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MacKenzie Sigalos - 1 hasn't - 1 they've - 1 Starling - 1 Richard Davies - 1 Davies - 1 Niklas Guske - 1 — - 1
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☆ Here's what's hot — and what's not — in fintech right now
  + stars: | 2023-06-10 | by ( Ryan Browne Arjun Kharpal Mackenzie Sigalos | Ryan Browne | Arjun Kharpal | ) www.cnbc.com   time to read: +12 min
So what's hot in fintech right now? One area fintech companies are getting excited by is an improvement to online checkout tools. Callan Carvey, global head of operations at Cleo, said the firm's AI connects to a customer's bank account to get a better understanding of their financial behavior. "A job that typically would take around one or two weeks can now be completed in 30 minutes, right. Several fintech executives CNBC interviewed spoke of how they're not interested in launching products tailored to crypto as the demand from their customers isn't there.
Persons: MacKenzie Sigalos, hasn't, they've, Starling, Richard Davies, Davies, Niklas Guske, —, B2C fintechs, David Singleton, Guske, dazzled, Cleo, Callan Carvey, Carvey, Teo Blidarus, Taktile's, Hiroki Takeuchi, Takeuchi, Changpeng Zhao, they're, Jack Zhang, Zhang, Prajit Nanu, cryptocurrencies, Banks, Nanu Organizations: Bank, fintechs, CNBC, Business, Allica Bank, B2B, Tiger, Schroders Capital, Atom Bank, Schroders, U.S . Securities, Exchange Commission, SEC, U.S, cryptocurrencies Locations: Amsterdam, MacKenzie Sigalos AMSTERDAM, Netherlands, British, Atomico, U.S
☆ Brexit has added 6% to Britons' food bills, new study finds
  + stars: | 2022-12-01 | by ( Karen Gilchrist | ) www.cnbc.com   time to read: +3 min
Brexit has added more than £200 to the average U.K. household food bill, according to a new study from the London School of Economics. In all, U.K. consumers paid £5.8 billion ($7 billion) in additional grocery costs over the two years, the study found. Over the two years to the end of 2021, Brexit increased food prices by around six per cent overall," Davies added. The report also found that while domestic U.K. food producers have benefited from less competition, their gains were outstripped by consumer losses to the tune of over £1 billion. EU food exporters and U.K. food importers have transferred 50% to 88% of post-Brexit costs onto consumers, according to research.
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