PYMNNTS: JPMorgan Ups Security By Blocking FinTechs From Passwords

As a way to get users’ passwords “out of the system,” the lender will disburse tokens to third parties, embedded with limited data, Bill Wallace, Chase’s head of digital, told FT. JPMorgan chief executive officer (CEO) Jamie Dimon had anticipated risks from data sharing and relayed his fears in a 2016 shareholder letter.