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PNC considers charging fintechs for access to customer data

Demchak is following the lead of JPMorgan Chase

Bloomberg NewsbyBloomberg News
July 16, 2025
in Retail Banking
Reading Time: 2 mins read
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PNC Financial Services Group Inc. is considering charging financial-technology companies for access to valuable customer data, following the lead of JPMorgan Chase & Co., Chief Executive Officer Bill Demchak said. The bank is in “discussions” to determine what actions to take, Demchak said Wednesday during a second-quarter earnings call with analysts. JPMorgan has sent pricing […]

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