Airwallex, a global financial platform, has successfully secured its Markets in Financial Instruments Directive (MiFID) licence from the Dutch Authority for the Financial Markets (AFM). As a result, the company is gearing up to launch Airwallex Yield. This new product aims to help European businesses generate returns on idle finances.
This significant milestone for Airwallex involves the acquisition of the MiFID license. It’s a mandatory requirement for companies providing investment services across the European Economic Area (EEA). Consequently, it lays the groundwork for the platform to expand its financial services in the region.
Airwallex’s mission revolves around empowering businesses to operate anywhere, anytime. The launch of Airwallex Yield in the Netherlands marks a crucial step towards this goal. It provides businesses with a chance to maximise profits by intelligently using idle assets.
What is Airwallex Yield?
Airwallex Yield is an added-value service that enables businesses to generate returns on their idle funds. In traditional settings, these funds would remain unutilised in a business’s account. But, with Airwallex Yield, companies can put those funds to work, potentially enhancing their overall financial performance.
The achievement of securing the MiFID license is significant for Airwallex. It shows the platform’s dedication to complying with regulatory standards and providing secure financial services. Moreover, it indicates the company’s ambition to grow its presence in the European market and offer innovative financial solutions to regional businesses.
Offering businesses a chance to earn returns on idle funds is a game-changer. It not only allows companies to maximise potential profits but also encourages financial efficiency. Airwallex Yield stands as a testament to the company’s commitment to fostering business growth and financial stability.
The decision by Airwallex to offer this service comes at a time when businesses seek ways to optimise finances amidst global pandemic-induced economic uncertainties. By providing a service to generate returns on idle funds, the company positions itself as a prominent financial solution provider in the European market.
