JPMorgan says fintech middlemen like Plaid are 'massively taxing' its APIs (cnbc.com)

Why go public with this? If anything, this is a contractual issue between JPMorgan and the API user. API usage terms should have been spelled out in contracts.

Maybe they should design an API that doesn't require constant polling for updates? Pubsub isn't exactly new technology.

Chase just ships broken APIs. I work with Chase APIs every day through Plaid and Akoya. There are a whole list of ongoing known issues, from duplicates, to missing transactions. JPMorgan doesn’t know how to or doesn’t want to ship a proper API.

It is not difficult at all to serve 2 billion requests a month for transaction data. A single server could handle that.

This is obviously a PR play to cut out middlemen. Related accusation: https://www.thestreet.com/crypto/policy/exclusive-jpmorgan-h...