China’s First Fully Automated Bank Opens in Shanghai
A state-owned bank in China has opened its first fully automated branch in Shanghai's Huangpu district that is being marked for country's first "unmanned bank".
The automated branch is equipped with a facial scanning software, a hologram machine, a virtual reality room, talking robots and touchscreens for paying utility bills among a host of other functions.
China Construction Bank, based in Beijing says that the high-tech branch is focused on bringing convenience, personalization, and efficiency to banking. It also works to face off competition from cashless payment systems that are giving the banks a run for their money.
The bank has robots to greet customers at the entrance and work on voice recognition software. Clients need to swipe their national identification cards to ente...