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Co-bots, not robots: the next big step for AI in insurance

Robot

Many have proclaimed that 2017 will be “the year of artificial intelligence (AI)”, with a 300% increase in investment in its technologies predicted compared with 2016. Start-ups with AI at the core of their business in particular will be looking to benefit from this surge in investment capital, as they did last year when 550 raised $5 billion in funding.

Top fintech stories this week – 13 January 2017

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Catch up on Banking Technology’s top five fintech stories of the week – all in one place!

“Humanoid” Ira to assist customers in HDFC Bank branches

Nitin Chugh, country head of digital banking at HDFC Bank, and Ira

India-based HDFC Bank is about to introduce its first “humanoid” branch assistant – Ira. The human-sized robot was built together with artificial intelligence (AI) company Asimov Robotics.

Lakshmi, India’s first banking robot, unveiled by City Union Bank

Lakshmi and City Union Bank's CEO and MD, N Kamakodi

City Union Bank (CUB) has become the first bank in India to introduce a robot to deal with customer queries. Called Lakshmi, the robot is based on the IBM Watson artificial intelligence (AI) engine.

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