JPMorgan to sell customer transaction data to advertisers

Re:JPMorgan to sell customer transaction data to advertisers by TRDRVR on Wednesday April 03, 2024 @03:51PM (#39922199)

There are “people who improperly use data that’s being given to them, like Plaid,” Dimon told analysts. [0]

Amazing how openly CEO's like Dimon will fear-monger about start-ups, when in reality they're just not satisfied with their own team's progress in doing the same exact thing. But of course it's OK when they eventually launch the product.

[0]https://www.finextra.com/newsarticle/37293/dimon-scared-shit...

[ Parent | on HN ]

Re:JPMorgan to sell customer transaction data to advertisers by hakfoo on Thursday April 04, 2024 @11:41PM (#39938471)

Plaid wouldn't exist if there had been practical open banking APIs.

Remember their original use case was to offer third-party services something with a little more guiderails than "enter your ACH info and cross your fingers" and a little less clumsy than "we'll take that info and make some test deposits that you have to read back to confirm it's your account."

[ Parent | on HN ]