25 November 2017
visit www.solutions.lexisnexis.com

Japanese bank hires robot suits to help staffers lift heavy cash

08 May 2015  |  6064 views  |  0 robotsuit

Japan's Sumitomo Mitsui Banking Corp (SMBC) has come up with a high-tech answer to a low-tech problem: fitting out elderly employees with robotic suits to help them lift heavy stacks of cash.

The bank has struck a deal with Cyberdyne to rent eight of the robot manufacturer's HAL (Hybrid Assistive Limb) suits for workers at its SMBC Delivery Service unit, which ferries cash between sites.

The suits, usually used in the medical profession, will support the backs of older workers, making heavy containers of cash feel up to 40% lighter, easing the burden on the 16% of workers at the unit that are over 65, says a statement.

The agreement marks a first for the use of Cyberdyne technology by a financial institution, although robots have already been put to work by Japanese banks. Bank of Tokyo Mitsubishi UFJ recently outlined plans to employ two foot tall robots as greeters in Tokyo branches.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Danish shops to be given right to refuse cash

Danish shops to be given right to refuse cash

07 May 2015  |  22617 views  |  15 comments | 67 tweets | 42 linkedin
Japanese bank employs robot branch workers

Japanese bank employs robot branch workers

13 January 2015  |  13587 views  |  1 comments | 27 tweets | 20 linkedin
Santander introduces robotic swarm

Santander introduces robotic swarm

09 April 2010  |  10426 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.solutions.lexisnexis.comvisit www.aciworldwide.comvisit www.capgemini.com

Top topics

Most viewed Most shared
Sepa instant payments goes liveSepa instant payments goes live
10973 views comments | 46 tweets | 79 linkedin
ING brings data privacy to blockchain transactionsING brings data privacy to blockchain tran...
9533 views comments | 25 tweets | 37 linkedin
hands typing furiouslyHow Fintech Companies are disrupting the C...
8199 views 0 | 20 tweets | 9 linkedin
Axis Bank uses Ripple to open new payment corridors between the UAE and SingaporeAxis Bank uses Ripple to open new payment...
8140 views comments | 8 tweets | 22 linkedin
UK Open Banking expanded to cover all PSD2 productsUK Open Banking expanded to cover all PSD2...
7828 views comments | 21 tweets | 47 linkedin

Featured job

Competitive base + commission + benefits
New York City, NY - USA

Find your next job