First Global Establishes PayQwik™ FINTECH Labs

First Global Data (TSXV:FGD) has announced the establishment of PayQwik™ FINTECH Labs.
As quoted in the press release:

The intent of the lab is to create innovation and disruption in the FINTECH space. The lab will provide a sandbox environment to explore new FINTECH ideas in areas including but not limited to cybersecurity, network risk management, and electronic currencies with the objective of building a Darwinian ecosystem that thrives in a competitive environment.
PayQwik™ FINTECH Labs will also focus on patenting the innovative technology that the Company has developed and is developing. To this end, the Company has engaged an intellectual property consultant with an extensive track record in the patent space.
We are pleased to announce the appointment of Bobby Athwal as our Intellectual Property Management and Strategy Consultant and member of our Advisory Board.
Mr. Athwal is a business and technology attorney with experience in engineering and intellectual property law.  Specializing in implementing IP Management and Strategy, Bobby has worked closely with both early stage and Fortune 500 Tech companies, advising on securing and enforcing patent rights both domestically and abroad. Bobby has experience in cloud computing, technology-based financial service industries.  Mr. Athwal has developed close relations with some of the largest telco’s in South East Asia and successfully brokered a number of joint venture’s between Canadian and South East Asian companies, particularly in Malaysia and Singapore. Bobby will focus on protecting the Company’s core technologies to drive profit, improve market position and create new long-term revenue streams for the Company.

Click here to read the full press release.