U.S. Financial institution Debuts New Model Banking — Occasions Publishing Group, Inc.

By Jondi Gumz

Customers in the new US bank branch in Aptos uses a passcode to get into the ATM and use it to make deposits or withdrawals, or to pay for accounts. Bankers inside have mobile tablets to assist customers and a customer care station has space for one-on-one calls, but don’t come at lunchtime as the bank closes until 1pm for lunch

“We don’t have a cash line for transactions,” said. Heather Kesner, Senior Vice President for Consumer and Business Banking, San Francisco Bay, at US Bank. “We have replaced this concept with a number of comfortable meeting rooms where we can have in-depth discussions with our customers about their financial needs, with cash transactions being processed exclusively through our ATM.”

On Tuesday, October 5th, at the Rancho Del Shopping Center, Rancho Del Mar 96, a grand opening of the ribbon for the US bank in Aptos was held with the Aptos Chamber of Commerce.

The U.S. bank donates $ 4,000 to Aptos-based California FarmLink, whose mission is to invest in the prosperity of farmers and ranchers through lending and access to land, and $ 4,000 to Friends of Santa Cruz Public Libraries to help rebuild the Aptos library.

The new US bank branch in Aptos’ Rancho Del Mar Shopping Center.

Ana Alvarez is the branch manager.

The Aptos branch serves as a hub for wealth issues with a full-time investment advisor and business banking specialist on site.

Aptos customers can use the US Bank’s award-winning mobile app and online banking includes features such as personalized insights to make managing money easier, the US Bank Smart Assistant that lets you get everything you need in a few words , Co-browse live video to see the banker you’re talking to, and more.

US Bank Times Publishing Group Inc. tpgonlinedaily.com

In the new US bank branch in Aptos

“Many traditional everyday transactions can be processed using our new digital tools,” said Kesner, “so that we can focus our interactions with our customers on finding and delivering solutions to their financial needs.”

In response to the COVID-19 pandemic, the store is introducing design changes such as plexiglass barriers and antimicrobial surfaces, as well as signage to encourage social distancing.

Four more conversions are planned in the San Francisco Bay Area by 2022.

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The US bank reported nearly 70,000 employees and assets of $ 553 billion as of March 31. According to the FDIC, as of June 2019, the US bank had deposits of $ 47 million in the Aptos zip code – less than 6 percent of total deposits prior to the Aptos branch closure, and bank employees are believed to be working to get those deposits back.

(Visited 1 time, visited 1 time today)

Taiwan banking on homegrown Medigen vaccine

Taiwan is relying on domestic Covid-19 vaccination to speed up its vaccination program as the island and many countries struggle to secure vaccine supplies from large pharmaceutical companies.

The locally made Covid vaccine from Medigen Vaccine Biologics was featured last week President Tsai Ing-wen receives her first shot of the two-dose vaccine last Monday.

Medigen’s vaccine was developed in collaboration with the National Institutes of Health in the US The vaccine – like that of Novavax – is based on a technology called recombinant protein that uses part of the coronavirus protein to trigger an immune response.

Around 600,000 people in Taiwan were vaccinated with the Medigen vaccine last week, the company’s chairman Charles Chen told CNBC.Squawk Box Asia” on Tuesday.

Some critics have questioned the approval of Medigen’s vaccine. Health authorities cleared the vaccine for emergency use in July after completing only phase 2 clinical trials in Taiwan with no available efficacy data.

Chen told CNBC that it was unable to conduct a “traditional efficacy study” because Taiwan’s infection rate was “so low.” Such a study typically involves a comparison between a vaccinated group and a control group not receiving the vaccine, he explained.

Instead, Medigen used a method called “immune bridging” to infer the level of protection of the vaccine based on the immune responses of the study participants.

“We’ll say our protection will be … the same or better than AstraZeneca,” said Chen.

Medigen said in July that it had received Approval to conduct a phase 3 clinical trial for his Covid vaccine in Paraguay.

Deliveries of Covid vaccines

Taiwan’s vaccination program got off to a slow start as it – like many governments around the world – faced challenges in securing supplies of Covid vaccines.

The island, with a population of around 24 million, has received more than 10 million doses of Moderna and AstraZeneca vaccines, according to Unicef. That includes nearly 6 million cans donated by the US and Japan, the data showed.

Around 42% of Taiwan’s population have received at least one shot of the Covid vaccine, less than 4% of which are fully vaccinated, according to statistics from the online repository Our World in Data.

While Taiwan reported very few Covid infections last year, the island’s cases skyrocketed in May. Nevertheless, Taiwan’s cumulative number of cases remains relatively low. The number of daily reported cases on the island has since decreased, in contrast to many of its Asian neighbors who are still struggling with swelling infections.

The island has reported 15,995 confirmed cases and 835 deaths since early last year, the Taiwan Centers for Disease Control said Tuesday.

Cryptocurrencies are ‘humorous cash,’ that ‘mirrors’ Wall Road abuses, says Senate Banking Chairman

Senior Democrats in Congress again cabled their skepticism about cryptocurrencies and digital asset technology on Tuesday when Ohio chairman Sherrod Brown said the growing digital asset economy told a Senate banking committee that “Americans’ hard-earned money is at risk “. Tuesday listen.

“Alongside these alternative financial products, a home industry with decentralized financial systems has emerged in the hope of creating a parallel financial system with no rules, no supervision, and no borders,” said Brown. ”They claim to enable ‘transparency’. Your supporters speak of the ‘democratization of banking’, but there is nothing ‘democratic’ or ‘transparent’ about a seedy, diffuse web of funny online money.

Brown also attacked the notion that the growing crypto economy would prove to be an alternative for Americans who are skeptical of the power and practices of Wall Street financial institutions.

“People don’t trust banks, and they don’t trust the biggest banks especially,” Brown said. “But as these technologies evolve, most seem to reflect the Wall Street model – rather than question it.”

The Senate Banking Committee hearing coincided with a House Financial Services Subcommittee hearing on central bank digital currencies, underscoring Congress’s commitment to research and potential regulation of digital assets in general.

Also on Tuesday morning, Democratic Senator Elizabeth Warren from Massachusetts sent a letter To Treasury Secretary Janet Yellen in her capacity as Chair of the Financial Stability Oversight Council, calling on the FSOC to rapidly develop a “comprehensive regulatory system for cryptocurrencies”.

Oak Cliff Residents Get Entry To A Completely different Type of Banking – NBC 5 Dallas-Fort Price

The people of Oak Cliff get a bank and a lot more in their neighborhood.

On South Polk Street, what looks like a normal Chase Bank branch has a different feel to it.

“A warm welcome and a chance for people to learn more about home ownership,” said JP Rodriguez Chase, director of Community Impact Alice Rodriguez. “Find out more about being an entrepreneur. Learn more about how to manage and save with your daily finances. “

It’s banking, as Rodriguez describes, in a living room with couches.

You can talk to consultants who know the community even if you are not a customer.

“The community trusts people in the community,” said Lawrence Bailey, director of community banking and business development at Chase.

Bailey added, “We are hiring people from the ward to work in the ward. We are hiring people who are home loan specialists from the community. Small business specialist from the community. “

Chase sees this as the perfect time to open the community center’s bank as the pandemic is affecting minority communities.

“Let’s face it, people got hurt,” said Rodriguez. “There has been a tragedy. There have been losses. There were fears as a result of the pandemic and it was a very heavy burden for color communities in particular. “

This is part of JP Morgan Chase’s $ 30 billion pledge to promote racial justice for underserved communities.

The center also offers workshops, free space and WiFi for community groups.