JPMorgan Chase & Fintechs Ink Deals for Open Banking

JPMorgan Chase forges new deals with fintech companies, ensuring payment for data access and promoting a safer open banking system. These agreements, involving Plaid, Yodlee, Morningstar, and Akoya, follow negotiations and concessions from both parties. The deals stem from the Consumer Financial Protection Bureaus open banking rule, aiming to standardize data sharing between fintechs and banks. The rules implementation and subsequent re-evaluation reflect the evolving landscape of financial data sharing and the balance between innovation and consumer protection.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.