Sector Update: Financial

MT Newswires10minutes ago

Sector Update: Financial Stocks Decline Friday Afternoon

MT Newswires03:06

Market Chatter: JPMorgan Wins Deal to Charge Fintech Firms for Customer Data Access

MT Newswires02:47

JPMorgan Chase (JPM.US) has reportedly reached a payment agreement with a fintech company.

According to a report by CNBC on Friday, JPMorgan (JPM.US) has reached a new agreement with major data-sharing intermediaries to ensure that the bank is compensated when third-party applications request customer account information. Bank spokesman Drew Pusateri stated that the updated contracts cover most fintech intermediaries, including Plaid, Yodlee, Morningstar, and Akoya. He noted that these arrangements aim to strengthen the open banking ecosystem while maintaining secure and reliable application access. According to reports, after weeks of negotiations between JPMorgan and the intermediaries, the bank agreed to lower its pricing.

AASTOCKS01:33

UnitedHealth, Nike Share Losses Contribute To Dow's 175-Point Drop

MarketWatch00:50

Moody's Upgrades Its Outlook on Banks But Flags Deregulation as Risk -- Barrons.com

Barron's00:44