JPMorganChase and Plaid have extended their agreement for accessing consumer permissioned data.

This extension will support the safe and efficient access of products that consumers rely on for their financial needs, while also ensuring ongoing development within the Open Banking ecosystem.

The updated agreement includes a pricing structure and outlines commitments made by JPMorganChase and Plaid to ensure consumer data is handled safely, securely, quickly, and consistently in the future. Both institutions plan to invest in technological improvements to enhance data access, while also focusing on meeting evolving market needs and maintaining regulatory compliance.

Further Details of JPMorganChase x Plaid Agreement

According to the official press release, this agreement will enable customers to quickly, safely, and efficiently access their financial data for future use. It also ensures that Chase customers who depend on Plaid for product connections can continue to do so without disruption.

Both JPMorganChase and Plaid have a longstanding partnership aimed at ensuring JPMorganChase clients can connect with various necessary products and services, including personal financial management tools, payment solutions, and investment resources. The renewed contract will not affect Plaid’s existing customer agreements or pricing.