⛓️Segregated bank accounts allow FinTech companies to hold their clients’ funds separately from their circulating assets. A FinTech business that opens a segregated account with a bank guarantees that no funds belonging to the bank or the FinTech company will be held on that account. Having this type of account means that the FinTech company will never combine its clients’ assets with those of its own or use client funds to fulfill any of its financial obligations.
What are the advantages of segregated accounts❓
🔸Enhanced security
🔸Financial protection of client funds
🔸Improved transparency
🔸Risk management
🔸Legislative compliance
🔸Greater loyalty
💡Find out more https://lpb.lv/en/articles/segregated-bank-accounts/
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