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Confront risks of financial technologies to reap benefits: FINTRAC director

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first_img “We do know that crowd funding has been used to finance terrorist activities, we do know that virtual currencies such as Bitcoin have been used to launder money and to finance terrorism,” Gerald Cossette, who oversees the Financial Transactions and Reports Analysis Centre of Canada, told a conference in Ottawa. “Some of these vulnerabilities pose significant challenges, if you wish, to regulators.” Cossette’s remarks Tuesday pulled back the curtains back a bit on some of the regulatory concerns surrounding the rapid rise in recent years of disruptive tech advancements in the financial sector — also known as fintech. Many say the innovations, which help improve the efficiency and convenience of financial services, are revolutionizing how these services are delivered as well as the entire system itself. Cossette said another major fintech challenge is the emergence of technologies that make it easier for people involved in all aspects of a transaction to remain anonymous. “Of course, for an organization such as FINTRAC the name of the game is ID,” he said during a panel discussion hosted by the Competition Bureau. “Can you identify who’s at the beginning of a transaction and who’s at the end of a transaction?” Bank of Canada senior deputy governor Carolyn Wilkins, who moderated the panel discussion, told the audience that financial-sector innovation can pose a bit of threat from a regulatory point of view. But she also highlighted how it offers many potential gains. “For some, it’s a huge opportunity — big commercial interests here,” she said. On the one hand, fintech can create opportunities for people to start their own businesses or to use the technology as a way to streamline existing operations and save money. At the same time, however, Wilkins said fintech means some established companies will see sections of their business models taken apart. There are also other potential downsides such as risks to the financial stability of the system and money laundering. “There are just as many potential benefits, whether it’s improved access to financial services that could help inclusive, sustainable growth or whether it’s greater efficiency,” said Wilkins, who has a keen interest in fintech. “I think that when you look at those different perspectives, you can just imagine how hard it is to get your arms around it from a regulatory point of view.” The Bank of Canada has been doing a considerable amount of work on fintech. Wilkins herself has said she’s participated in meetings that bring together regulators, international organizations, traditional financial institutions and entrepreneurs. The goal has been to explore the potential risks and benefits of fintech, which has expanded considerably in recent years. In prepared remarks of a speech last June, Wilkins referred to findings that showed in the previous six years about 100 Canadian fintech start-ups had attracted more than $1 billion in funding. She added that in 2015 alone almost $20 billion had been pumped into fintech around the world. At the time, Wilkins listed examples of fintech innovations, including services like Apple Pay or Google Wallet. In the speech, she also pointed to other technologies such as “robo advisers” that offer investment advice and peer-to-peer lending. Facebook LinkedIn Twitter Share this article and your comments with peers on social media Keywords FintechCompanies Bank of Canada, FINTRAC Andy Blatchford The head of Canada’s financial intelligence unit warns that regulators must grapple with the challenges of emerging financial technologies, some of which he says have been exploited by terrorism and organized crime. But while it’s necessary to safeguard consumers and the country’s financial stability from the risks posed by some of these innovations, public oversight should avoid slowing progress in a fast-growing area filled with potential, the director of FINTRAC said Tuesday. center_img Related news Fintechs elude official statistics: BIS ESMA launches digital finance consultation Regulators must avert looming irrelevance: IAPlast_img read more

Vocational Based Training as Important as Academics – Education Minister

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first_imgVocational Based Training as Important as Academics – Education Minister UncategorizedJuly 28, 2008 RelatedVocational Based Training as Important as Academics – Education Minister RelatedVocational Based Training as Important as Academics – Education Minister Advertisementscenter_img FacebookTwitterWhatsAppEmail Minister of Education, Andrew Holness has pointed out that for many years the education system has only been measured in terms of academics and that this perception has to be changed.“We have looked at our education system purely in terms of academics and that the only persons who are considered educated are the persons who pass through sixth form and universities and that perception has to change,” he stated.Mr. Holness was speaking at the official re-opening of the HEART School of Cosmetology, at the institution’s premises at 10 Hope Road in Kingston on Friday (July 25).He said that the persons that are in vocations, and applications based training, are of a unique discipline. “There is the discipline to follow instructions, discipline to respect order, there is the discipline to be courteous. They do not have the confusion that the rest of the society and the people in academia do that service is servitude and that is the beauty of vocational training because they are tested based on their competences. So it is not just what you know, but it is what you demonstrate that you know and that is the beauty of vocational training,” he said.Minister Holness pointed out that Jamaica’s vocational application-based training will be considered on par with academics-based training.“In many ways Jamaica is a society of elitism, but the market is not an elite place, the market only appreciates a price. The market has already decided that persons who have a vocational based training will be able to ask for a higher price and in many instances a higher price than academics,” he noted.“If you look across the developed world, persons who are trained in plumbing, electrical installations, engineering, in cosmetology, what they can demand from the market for their services is often times higher than what a lawyer, or an accountant can demand from the market,” he continued.The Education Minister further pointed out that the mindset of the society to appreciate the value that is intrinsic in vocational applications-based training needs to be changed, in an effort to conceptualize that vision.Meanwhile, in his remarks, Dr. Nigel Clarke, Chairman of the Board of Directors for the HEART Trust/NTA said that the opening of the new HEART School of Cosmetology would add to an impressive list of accomplished, specialized training institutions and that it uniquely positions HEART to positively impact many Jamaicans.“The development of this facility forms part of our thrust to be responsive to the needs of industries and sectors, because it is through building a competent workforce that we create a competitive economy,” he said, adding that the focus will continue to be on quality, using the competency-based training approach which virtually ensures an almost perfect fit for workers and their jobs.Executive Director of HEART Trust/NTA, Donald Foster, in his comments, noted that the institution boasts the latest technology, as well as a cadre of qualified, certified and competent staff and instructors, who would ensure that learners who complete the programmes are first world and first class.“We have invested millions of dollars to acquire the latest equipment and technology in the industry and this is geared towards giving the very best in functionality and allowing learners to develop a high level of competence,” he said. The HEART Trust/NTA School of Cosmetology was founded in 1984 and specializes in cosmetology and beauty services. RelatedVocational Based Training as Important as Academics – Education Ministerlast_img read more

Local fire ban extended for South Eastern Region residents

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first_imgLocal fire ban extended for South Eastern Region residents Queensland Fire and Emergency Services (QFES) has extended a local fire ban for South Eastern Region residents.The local fire ban will be extended until 11.59pm Monday 7 December for residents in the Logan, Scenic Rim, Ipswich, Lockyer Valley, Somerset and Gold Coast local government areas.Heightened conditions are perfect for bushfires to ignite and spread quickly.Under a local fire ban all open fires are prohibited (subject to exemptions) and all Permits to Light Fire which have been issued in the designated areas have been cancelled.Power tools may be used during a local fire ban however QFES encourages people to use these with extreme care and ensure adequate equipment is available to extinguish any fire which may start. This may include having a person available to watch out for any ignitions that occur.Fires lit for the purpose of cooking or providing warmth are allowed however must be used within a properly constructed vessel (such as barbecue, pizza oven, fire pit) where the fire cannot escape or cause embers to drift.Fires lit for the purpose of providing warmth are allowed between 6pm – 6am provided they are lit within a properly constructed receptacle (such as fire pit and brazier) within a suburban backyard and are not larger than 1m x 1m x 0.5m. Fires must not be left unattended and a firefighting device (such as a garden hose or extinguisher) must be available.Fires lit for the purpose of disposal of animal carcasses or for commercial necessity are permitted subject to the issue of a Permit to Light Fire by the Chief Fire Warden.Fires lit for the purpose of burning standing cane for harvest (between 6pm – 5am) or burning tops and trash (between 6pm – 9am) is permitted once a permit to burn has been obtained from the local fire warden for those blocks of cane that require a Permit to Burn.Information on fire bans and the exemptions that can apply can be found on the Rural Fire Service (RFS) website, www.ruralfire.qld.gov.au. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:animal, Australia, bushfires, device, Eastern, Emergency, fire, Fire and Emergency Services, gold, Gold Coast, Government, Ipswich, Logan, pizza, QFES, QLD, Queensland, Queensland Fire, Somerset, websitelast_img read more

NSW SES Disaster Awareness Survey now live

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first_imgNSW SES Disaster Awareness Survey now live NSW SESSydneysiders, if you live, work or visit the Local Government Areas (LGA) of Sutherland, Bayside, Liverpool, Fairfield, Canterbury-Bankstown, Georges River and/or Campbelltown, then the NSW SES wants to hear from you through a Disaster Awareness SurveyThe survey will take less than five minutes.This is about awareness of natural disasters (or hazards) in these LGAs. NSW SES will be asking you to provide your email address for a follow-up survey in two months. You can still complete the survey anonymously, but you will not be included in the follow-up survey. Anyone can complete the survey, but if you are under 18, you will need to provide a parent or carer’s email for permission.If you gave your email address to a similar survey in February this year, please do not complete this survey.Data from the survey will help NSW SES volunteers in your area plan how to work with your communities to plan, prepare, respond and recover better from disasters that impact you. The survey will provide information on:How aware NSW communities are about the types of risk, disasters and hazards they are likely to experienceDifferences in awareness that might exist among certain locationsThe survey results can be used to:Tailor NSW SES programs to better meet the needs of communitiesMap communities or regions according to their level of awareness, especially in more diverse communitiesDevelop and deliver strategies to improve resilienceThank you for your time and responses. The NSW SES are keen to hear from communities about how to build awareness, preparedness and resilience to natural disasters. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Australia, Bayside, Campbelltown, carer, disaster, email, Fairfield, Government, Impact, liverpool, Local Government, NSW, NSW SES, parent, resilience, SES, surveylast_img read more

Fiat Dino tops list of fastest appreciating classic cars

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first_img We encourage all readers to share their views on our articles using Facebook commenting Visit our FAQ page for more information. RELATED TAGSFIATVintage / ClassicClassic CarsLifestyleClassic Cars & TrucksNew VehiclesPeopleVintage & CollectibleCars and Car DesignCulture and LifestyleDr. Ing. h.c. F. Porsche AGFerrari SpAFiat DinoFootman JamesLamborghini MiuraLand Rover DefenderPorsche 911Sports Cars PlayThe Rolls-Royce Boat Tail may be the most expensive new car everPlay3 common new car problems (and how to prevent them) | Maintenance Advice | Driving.caPlayFinal 5 Minivan Contenders | Driving.caPlay2021 Volvo XC90 Recharge | Ministry of Interior Affairs | Driving.caPlayThe 2022 Ford F-150 Lightning is a new take on Canada’s fave truck | Driving.caPlayBuying a used Toyota Tundra? Check these 5 things first | Used Truck Advice | Driving.caPlayCanada’s most efficient trucks in 2021 | Driving.caPlay3 ways to make night driving safer and more comfortable | Advice | Driving.caPlayDriving into the Future: Sustainability and Innovation in tomorrow’s cars | Driving.ca virtual panelPlayThese spy shots get us an early glimpse of some future models | Driving.ca COMMENTSSHARE YOUR THOUGHTS advertisement Buy It! Princess Diana’s humble little 1981 Ford Escort is up for auction An engagement gift from Prince Charles, the car is being sold by a Princess Di “superfan” Created with Raphaël 2.1.2Created with Raphaël 2.1.2 Fiat Dino Spyder. Wikimedia Commons photo. Trending in Canadacenter_img The Rolls-Royce Boat Tail may be the most expensive new car ever ‹ Previous Next › A report compiled by Footman James ranked the 12 fastest appreciating classic cars on the market today. At the very top of that list was the odd, but apparently far from unloved Fiat Dino. Values of the little Dino DOHC V6 powered cars rose 113% over last years numbers. This is likely a reaction to typically more affordable (relatively speaking) Ferrari classics like the Dino 246, and the 2+2 models moving out of reach even for the well-heeled collector. Also appearing on the top end of the list is the Lamborghini Miura with a 62% rise in value, The Peugeot 205 GTI with a 44% jump, and the venerable Land Rover Defender rising 43% in value. Jaguar E-Types have been relatively affordable for years but a 29% climb in value might mean those days are numbered.  Interestingly, a car low on the list is the classic Porsche 911. For the past 2-3 years, prices had been climbing wildly but the market seems to have cooled and this year the marque sported a modest 11% rise in value. Will the 911 bubble burst soon? If it does, it might mean its time to pick up that Porsche you’ve always wanted.  See More Videos Trending Videoslast_img read more

News Roundup: Say goodbye, Honda Fit, and maybe hello, new Ford pickup

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first_img COMMENTSSHARE YOUR THOUGHTS The Rolls-Royce Boat Tail may be the most expensive new car ever RELATED TAGSFlexNew VehiclescompactFlex It’s clear by the smoke billowing from the tires where the power ends up, but where does it all come from? Driving’s David Booth asked these questions and more to RTR founder and “professional fun-haver” Vaughn Gittin Jr. Click here to read the full story and view the photo gallery of the 1,400-horsepower tire-murderer in action.   PlayThe Rolls-Royce Boat Tail may be the most expensive new car everPlay3 common new car problems (and how to prevent them) | Maintenance Advice | Driving.caPlayFinal 5 Minivan Contenders | Driving.caPlay2021 Volvo XC90 Recharge | Ministry of Interior Affairs | Driving.caPlayThe 2022 Ford F-150 Lightning is a new take on Canada’s fave truck | Driving.caPlayBuying a used Toyota Tundra? Check these 5 things first | Used Truck Advice | Driving.caPlayCanada’s most efficient trucks in 2021 | Driving.caPlay3 ways to make night driving safer and more comfortable | Advice | Driving.caPlayDriving into the Future: Sustainability and Innovation in tomorrow’s cars | Driving.ca virtual panelPlayThese spy shots get us an early glimpse of some future models | Driving.ca Welcome to our weekly roundup of the biggest breaking stories on Driving.ca from this past week. Above you’ll find our video roundup highlighting the top news stories selected by our news editors, and below are our most popular stories overall.Here’s what you missed while you were away.Honda deletes Fit, Civic coupe and stickshift AccordHonda has announced it will be discontinuing a few of its products at the end of 2020, due to lack of sales. The Honda Fit, the Civic coupe and manual-transmission Accord will all be eliminated, according to Automotive News. center_img Trending Videos See More Videos We encourage all readers to share their views on our articles using Facebook commenting Visit our FAQ page for more information. Honda puts at least a part of the blame for the Fit’s demise on the introduction of the popular Civic hatchback. As for the Civic coupe and Accord, those will not likely be that missed, as just 6 per cent of U.S. buyers were opting for the coupe option and just 2 per cent the stickshift Accord. Extreme EV subsidies lead to free Renaults in GermanyEurope really wants people to start buying EVs. So much so, in fact, that in some place a new EV will cost residents about the same as a mobile phone plan. And in Germany, believe it or not, incentives and subsidies are so robust that a national dealership chain with over 50 locations is advertising Renault Zoes leases that are entirely covered. In other words, FREE CARS! Designed in part to help stimulate the COVID-hit automotive industry in Europe, the subsidies are resulting in sales spikes for EVs across the continent — one German online auto seller reports its sales have been increased tenfold. Quebec delivery driver honoured for million-km 2008 Hyundai ElantraA Quebec man who purchased a lightly used Hyundai Elantra from a local dealership back in 2011 and continued to drive itover 900,000 km in the next ten years is being recognized by the brand as the exemplary owner he is. Regular maintenance kept the car running smoothly over the 107,000 kms it averaged each year, and now the same dealer that sold him the Elantra, Granby Hyundai, is accepting it for trade-in value toward a brand-new 2020 Hyundai Kona. Roy says he fully expected the Elantra to require some major maintenance at some point, “but it’s never needed it.” It’s like that old saying, “if it ain’t broke, keep driving it until the people who sold it to you are so impressed they want it back.” Leaked tailgate pic prompt rumours of upcoming Ford Maverick small pickupImages of a tailgate with the word ‘Maverick’ stamped on it have caused more online speculation of an upcoming small pickup from Ford. People have spotted a bunch of heavily camo’d vehicles made to look like vans around Ford facilities for the last couple years, some suggesting they may be a new small pickup. Rumours suggest the truck, which would likely slot below the Ranger in the lineup, could ride on the unibody platform a la Ranchero and offer a new entry-level way into a Ford pickup. The 1,400-hp Mustang Mach-e burnout machine is straight-up mean to tiresLooking at the latest RTR hot-rod, a Mustang Mach-e built collaboratively with Ford, and contemplating its 1,400 horsepower over seven electric engines, is something of a mind-bending exercise. Because just where do all those engines go? last_img read more

CU-Boulder Center For Humanities And The Arts Has New Director

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first_img Published: Sept. 11, 2006 Michael Zimmerman, a longtime professor at Tulane University, is the new director of the University of Colorado at Boulder’s Center for Humanities and the Arts. Zimmerman also was named the Eaton Chair of Humanities, and will teach in the philosophy department. His research interests include 19th and 20th century German philosophy, environmental philosophy and Buddhism. He replaces Professor Jeffrey Cox, who directed the center since 1998. “I am taking over a center that is in great shape,” Zimmerman said. “In addition to carrying on what has already been achieved, I hope to partner with those who want to extend Center for Humanities and the Arts programming into new areas.” The center was launched in 1997 as an interdisciplinary program focusing on the study of humanities and artistic creation with the goal of raising the profile of arts and humanities on the CU-Boulder campus. A specialist in environmental philosophy, Zimmerman would like to further develop the connection between social sciences and the humanities and environmental studies on the CU-Boulder campus. “When it comes to issues such as global warming, science alone can’t address the problem, you have to bring views from many different disciplines to the table,” Zimmerman said. Each year the center selects a theme around which it organizes a yearlong list of activities, including a faculty and graduate student seminar, lecture series and a spring colloquium. The theme for the 2006-07 school year is “Reaping Profits, Reckoning Loss.” Before coming to CU-Boulder, Zimmerman had been a faculty member at Tulane University since 1975, where he held the positions of professor and chair of the philosophy department, co-director of the environmental studies program, director of Asian studies and director of the honors program. He received numerous awards at Tulane University including the Interdisciplinary Teacher of the Year Award, Sheldon Hackney Award for Excellence in Teaching, Tulane Excellence in Undergraduate Teaching Award and the Honors Professor of the Year Award. He is the author or editor of five books and dozens of articles. For more information about the Center for Humanities and the Arts visit the Web site at www.colorado.edu/ArtsSciences/CHA/index.html. Share Share via TwitterShare via FacebookShare via LinkedInShare via E-maillast_img read more

CU-Boulder to remain open Tuesday, April 9

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first_imgThe University of Colorado Boulder will remain open on Tuesday, April 9 with classes and events held as scheduled.Snowfall in Boulder was lighter than predicted and roads leading to the CU-Boulder campus are passable with public transportation running. Facilities management crews are working to clear parking lots and sidewalks on campus. The policy on Campus Closing Procedures During Emergencies is located at http://www.colorado.edu/policies/campus-closing-procedures-during-emergencies.Significant changes in information will be on the CU-Boulder Web site at www.colorado.edu and updated on the Emergency Information Line at 303-492-INFO (4636).For updates on scheduled campus events check the Web site at http://www.colorado.edu/events. Published: April 9, 2013 Share Share via TwitterShare via FacebookShare via LinkedInShare via E-maillast_img read more

Search committee for CU-Boulder College of Music dean announced

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first_imgCategories:AcademicsArts & HumanitiesScience & TechnologyCampus CommunityNews Headlines Share Share via TwitterShare via FacebookShare via LinkedInShare via E-mail University of Colorado Boulder Provost Russell L. Moore today announced the formation of a search committee to lead a national search for a new dean of the College of Music. John Stevenson, dean of the Graduate School, will chair the committee.“The College of Music assumes a central role in shaping the academic and artistic landscape of our campus, and in advancing our Flagship 2030 mission,” Moore said. “As we move into a rapidly changing higher education future, visionary leadership will be critical in order to provide the best experience for our students, and to maximize scholarly and performance opportunities for our talented faculty.”During the 2013-14 academic year, James Austin is serving as interim dean while the national search for a permanent dean is conducted. The former dean of the College of Music, Daniel Sher, stepped down in June after 20 years in the position. He returned to the faculty and also is involved in community and donor relations for the college.Stevenson said the committee’s goal is to bring candidates on campus for interviews during the spring semester. The new dean would then begin his or her duties prior to fall semester 2014.In addition to Stevenson, members of the search committee include Steven Bruns, associate dean of graduate studies for the College of Music; Judith Glyde, professor of cello; Christina Jennings, assistant professor of flute; Jay Keister, associate professor of ethnomusicology; Rebecca Maloy, associate professor of musicology; Patrick Mason, professor of voice; Thomas Riis, director of the American Music Research Center; and William Stanley, associate professor of trombone.Additional members include Lissy Garrison, CU Foundation; Regina Houck, staff representative; Lisa Martin, graduate student; and Becky Roser, chair of the College of Music Advisory Board.Questions, nominations and comments may be directed to Stevenson at [email protected] or 303-492-2890.Contact: Malinda Miller-Huey, CU media relations, 303-492-3115 John Stevenson, Graduate School, 303-492-2890center_img Published: Aug. 28, 2013 last_img read more

T-Mobile US and Verizon battle for 4G supremacy

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first_img 4GAT&TOpenSignalSprintT-Mobile USVerizon Kavit joined Mobile World Live in May 2015 as Content Editor. He started his journalism career at the Press Association before joining Euromoney’s graduate scheme in April 2010. Read More >> Read more Home T-Mobile US and Verizon battle for 4G supremacy Kavit Majithia Related T-Mobile US chief predicts market rebound AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 08 FEB 2017 T-Mobile US is closing the gap on market leader Verizon when it comes to 4G availability in the US, while the two companies are neck and neck on overall speed metrics according to a new report by OpenSignal.OpenSignal’s Q4 State of Mobile Networks: USA, based on 4.6 billion network measurements for Q4 2016, said Verizon cemented its position at the top of the rankings after testers found a LTE signal 88.2 per cent of the time, up from 86 per cent it recorded in its Q3 report in August.However, T-Mobile US is now “within a stone’s throw of matching Verizon”, with users able to connect to a T-Mobile US 4G signal 86.6 per cent of the time, up from 83 per cent in Q3.AT&T, which lost second spot in the rankings to T-Mobile US last time out, saw its availability increase to 82.2 per cent from 80 per cent.Number four operator Sprint, meanwhile, registered the biggest improvement, with availability jumping from 69.9 per cent in August to 76.8 per cent.OpenSignal said its availability metric measures the proportion of time users can access a particular network, rather than tracking geographic coverage, and in fact, all four operators displayed “significant improvements” in the last six months.In September last year, T-Mobile US CTO Neville Ray (pictured) claimed Verizon’s network coverage advantage had already disappeared.Neck and neckWhen it comes to speed, Verizon and T-Mobile US are pretty much level, said OpenSignal, with Verizon gaining ground in Q4 after losing top spot to its rival six months ago.That narrow edge has now disappeared, with average LTE download speed on T-Mobile US hitting 16.7Mb/s, and Verizon at 16.9Mb/s, “results close enough to produce a statistical tie”, said the report.“Verizon has clearly taken exception to T-Mobile’s recent attempts to steal the network spotlight,” said OpenSignal. “Verizon is fighting back with 4G upgrades of its own, and as our latest results in the US show, it’s doing so quite effectively.”With 4G availability improving, OpenSignal observed “3G connections are becoming largely irrelevant” in the US.“Our overall speed measurements, which factor in both 3G and 4G networks, were less than 2Mb/s slower than operators’ 4G speed measurements,” it added. Amazon reels in MGM Author Tags Previous ArticleApple dominates Q4 smart watch marketNext ArticleMillicom CEO stands by data, cable strategy Verizon shuffles executiveslast_img read more