JPMorgan Tells Fintechs They Have to Pay Up for Customer Data JPMorgan Chase amp; Co has told financial-technology companies that it will start charging fees amounting to hundreds of millions of dollars for access to their customers’ bank account
JPMorgan to charge fintechs for customer data access JPMorgan Chase has announced plans to implement fees for access to customer bank account data, potentially amounting to hundreds of millions of dollars, reported Bloomberg
JPMorgan tells fintech firms to start paying for customer data JPMorgan tells fintech firms to start paying for customer data The move to charge data aggregators fees totaling hundreds of millions of dollars threatens to upend business models across the industry
JPMorgan Chase to Charge Fintechs for Customer Data Access While many fintechs have thrived in this ecosystem, much of their success has hinged on one key factor: free access to customer data According to Bloomberg, Chase recently distributed pricing sheets to data aggregators —companies like Plaid that connect banks with fintechs—detailing how it plans to charge for data access
CFPB Official Questions JPMorgan Fees for Customer Data Access CFPB had asked judge to vacate Biden-era open banking rule JPMorgan charging data aggregators, fintechs for data access At least one political appointee at the Consumer Financial Protection Bureau is raising concerns about fees JPMorgan Chase Co plans to charge data aggregators and financial technology companies for accessing customer data