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JPMorgan Tells Fintechs to Pay Up for Customer Data Access

Markets

Evan Weinberger, Paige Smith

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July 11, 2025

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Bloomberg

JPMorgan Chase & 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 information – a move that threatens to upend the industry’s business models.

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