Nov 14 (Reuters) - JPMorgan Chase ( JPM ) has secured

deals that will ensure it receives payments from fintech

companies for access to its customer bank account data by

third-party apps, CNBC reported on Friday, citing sources

familiar with the matter.

The agreements were struck with data aggregators including

Plaid, Yodlee, Morningstar and Akoya, Drew Pusateri, a JPMorgan

Chase ( JPM ) spokesperson, told Reuters.

Data aggregators are intermediaries who link banks with

fintech firms. They previously accessed customer account data

from banks such as JPMorgan ( JPM ) without paying for it, enabling

fintech apps to offer services like budgeting and payments - an

arrangement that drew criticism from lenders concerned about

data security and fair compensation.

"The free market worked. After productive conversations with

our aggregator and fintech partners, we've come to agreements

that will make the open banking ecosystem safer and more

sustainable - and allow customers to continue reliably and

securely accessing their favorite financial products," Pusateri

added.

The deals follow weeks of talks between the largest U.S.

bank and the aggregators, with JPMorgan ( JPM ) agreeing to a lower fee

than initially proposed and fintech intermediaries securing

concessions on how data requests are handled, the CNBC report

added.

The Consumer Financial Protection Bureau's (CFPB) "open

banking" rule, introduced last year under the Biden

administration, set standards for data sharing between fintechs

and banks, enabling consumers to move personal financial data

between providers at no cost.

Banks, facing potential losses, swiftly criticized the rule,

arguing it risked consumer data security and overstepped the

agency's authority, while fintech firms welcomed it, saying it

would enable secure sharing of consumer data.

The CFPB kicked off a do-over of its "open banking"

regulations in August, amid public pressure from fintech firms

and crypto entrepreneurs.

The Trump administration had initially sided with a banking

industry call to scrap the regulations entirely, claiming they

exceeded the agency's legal powers, before changing tack earlier

in the year, citing "recent events in the marketplace."