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How To Do Better Against National Bank Lending Competition

South State Correspondent

Unfortunately, banking is challenging to study, and some banks inadvertently ignore their significant competitors. Many existing community bank customers and prospects are also national bank customers. There are now many online, nationally-focused lenders that are capable of an entire virtual relationship.

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Study: GPS Fail Would Cost Economy $1B A Day

PYMNTS

In a study of Global Positioning System (GPS) technology, researchers found that loss of the service would have an impact of $1 billion per day per an approximate estimate. The National Institutes of Standards and Technology sponsored the study, which was performed by RTI International of North Carolina, Ars Technica reported.

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How Singapore Is Fueling A ‘Smart Nation’

PYMNTS

Singapore is on a mission to build up a Smart Nation by utilizing innovation and technology to create opportunities and strengthen communities. Startups are estimated to employ nearly 300,000 on the island nation. Singapore is poised to become the world’s first country to make the notion of a “Smart Nation” an actual reality.

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Increasing Digital Banking Options Put Pressure On Big Lenders To Adapt

PYMNTS

According to an August study of digital banking by PYMNTS, banks are closing physical branches, reducing hours of operation and encouraging customers to use their websites or mobile apps to conduct transactions and reduce face-to-face interactions between customers and staff. On Monday (Oct. 5) NCR Corp.

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Risk of Derivatives – The Fall of an Index

South State Correspondent

Barings Bank, Orange County (CA), Enron, Long-Term Capital Management, and other entities misused derivatives or didn’t understand the difference between hedging and speculating. Unfortunately, some banks adopted BSBY as one of their preferred indexes and in doing so created risk in derivatives and operations.

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China To Retaliate Against US By Limiting Tech Exports

PYMNTS

Reuters , citing Hu Xijin, the chief editor of China’s Global Times newspaper, reported that in a tweet he said the country is “building a management mechanism to protect China’s key technologies.” In what could be seen as a retaliation by China in the escalating trade war with the U.S., Following the initial announcement, the U.S.

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UK Restaurants Say Social Distancing Could Bankrupt Them

PYMNTS

are required to apply social distancing when they reopen, many won’t survive, according to a new study of restaurant owners. feet) apart at entrances and exits and toilet areas is impossible,” Tobias Jackson, operations director of Adventure Bar, a London cafe chain told the news service. “We If restaurants and bars in the U.K.