JPMorganChase and Plaid have announced an extension of their data access agreement, allowing customers to continue accessing financial products that require sharing consumer-permissioned data. The renewed agreement maintains the partnership between the two companies, focusing on secure and consistent access to banking data for users.
The new agreement includes a pricing structure and sets out commitments from both firms to ensure safe, quick, and reliable data access. Both companies also plan to invest in technology and innovation to further improve how consumers connect with their financial information.
“JPMorganChase has a long history of working with Plaid and we’re excited that partnership will continue and the open banking ecosystem will continue to thrive. Today’s announcement will ensure that our customers can continue to quickly, safely, and securely access their financial data for years to come and stay connected to the products they rely on every day.” –Melissa Feldsher, Head of Consumer Payments at JPMorganChase
“We have always believed consumers should have the right to access and share their own financial data, and JPMorganChase has been a partner in that effort. This extended agreement ensures ongoing access for the millions of Chase customers who rely on Plaid every day to connect with the products and services they trust.” –Eric Sager, Plaid COO
The extension does not affect existing customer agreements or pricing for Plaid users. Both companies have worked together over several years so that JPMorganChase customers can use various tools for personal finance management, payments, and investments.
Plaid is based in San Francisco and connects with more than 12,000 financial institutions across North America and Europe. The company works with over 7,000 businesses—including fintech firms, crypto companies, large corporations, and major banks—to help people manage their finances.
JPMorganChase is one of the largest banks in the United States.
For more information about this announcement or media inquiries:
Drew Pusateri (JPMorganChase): drew.pusateri@chase.com
Freya Peterson (Plaid): fpetersen@plaid.com