On August 27, 2021, the three primary federal banking agencies published a guide to conducting due diligence on financial technology companies. The guide is intended to serve as a resource for community banks when evaluating prospective third-party relationships with financial technology (“fintech”) companies. Although the guide is directed at community banks, the due diligence steps that banks are encouraged to take also provide guidance to fintech companies on the information that fintechs may be required to provide and the standards that fintechs will be required to meet when working with community and other banks.