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An FBO Account (For the Benefit Of Account) is a specialized financial structure that serves as a cornerstone in modern fintech and banking. It is an account where funds are held by one entity, such as a fintech company, for the exclusive benefit of another party, typically the end customer. This setup ensures that client funds are segregated and managed securely under a master account, providing transparency and safeguarding the interests of the beneficiaries. As a pivotal element in fintech, FBO accounts facilitate efficient and compliant management of customer funds, playing a crucial role in the evolving landscape of digital financial services.