--- title: "Meaning & Key Takeaway of: With customers' permission, fintech firms…" description: "\"With customers' permission, fintech firms have increasingly turned to data aggregators to 'screen scrape' information from financial accounts. In such ..." image: "https://sms4smile.com/quotes/i/044/jerome-powell-7353_bank_with-customers-permission-fintech-firms_3100301.jpg" --- # With customers' permission, fintech firms have… ![“With customers' permission, fintech firms have increasingly turned to data aggregators to 'screen scrape' information from financial accounts. In such cases, data aggregators collect and store online banking logins and passwords provided by the bank's customers and use them to log directly into…” quote by Jerome Powell](https://sms4smile.com/quotes/i/044/jerome-powell-7353_bank_with-customers-permission-fintech-firms_3100301.jpg) [Download](https://sms4smile.com/quotes/i/044/jerome-powell-7353_bank_with-customers-permission-fintech-firms_3100301.jpg) [Open image](https://sms4smile.com/quotes/i/044/jerome-powell-7353_bank_with-customers-permission-fintech-firms_3100301.jpg) > “With customers' permission, fintech firms have increasingly turned to data aggregators to 'screen scrape' information from financial accounts. In such cases, data aggregators collect and store online banking logins and passwords provided by the bank's customers and use them to log directly into the customer's banking account.” [Jerome Powell](https://sms4smile.com/quotes/author/jerome-powell/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Fintech firms use data aggregators to screen‑scrape banking data with customer consent, storing credentials to access accounts directly. **In simple terms:** Fintech relies on aggregators to pull banking data using customer passwords. Key Takeaway Ensure strong security when sharing banking credentials. Themes fintech data privacy security customer consent Mood cautious concerned Type ethical practical When to use this quote - online banking - financial services - regulatory compliance Key Concepts cybersecurity data aggregation Questions to Reflect On - What safeguards protect stored credentials? - Is consent truly informed? A Different Perspective Aggregators create single points of failure for security. ★ ★ ★ ★ ★ No ratings yet [Customer](https://sms4smile.com/quotes/about/customer/) [Data](https://sms4smile.com/quotes/about/data/) [Log](https://sms4smile.com/quotes/about/log/) ## Related quotes > [The iPad is creating a new format for reading content. 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