuteWheel, served the letter to Lumiant on Monday in regard to a financial health questionnaire.
Astute Wealth has alleged Lumiant’s “Lumiant Confidence Questionnaire” uses “substantially the same words as almost all of the text in AstuteWheel’s 5-minute ‘Health Check’”, which launched in 2011.
“It is extremely disappointing to discover that a financial services company appears to have copied our material,” Astute Wealth managing director, Hans Egger, said.