The purpose of the RB Innovation Prize, created by Revue Banque in partnership with the FBF, is to give recognition to a stand-out innovative initiative in the areas of solidarity-based finance, business innovation and alternative payment solutions.
The RB Innovation Prize has two special features: first, it is an open competition. All the diversity and richness of innovations developed by financial fintechs are front and centre. Second, it is a people’s choice award: the online community is invited to learn more about the candidates by visiting the Revue Banque website (revuebanque.fr) and indicate their preferred innovation from among the ten nominees for the award. Voters selected Paycar and Cashway for the podium.
Founded by Vincent Marty-Lavauzelle, CEO, and Michael Waldman, PayCar delivers a secure and simple alternative to a cashier’s cheque. PayCar is a payment solution designed to facilitate the buying and selling of used vehicles. PayCar provides confidence, security and simplicity. Confidence, because the solution’s users are verified; security, because payment is secure and immediate; and simplicity, because you can do everything right from your own computer without having to go anywhere.
Founded by Olivier Jamault, Christophe Caffard and Jean-Jacques Legendre, Cashway has developed an alternative payment solution for online transactions, based on a physical point of sale network. This innovative solution allows Internet users who do not have a bank card to make online purchases.
Marie-Anne Barbat-Layani, Chief Executive Officer of the French Banking Federation (FBF), said that: “Banks are participants in the digital economy. Innovation is part of their DNA and they are the natural lead arrangers of the French digital sector. We wanted to play a role in creating this prize and to give visibility to innovative companies because the bank/fintech relationship is one that is so valuable. It’s an ecosystem with a bright future”.