Europeans could avoid paying up to £7 billion in financial charges every year thanks to digital innovation helping them better manage their finances, according to international money transfer company Azimo.

Today ClauseMatch, major financial technology company that provides software-as-a-service platform for smart document management, announced the launch and global availability of its innovative online editor. London-based ClauseMatch, a successful 2014 graduate of the inaugural Barclays Accelerator programme, shall be working with Barclays to enable the bank to manage policies and standards in one place at a global level. 

In its aspiration to provide UK TV production companies improved access to finance and enhance their ability to compete internationally, Barclays has launched a £100m fund. The fund, the first of its kind from a major UK bank, has been established with new, innovative financing products that have been designed to meet the evolving needs of the TV sector.

Allen & Overy is opening Fuse, a new tech innovation space where tech companies, Allen & Overy lawyers, technologists and their clients will collaborate to explore, develop and test legal, regulatory and deal-related solutions.

Stockholm-based FinTech company Betalo has signed an agreement with Nordea. The collaboration means that Nordea’s customers will be offered to use Betalo’s mobile payments services.

Betalo’s mobile app offers the possibility to use a card to send money abroad, transfer to Swedish bank accounts, and make bill payments. The collaboration will have Nordea marketing Betalo’s services to their 1.8 million private customers and Betalo will integrate Nordea cards into their mobile application.

Though it may prompt some UK SMES to start thinking about the implications of Brexit on their business, the triggering of Article 50 this Wednesday should be nothing to fear and if I’m honest, I don’t think it will impact small businesses. 

We can expect the pound to drop slightly following this news announcement as it will remind investors and businesses that Brexit is coming, however this dip should be just that, a temporary lull which will soon bounce back when buyers snap up the currency at a lower price.

Coupa Software, a leading provider of cloud-based spend management solutions, announced today that Pearson, the world’s learning company, has selected Coupa’s Source to Pay (S2P) solution to operationalise contracts, improve user experience and provide greater transparency. 

“We selected Coupa to help us increase effectiveness, enhance compliance and improve efficiency across the organisation,” said Daniel Cameron CPO at Pearson.