Rise of the robots: Bank deploys ‘Pepper’ to assist customers


Rise of the robots: Bank deploys ‘Pepper’ to assist customers

By RON HURTIBISE MAY 29, 2019 | 7:59 AM

Don’t be afraid, but a robot is being deployed to serve you at one of the world’s largest banks.

Its name is Pepper. It’s a humanoid robot with a tablet for a chest and wheels that let it get around on its own. It’s shiny and cute. It has arms and it has hands that it can tighten into a fist.

But it doesn’t want to hurt you or take anyone’s job, say officials of HSBC Bank, where Pepper is being put to work.

Beginning Thursday, Pepper will greet customers at HSBC Bank’s Brickell branch in Miami, and later, possibly other locations throughout Florida, according to bank officials. Pepper’s Miami launch will be the fourth for the bank, following launches at branches on Fifth Avenue in New York City last summer, and in Seattle and Beverly Hills this past spring.

Remember how some banks in the 1970s introduced “Tillie the All Time Teller” by putting a colorful human face on the cold steel ATM machines they wanted us to use to get cash or deposit checks? This is kind of like that, except when it’s not, says Kass Dawson, head of marketing and business strategy at SoftBank Robotics America, Pepper’s inventor and manufacturer.

Pepper’s job is to bring you information about basic services offered by the bank, so the bank’s human employees will have more time for “deeper, more high-value customer engagements,” a bank official said in a recent news release.

Pepper is friendly and social, says Jeremy Balkin, head of Innovation at HSBC Bank USA. It can show customers “how-to” videos on its tablet. It can teach customers how to use the bank’s ATM machine or download its smartphone app. It can send links to your device to help you apply for a credit card or open an account.

By contrast, all Tillie was asked to do was beckon bank customers to use ATMs for the first time, Dawson said. Ultimately, “Tillie was flawed because [banks] had to hire people to stand next to it and teach people how to use it,” he added.

Dawson said HSBC expects to introduce more Peppers in the U.S. and beyond, including other Florida branches. Far from replacing human workers, its presence in the New York branch helped boost business by 60% and prompted the bank to hire more workers, Balkin said.

SoftBank has deployed more than 15,000 Peppers across the globe since 2014, mostly to Asia — where they can be found in retail stores, restaurants, schools and banks — and Europe, where, among other functions, they greet visitors at museums, libraries and auto dealerships, Dawson said.

So far in the U.S., more than 250 of the robots have been introduced, including to companies that aren’t ready to be identified, Dawson said. While some hotels have deployed them, SoftBank is narrowing its marketing focus to retail and retail banking uses, Dawson said. The company makes a separate robot, NAO, for use in schools.

Dawson stressed that the company’s robots are built to provide information, not perform physical labor like stocking shelves or folding clothes. And sorry, Pepper can’t bring you a cold drink. And that’s good for human workers.

“We want automation that assists the workforce, not replaces it,” Dawson said.


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