Washington, DC, September 10, 2021 – The Financial Technology Association (FTA) applauds the recent Federal Reserve report supporting responsible innovation through partnerships between community banks and financial technology companies. We agree with Federal Reserve Board Governor Michelle W. Bowman that fintech partnerships with community banks can enhance the services that they deliver and ensure the ongoing vibrancy of banking in the United States. We are encouraged by the increasing numbers of regulatory efforts to support further collaboration between banking institutions and fintechs, which we believe will result in a more inclusive and diverse financial services sector.