India's First Banking Robot

India’s first banking robot named Lakshmi was launched by the Kumbakonam-based City Union Bank (CUB) in Chennai, Tamil Nadu.  Lakshmi will be first on-site huamanoid (robot) in India.
Currently, CUB has readied only one version of huamanoid banker and but is planning to deploy 25-30 robots at key branches by end of year if Lakshmi proves a hit with customers.

Key Facts:

• Lakshmi is artificial intelligence powered robot . It can speak English , gesture and engage in a life-like manner in conversation.
• The robot can interact with customers on more than 125 subjects including account balance and interest rates on loans .
• It will not voice the sensitive financial information like account details rather display it discreetly on it's screen .

What is artificial intelligence?

Artificial intelligence is the branch of computer science concerned with making computers behave like humans. In contrast to normal hardware and software, artificial intelligence enables a machine to perceive and respond to its changing environment. The artificial intelligence machines learn automatically like humans during their processing by assimilating large volumes of information.