Plaid to Pay JPMorgan for Customer Data Amid Industry Feud

September 15, 2025

Plaid Inc. agreed to pay JPMorgan Chase & Co. for its consumer data, the latest accord in a battle between financial technology firms and banks over who can access the sought-after information. The largest US bank and Plaid, which connects apps with bank accounts, updated a data-sharing agreement with a set pricing structure, according to people familiar with the matter, who asked not to be identified discussing nonpublic information.

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