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JP Morgan to Ban Customers’ Password Access by Third Parties

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This effort seems commendable.  I'd much rather have an aggregator collect account information through an above board agreement with a data source (card issuer, etc.) than a bastardized means such as logging into my account with a password I supplied and essentially doing a screen capture of my account information ... especially if it wasn't necessary to provide a password, but instead provide appropriate identify verification that's satisfactory to the financial institution being queried.


I wonder if something like this is at play with our 401-k that's managed by ADP Retirement Services.  I've included the account at a couple of financial aggregator sites.  Updates at both of them were discontinued in October.

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On 2/15/2020 at 9:43 PM, IndyPoolPlayer said:

Hopefully this doesn't mean the end of apps like Quicken


I assume Intuit/Quicken have a similar capacity to adapt to Chase's new data-sharing protocol as Yodlee, who is identified as already being on board for the roll out.

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