Innovative new firm leveraging hyperWALLET’s global payment expertise.
Hong Kong, February 15, 2011 – hyperWALLET, a leading provider of global payment solutions, today announces its partnership with InvestLab, a Hong Kong-based provider of financial technology and services for the global investing market.
InvestLab has created the world’s first on-demand global trading platform and coupled this with a comprehensive social investing web service. The offering is unique in the industry because of its cloud delivery model, content, pricing, scale and extensibility. Through InvestLab, brokerage service providers and wealth managers can go global in just a few weeks versus the average of six to eight months. In addition, firms can realize 70-90% cost savings in implementation and operating costs.
To support this new global offering, hyperWALLET will be providing InvestLab with real-time foreign exchange spot pricing and global money transfer capabilities, at a significant cost advantage to traditional transfer services. In a subsequent phase, hyperWALLET will provide further services around account funding at the level of the individual customer and provide global payment capabilities for InvestLab’s innovative application store.
“InvestLab is one of the most exciting companies in the financial technology space and has targeted a broad range of financial institutions that are currently poorly serviced by existing vendors,” says Lisa Shields, CEO of hyperWALLET. “The addition of hyperWALLET into their trading support solution gives InvestLab a competitive advantage around cross-border payments and will make their overall proposition significantly more compelling.”
Mark Munoz, CEO of InvestLab also points out, “Software as a Service (SaaS) and Platform as a Service (PaaS) models have already changed the fundamental nature of the software industry and we now have the opportunity to bring this innovative model to the financial services industry. At the same time, we are going to allow millions of new investors, from around the world, to realize their ambitions to intelligently trade global markets.”
Munoz adds, “With the launch of our social investing site, www.tradepop.com, we think we are one-step closer to achieving this goal.”
To contact hyperWALLET and arrange for interviews, please address all queries to Pethner Chinn (pchinn@hyperwallet.com)
About hyperWALLET
http://www.hyperwallet.com
hyperWALLET delivers secure, global-grade payment technologies to organizations who require a simplified way to access or leverage the global financial network. Since 2000, we have become a leading provider of online and mobile payment, international payments, card products and financial technology solutions to world-class customers in Canada, the U.S. and internationally. With hundreds of customers (including more than 200 credit unions) that touch millions of users, our clients span numerous sectors including financial services, business and government.
About InvestLab, Inc.
www.investlab.com
Founded in 2010 with offices in Hong Kong, San Francisco, and Connecticut, InvestLab provides on demand financial technology that enables brokerage firms and wealth managers to reach global markets. InvestLab provides a first for the financial services industry; an on-demand global trading platform coupled with a comprehensive social investing web service. InvestLab’s software as a service (SaaS) and platform as a service (PaaS) offering is highly disruptive to the current financial technology industry and is already gaining significant interest in major markets. For more information about InvestLab, visit www.InvestLab.com or email info@investlab.com
