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> Does anyone know if Amex does something similar? If Chase does this successfully, we can expect every other bank to follow suit.
by dctoedt 3y ago
> Does anyone know if Amex does something similar?
If Chase does this successfully, we can expect every other bank to follow suit.
- xetsilon 3y agoI use to work at a regional bank and I remember being in discussions on how to do this in 2017-2018. It didn't take a genius to figure out that banking data is quite valuable. Honestly, I assumed given those meetings that this was already common practice with selling to data brokers. Those "how to do this" meetings were not technical. "How to do this without causing a PR shitstorm" would have been a working meeting title. I guess it was all shelved until the 2000lb gorilla bank said lets do it. Or it was just being done quietly previously. With JPM moving on this a bank will not be able to afford to not.