Financial Technology Association (FTA), a trade body for the technology-centered financial services industry, announced on Monday that Klarna, Truework, Nium, and Sezzle have become its newest members.
As previously reported, FTA said it believes the successful integration of Fintech solutions in the American financial system starts with the adoption of national policies that recognize the importance of responsible innovation and encompass a coherent vision on key priorities. Daniel Gorfine, FTA Senior Policy Advisor, recently revealed:
“Technology-driven innovation is transforming the way we offer, access, and benefit from financial services and markets in the United States. This organization will focus on proactively shaping regulations, policy frameworks, and public understanding in order to safeguard consumers and advance the development of trusted, digital financial markets and services.”
FTA revealed that the new members joined by a commitment to drive greater financial inclusion, equity, and opportunity and to advance consumer-centric regulatory frameworks that safeguard consumers and facilitate responsible innovation. Gorfine shared more details about the members by stating:
“These new member companies will strengthen the FTA’s ongoing efforts to not just tell, but show how fintech can solve policy challenges and improve financial outcomes. FTA welcomes their global perspective and commitment to shared core principles, which include promoting fair, responsible, and accessible financial services.”
Milan Dalal, FTA Senior Government Relations Advisor, then added that the new members will help advance the organization’s advocacy efforts.
“We’re thrilled to have these four highly-respected companies that span the fintech ecosystem join the FTA, which is dedicated to advancing policies that provide important consumer protections while facilitating safe, inclusive, low-cost, and equitable products and services.”