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Finnish Fintech startup Cloudasset scores two category wins and a Grand Prix Special Prize in a prestigious e-Payments Challenge by Worldline

09-23-2019 05:05 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: CloudAsset

Cloudasset in E-Payments Challenge, Frankfurt. Photo by Worldline

Cloudasset in E-Payments Challenge, Frankfurt. Photo by Worldline

Cloudasset, a Helsinki based Fintech company, competed in Worldline’s E-Payments Challenge beside 26 Fintechs from around Europe. Cloudasset was awarded the most number of awards per company in the Worldline E-Payments Challenge this year including the Worldline’s Grand Prix Special Prize.

Worldline, the European leader in the payment and transactional services industry, hosted a three-day Worldline E-Payments Challenge hackathon from 17th-19th September in Frankfurt, Germany.
The challenge presented an outstanding opportunity to co-create the future of payments with some 150 participants from Fintech start-ups, Worldline experts and leading enterprises across Europe such as BNP Paribas, E5mode, Accor hotels, OP Financial Group, Conduent, Erste Group, Market Pay Commerzbank and others. Top 26 EU based Fintech’s were selected from amongst hundreds of initial candidates within the European Fintech community. The finalists were given a unique opportunity to engage and innovate the next chapter of the e-payments arena currently taking shape.

The hackathon consisted of 16 customer challenges from different industries and markets. Each Fintech could participate in a maximum of three challenges, with the challenge setting customer and jury deciding the winner in each challenge.
P3 platform, Cloudasset’s digital payment platform, won the award for the “In-Store Instant Cards Issuing In-App” challenge set by BNP Paribas, for a Co-branded App allowing instant credit card issuing. Combined with a mega retailer’s loyalty program schemes and Cloudasset’s mWallet, the solution delivers a new technological edge to consumers and businesses around Europe.
P3 also won the award in the “Try Now Buy Later” challenge set by E5-mode, a fashion retailer looking to offer more to its customers by providing them a carefree consumer experience during their in-store and online buying process.
On top of the two category wins, the organizers also presented Cloudasset a Grand Prix special prize for overall performance and future potential.

Hasan Malik, CEO of Cloudasset commented,

“We were delighted to have been chosen to participate in the Worldline challenge. The team worked extremely hard and we are very happy that our efforts met with such success. We look forward to deepening our partnership with Worldline for the company's growth and globalization effort.”

Vilma Valtonen

Tallberginkatu 1
00180 Helsinki

Cloudasset is a Finland based Technology Innovator that develops Cloud Native Platforms for Digital Payments, Big Data, Social and Mobile Technologies to create unique products & solutions to address the challenges of today’s digital economy.
Our platforms integrate Cloud First/ Mobile-First technologies with proprietary data management, data processing and data analytics tools to develop flexible platforms that meet the ever-dynamic needs of our customers.
P3 is a Fintech platform featuring an interactive payment service for the modern era, painlessly connecting sellers and buyers.
The platform offers a comprehensive suite of tools and services, enabling institutions to quickly set up a state-of-the-art payment environment, which includes payment acceptance & processing, digital wallets and digital MPOS (Mobile Point of Sale) solutions for a variety of business types and market demands.

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