This result is a big blow to the UK’s micro-business sector and I think that a lot of people will be very concerned about what the future will hold.

It was clear during the run up to the referendum that the overwhelming majority of micro-business owners and freelancers were in favour of the UK remaining in the EU, and that they did not think a ‘Brexit’ would be beneficial for their own businesses or the economy in general.

The UK, led by London, has rapidly become a global centre for Financial Technology innovation. With an estimated 500 FinTech companies in the UK, Brexit will cost the taxman around five billion pounds* over the course of the next ten years, following the inevitable exit of the FinTech companies themselves. As well as London being a global financial hub, the UK offers specific regulatory benefits, that when combined with a massive pool of talent have made the UK the natural choice to be located both from a European perspective and for some companies, even as a global base.

Profile Software, a leading financial solutions provider, announced today that T.C.R. International Ltd, a fast-growing Cypriot wealth and fund manager, selected IMSplus, its award-winning investment management platform, to effectively manage their full processes of their wealth management activities.

 Fiserv, Inc, a leading global provider of financial services technology solutions, has launched a platform for the delivery of real-time alerts, enabling financial institutions to meet growing expectations among consumers and small businesses for information that is timely and actionable.

SS&C Technologies Holdings, Inc., a global provider of financial services software and software-enabled services, announced the appointment of Will Entwistle, Senior Vice President, SS&C Institutional and Investment Management. Mr. Entwistle brings extensive experience building world class sales and relationship management organizations at Interactive Data Corporation and IBM Corporation.

Accenture and Automation Anywhere, a global provider of robotic process automation (RPA), are working together to deliver enterprise-grade RPA solutions to organizations that automate business processes, enabling operations to be scaled faster and more cost-effectively, while increasing performance accuracy.

Bank guarantees are a vital feature of many sectors of business, but are costly to manage and all too easily mislaid or found to be riddled with inaccuracies that render them invalid.

Why is that? To a large extent it is because paper still predominates, making it difficult for businesses to stay on top of the guarantees relating to all their projects.

In commercial property, guarantees are often a basic requirement in leases, where they give landlords security against potential loss from tenant defaults.

NYMBUS, the world's first complete, full-stack, API-driven core processing platform, announced today the acquisition of Sharp BancSystems, Inc. (SBS), a Texas-based software provider founded in 1987.

Vonage reports that Dave Pearson, CFO, has received the prestigious CFO Innovator Award from CFO Studio.