16. PEACE, JUSTICE AND STRONG INSTITUTIONS

PNC Considers Charging Fintechs for Access to Customer Data – Bloomberg

Written by Amanda

PNC Financial Services Group Inc. is considering charging financial-technology companies for access to valuable customer data, following the lead of JPMorgan Chase & Co., Chief Executive Officer Bill Demchak said.

The bank is in “discussions” to determine what actions to take, Demchak said Wednesday during a second-quarter earnings call with analysts.

Source: bloomberg.com

About the author

Amanda

Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai