JP Morgan Chase Partners with Envestnet Yodlee on Secure Data API

On December 9, 2019, JP Morgan Chase and data aggregation fintech Envestnet Yodlee announced a partnership to enhance customer data security and transparency. Under the agreement, Envestnet Yodlee is required to route 100% of Chase customer data requests through the bank's token-based API, eliminating the practice of users sharing their banking usernames and passwords with third-party financial apps. Customers gained a new transparency feature allowing them to view all apps accessing their financial data directly within the Chase mobile app or online banking portal.

Envestnet Yodlee CEO Stuart DePina described the partnership as foundational groundwork for broader API connectivity across the U.S. financial ecosystem. The deal reflects a growing industry trend toward secure, bank-controlled open banking infrastructure rather than screen-scraping methods. Financial terms were not disclosed, but the partnership signals a significant step in how major U.S. banks manage fintech data access.