The bank has signed updated contracts with the fintech middlemen that make up more than 95% of the data pulls on its systems, including Plaid, Yodlee, Morningstar and Akoya. The milestone is the latest twist in a long-running dispute between traditional banks and the fintech industry over access to customer accounts.
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JPMorgan Chase wins fight with fintech firms over fees to access customer data
"We've come to agreements that will make the open banking ecosystem safer and more sustainable and allow customers to continue reliably and securely accessing their favorite financial products," said JPMorgan spokesman Drew Pusateri.
