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How are Banking and Finance Firms Leveraging Robotic Process Automation?

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With banking and financial transactions going digital, the preservation of banking and financial firms are tremendous to primarily, boost productivity and secondly, cut the operational cost.

With this rising demand, banks and financial firms are actively implementing Robotic Process Automation or RPA. The RPA plays an active role in automating the business processes that were previously done manually.

This automation is extremely important especially to function in a competitive market. Also, the return on investment in RPA is also extremely high. RPA in banking and financial firms mostly work by combining both robots and artificial intelligence to augment human operations. [Read more…] about How are Banking and Finance Firms Leveraging Robotic Process Automation?

RoboCup Federation and UBTech Robotics team up to improve robots’ football skills

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The RoboCup Federation, famous for organising football matches between teams of tiny Nao humanoid robots, and UBTech Robotics have formed a strategic partnership.

The two companies say they are aiming to achieve “the highest-quality artificial intelligence and robotic research and education as well as respective worldwide visibility”.

Both organizations share the goal of intelligent robots serving and supporting humans in various challenging tasks both at home and at work. [Read more…] about RoboCup Federation and UBTech Robotics team up to improve robots’ football skills

Chinese robotics sector files ‘44 percent of total global patents’

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The Chinese robotics sector generated almost half of total global patents in the most recent year available, according to a new report. 

The figure was published in the Annual Report on the Development of the Robot Industry in China, jointly written by HRG International Institute of Research and Innovation as well as the China Institute of Science and Technology Evaluation.

The two organizations produced what they call the 2021 Blue Book of the Robot Industry, based on their research. [Read more…] about Chinese robotics sector files ‘44 percent of total global patents’

Seoul Robotics launches ‘breakthrough’ perception software platform

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​Seoul Robotics​, a 3D computer vision company using AI and machine learning to power the future of mobility, has made its formal debut in the US market with the launch of its first commercial product, Discovery.

The company, which has been developing sensor agnostic perception software for 3D sensors for the past three years, provides large-scale companies, institutions, and governments with access to LiDAR solutions to support a range of functions and increase efficiency and safety.

The LiDAR market is currently on track to reach more than $3 billion by 2025, fueled over the last decade by companies focused on the development of autonomous vehicles. [Read more…] about Seoul Robotics launches ‘breakthrough’ perception software platform

Locomation completes autonomous truck test involving three states

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Locomation, a startup company providing autonomous trucking technology, has completed an on-road test that involved three different states in America.

The pilot program is intended to showcase autonomous trucking technology for the SmartBelt Coalition (SBC), a collaboration of five transportation agencies and seven research and academic institutions, located throughout Michigan, Ohio, and Pennsylvania.

Over the course of one week, two Locomation trucks performed three separate interstate routes under close observation from representatives of all involved organizations. [Read more…] about Locomation completes autonomous truck test involving three states

China expands testing of digital currency in case US bans yuan

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China is expanding the testing of digital yuan currency to prepare for any further restrictions on its companies by the US. 

So far, US President Donald Trump has effectively banned Huawei in the US and from doing business with US suppliers globally.

Huawei is the leading Chinese telecommunications equipment provider, supplying 5G systems to many countries abroad, and it offers a successful line of smartphones. [Read more…] about China expands testing of digital currency in case US bans yuan

Toyota launches new version of walking rehabilitation robot

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Toyota has launch the new version of its Welwalk WW-2000, a robot designed to provide rehabilitation support to individuals with lower limb paralysis as a result of stroke and other causes.

Orders for the new model commenced in November 2019 and planned to be delivered in February 2020.

The Welwalk WW-2000 upgrades the various features of the prior model (the Welwalk WW-1000), namely the rehabilitation support functions based on motor learning theory and the ease of use in clinical settings. [Read more…] about Toyota launches new version of walking rehabilitation robot