During the Business Engineering Forum recently held in St. Gallen, Switzerland, cashcloud AG, a start-up based in Luxembourg that created the mobile eWallet “cashcloud” was awarded the 2014 Banking IT Innovation Award. Cashcloud convinced the jury with its “visionary implementation” and features “that reach far beyond the typical elements of a traditional eWallet”. This year the Banking IT Innovation Awards 2014 were given to cashcloud, Commerzbank, Fidor Bank and UBS.

Olaf Taupitz, Head of Product and Innovation at cashcloud, explains: “We are particularly proud to have won the 2014 Banking IT Innovation Award. It rewards our innovative strength and the strategic direction of our company. We are currently developing new capabilities that will give the Wallet exceptional and innovative features, which will allow it to stand out even more among the competition.”

Cashcloud’s innovative approach to the development of a mobile electronic wallet linked to a payment system is dedicated to ease of use via a mobile-centric approach, providing the best possible user experience. The cashcloud application offers additional services such as the integration of coupons or virtual currencies linked to other mobile payment solutions (online, NFC, social media, P2P payments).

Moreover, cashcloud is also listed among the finalists of the Financial Innovation Awards 2015 by PaymentEye and Bobsguide that will take place on March 18 in London, confirming the startup’s place among the leading European innovators in the field of electronic payments.
“EBRC allowed us to simplify and accelerate our launch, freeing up time so we could focus on the operational development of cashcloud, says Olaf Taupitz. We deployed an initial environment for our development team that has demonstrated its efficiency and reliability. In a second phase, the start of production took place on EBRC’s infrastructure, which natively offers the security and compliance levels that are appropriate for our business. In EBRC, we found a trusted partner and necessary catalyst for our innovation.”

Cashcloud, innovative payment

The EBRC environment, which combines the advantages of highly available and secure full managed, cloud and security services with certified Tier-IV Data Centres, is ideal for FinTech companies including those who operate in the ePayment and eMoney sectors.

“On the occasion of the Money2020 Forum that just ended in Las Vegas, we noticed the sector’s dynamism and the constant effervescence of electronic payment solutions or crypto-currencies that are competing with new innovations, says Alexander Duwaerts, Client Development Director at EBRC. Since 2011, EBRC has been engaging in this market by offering its “TrustedCloudEurope” that allows start-ups to take advantage of secure production infrastructure that is fully compliant with existing regulations (Professional of the Financial Sector, PCI-DSS Level 1, ISO 27001, ISO 20000, among others). We go even further with our “TrustedServicesEurope” offering, which supports the operating processes of these young companies. We are directly involved in their development and accompany them in their conquest of these new markets. It is exciting to take part in this adventure that will completely upend the payment system in Europe and the world.”

More information about the IT-Banking Innovation Awards 2014
More information about the Financial Innovation Awards 2015