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."