JPMorgan Chase (JPM) has notified financial technology companies it will start charging a fee for access to their clients' bank data, Bloomberg reported Friday, citing unnamed people familiar with the matter.

The bank has sent pricing sheets to data aggregators, highlighting the new charges, the report added, citing the people.

The charges vary based on how companies use the information, with a higher fee tied to payments-focused firms, the people told the news outlet.

The aggregator companies have been in discussions with JPMorgan about the charges, another person told Bloomberg, adding that there have been concerns about the number of times aggregators request client data.

JPMorgan did not immediately respond to MT Newswires' request for comment.

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