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Friday, 11 November 2016

India's First Banking Robot "LAKSHMI" Unveiled


India’s first banking robot called Lakshmi has made her formal debut on Thursday in Chennai city. This is a powerful artificial intelligence powered robot and reportedly the first such on-site bank helper.

Kumbakonam-based City Union Bank launched the artificial intelligence powered robot and also plans to launch her in other branches.

What you need to know about ‘LAKSHMI’

1.      It took over six months for Lakshmi to be developed; she can intelligently answer on over 125 subjects.

2.      She can answer queries such account balance and the interest rates on home loans and many such queries related to the payments or possible charges which are incurred on the fixed deposit closures etc. Lakshmi has also been programmed for connecting to the core banking solutions to give out details about transaction history as well!


3.      She can give real-time updates of foreign exchange movement, interest rates at banks for various asset classes like educational, personal, two-wheeler, home loans or charges on deposits/withdrawals.

4.      Any sensitive financial information such as the account details are reportedly displayed discreetly onto the robot’s screen and this is not voiced.


5.      She can save work for three to four persons; the robot would be integrated with the bank's automation process.

6.      Lakshmi can currently speak English, gestures, turns around, and engages in a life-like manner in conversations.

7.      Unlike most robots, Lakshmi's speech isn't formal but more relaxed and casual.


8.      If Lakshmi can't answer a question, she asks the customer to contact the branch manager. The bank would collect all the questions Lakshmi was unable to answer and equip her with better data sets so that she can serve better.

9.      The artificial intelligence powered robot can continuously learn from customers; the more interactions with clients, the better the robot gets.

10.  Soon, she will also start speaking in Tamil. 

City Union Bank plans for 25-30 robots deployed at its key branches by the end of 2016 if the robot proves a hit with the customers.

HDFC Bank is also experimenting with robots to answer queries and is testing a robot at its innovation lab.




for more information watch this video


http://tshow/55361225.cms

 imesofindia.indiatimes.com/city/chennai/Lakshmi-countrys-first-banking-robot-makes-debut-in-city/article

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