World’s First Bank Entirely Run By Robots Opens Up In China

I first heard this on a radio broadcast then I found this article. We have all heard how robots will be taking over many jobs in the near future... But for some reason I never thought of Bots replacing those who work in banks...

China’s second-largest lender by assets, China Construction Bank (CCB), has opened a Shanghai branch run entirely by robots that greet customers and manage accounts, Mirror reported.

The bank doesn’t just utilize robots; it’s packed full with new technology including virtual reality, artificial intelligence and facial recognition.

According to the South China Morning Post, as soon as customers walk through the front door they are met by a robot that asks and answers questions using voice recognition.

The financial institution in Jiujiang Road in Huangpu district is equipped with several smart automated tellers capable of a range of services including opening an account, money transfer, foreign exchange, gold investment and the issue of wealth management products.

The bank states that the new setup will be able to handle 90 percent of the cash and non-cash demands of traditional banking outlets.

Although for wealthy clients, that other 10% in need of human help, a private room is reserved for remote chats with client relationship managers via direct video feed.

www.activistpost.com...

Fast food, Truckers, even private vehicles, Surgeons replaced even though there have been 144 deaths attributed to robotic surgery (hahah probably not as bad as the human touch but still) , tech industry has lost 60,000 jobs according to the article, not to mention all the manufacturing jobs...

Who would have thought a bank as large as CCB would try this ?

The complete high frequency trading works with computers only, because of the speed that is needed.
So most work there is done anyways by machines.
And less greedy banksters, would it be really sooo bad?

originally posted by: DerBeobachter
The complete high frequency trading works with computers only, because of the speed that is needed.
So most work there is done anyways by machines.
And less greedy banksters, would it be really sooo bad?

Actually whoever programs the Bots could make them so greedy that live bankers would look like kids in comparison.. Also when a bot cheats/robs who goes to jail ?

originally posted by: 727Sky

originally posted by: DerBeobachter
The complete high frequency trading works with computers only, because of the speed that is needed.
So most work there is done anyways by machines.
And less greedy banksters, would it be really sooo bad?

Also when a bot cheats/robs who goes to jail ?

No one. Just like when bankers cheat/rob.
(Ba dum tss)

a reply to: 727Sky

capitalism dies at some point..

Or you keep it but everyone gets a salary for being alive anyway..

One could look from two angles..

It's taking the jobs!
OR
I don't have to work!

the view point will rely heavily on the political will to solve an issue before it becomes a giant problem.
In other words you just make the robots do everything, and people can just be people. In the short term, people will leverage robots to be above other people, haha... Damn humans.. We really are the worst enemy we could ask for.

Just having a tractor makes having ten laborers redundant.. It's like that, but instead of not having to farm, you won't have to serve in other ways.. Social programs to keep people alive and healthy will have to grow, as needing to work shrinks.. Then at some point none of us work.. That's if we do it right.. It could much easier cause WW3.

now they need robot bankrobbers .

Well...all the other banksters sure aren't human.
So are you absolutely sure this is a first?

I have been using drive thru banking for years...nothing new here.

a reply to: 727Sky

Maybe this will make it easier for a robbery to take place although whoever does it will have to be pretty smart to attempt it. I also wonder if you could trick a robot into believing what you have in your hands are notes but in reality they're just paper made to look the real thing? That could be good... go there with a few thousand of these paper cuttings and tell the robot it's £1,000 and can you put it in my bank account!

a reply to: 727Sky

The robots are coming!

a reply to: TruthxIsxInxThexMist

Have you ever used a modern self service checkout at a store? Not only do you have to insert the money into the machine, but they also usually have cameras. And since you'd have to give the kiosk your account number in order for it to deposit or withdraw anything, you'd be snitching on yourself before you even finished the fraud.

Also, many Chinese businesses are pretty big w/biometrics. And China is currently implementing an extremely over-the-top credit system that literally judges you based on personal behaviors that have nothing to do with banking (like your habits, online conversations, the credit scores of your friends, whether you've paid court fees on time, etc). Your score can affect everything from rental fees to job prospects (and personal relationships since people with lower scores can pull down your score).

So your attempt at fraud would likely both fail in the bank in real time and destroy your credit rating. And that doesn't count the criminal aspect.

originally posted by: enlightenedservant

originally posted by: 727Sky

originally posted by: DerBeobachter
The complete high frequency trading works with computers only, because of the speed that is needed.
So most work there is done anyways by machines.
And less greedy banksters, would it be really sooo bad?

Also when a bot cheats/robs who goes to jail ?

No one. Just like when bankers cheat/rob.
(Ba dum tss)

a reply to: 727Sky

Because chinas population is lacking people
with this skill set. Dumbasses and doper drop
outs mostly. S/