Segregated bank accounts are helpful for all manner of businesses, but particularly those bound by strict regulations, such as investment funds, insurance companies, brokers and payment service providers – in other words, modern FinTech players. A payment institution cannot secure a financial service provider’s license without maintaining segregated accounts. How does it work? Imagine a triangular arrangement of three parties – a FinTech company, its customer, and a bank. In this triangle, the bank operates…
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