Iwave Inc.

Iwave Inc. builds, integrates and supports software for financial institutions, with most of its work in payments, card processing and stock trading. The company says its specialty is mission-critical applications and that it has been building such systems for more than twenty years. A representative office in Manila, incorporated in the Philippines as Intelligent Wave Philippines, Inc., supports the group's regional work.

Switching and card processing software

Much of the product range is built around moving money between banks, merchants and card issuers. ATMPack is an ATM switching system that the company describes as suited to high-volume processing for large banks, with settings configurable enough for smaller institutions. SWITCHPack is a UNIX-based transaction switching application that sits between merchants and card issuers, sending each request to the correct network for authorisation between hosts. The p3 Portable Payment Processor handles the posting of recurring credit card payments. CASAPack, CCPack, ASMS and ICS complete the banking group, and OTP Master provides one-time passwords for security.

Stock brokerage and trading systems

BrokeragePack is presented as a complete stock trading suite that lets brokers and their clients automate trading and work over the internet. It has three parts: a stockbrokers' management system, a trader's system and a web trading module. The company says the suite helps brokers and clients get more from their trading activity through automation and connectivity.

Integration, consulting and training

Services sit alongside the products. Iwave offers hardware and software system integration, project management, software development and implementation, and staff augmentation, where its engineers work within a client's team. Maintenance is offered in corrective, adaptive, perfective and preventive forms. Consultancy covers analysis of existing software to find areas to improve, preparation of requirements and design documents, and test strategies that keep quality consistent. The company also lists cyber security and secure identification and capture among the areas where it works. Classroom-style training draws on the knowledge the company says it built over years of projects.

Its stated markets are banks and other financial institutions, along with manufacturers, retailers and other businesses that want to use wireless, blockchain, artificial intelligence, Internet of Things and big data technologies to improve how they operate.