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 This decision could
JPMorgan Chase to Charge Fintechs for Customer Data Access Fintechs like PayPal and Block may soon have to pay for access to banking customers’ data if JPMorgan Chase proceeds with plans to impose access fees Financial technology firms have been central in the digital banking zeitgeist, with many banks and credit unions partnering with third parties to offer services ranging from credit score monitoring to crypto transactions While many fintechs
Fintechs blast JPMorgan over data fees | Payments Dive Fintechs blast JPMorgan over data fees The largest U S bank says it will begin charging the firms to access customer financial data amid an open banking court battle
JPMorganChase to charge data aggregators for customer data The nation's largest bank is planning to implement fees for access to data that has traditionally been provided free of charge Data aggregators and fintechs accused JPMorgan of exploiting regulatory uncertainty and raising prices for consumers