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Abhay Bhat

📊 THE NUMBERS DON’T LIE: JPM claims $50M in fraud losses from aggregators. Sounds scary until you realize they made $49B in H1 2025 revenue. That’s 0.05% of their income. Meanwhile, they’re charging fees that could generate $300M annually from Plaid alone.

By Abhay

On August 2, 2025

In Twitter

📊 THE NUMBERS DON’T LIE: JPM claims $50M in fraud losses from aggregators. Sounds scary until you realize they made $49B in H1 2025 revenue. That’s 0.05% of their income. Meanwhile, they’re charging fees that could generate $300M annually from Plaid alone.

— Abhay 🇸🇬🇮🇳 (@Abhay08)
Aug 2, 2025


Previous

🚨 JPMorgan just exposed the real threat to traditional banking. While Europe treats customer data as free under PSD2, JPM is charging aggregators like Plaid $1.50 per authorization + $0.05-0.20 per data request. This isn’t about infrastructure costs—it’s about survival.

Next

🇪🇺 vs 🇺🇸 TALE OF TWO SYSTEMS: •EU PSD2: Banks must provide data access “without compensation” •US approach: JPM charging per-transaction fees •Result: European fintech innovation thrives while US banks gatekeep their own customers’ data

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