Should banks charge for access to consumer data?
JPMorgan, PNC, ABN AMRO consider charging fintechs for access to consumer data
Amid an uncertain future for open banking, varying views on data sharing could pose a setback. JPMorgan, for one, is asking for data sharing companies to pay for access to consumer data, Chief Executive Jamie Dimon said in his annual letter to shareholders in April. According to the Banking Policy Institute, it’s costly for banks […]
