🎤“An essential service with BaaS is segregated accounts. Regulators in multiple countries require customer accounts to be recorded separately from a company’s current assets, and a payment institution will be unable to receive a payment services license without having segregated accounts in place,” comments Stanislavs Sinakovics, CAMS, Head of the Business Development Department at LPB Bank.
💡You are welcome to read more👉 https://lpb.lv/en/news/what-are-segregated-bank-accounts-and-who-needs-…
#fintech #baas #bankingasaservice