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banks

06/02/2018 / By Edsel Cook

China bank uses robots to replace tellers with the goal to eventually become completely staffless

China, a country that has no shortage of manpower, has decided to open its first ever bank branch with robot tellers instead of human ones. In an EJ Insight article, the branch in question plans to transition into a staff-less facility. To enter the robot branch of the China Construction Bank (CCB), a customer swipes […]

09/14/2017 / By Isabelle Z.

Blame the victim strategy reaches corporate level: Deutsche Bank plans to replace much of workforce with robots, because they act like robots anyway

One of the world’s biggest banks, Deutsche Bank, has announced that it will be replacing a significant portion of its workforce with robots. The financial institution, which is based in Frankfurt, Germany, employs more than 100,000 people. It is not known exactly how many people will be laid off or when, but CEO John Cryan […]

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