JPMorgan and fintechs clash over customer data access in a digital banking landscape.
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JPMorgan Shocks Fintechs by Charging for Customer Data Access Amid 1.89 Billion Monthly Requests

In a bold move that has sent shockwaves through the fintech and crypto industries, JPMorgan Chase has begun requiring financial technology firms to pay for access to customer banking data. This decision comes as the bank faces an overwhelming 1.89 billion monthly data requests from fintech aggregators, raising critical questions about data ownership and monetization […]