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Lie detecting ATMs in Russia soon, India should have the same
A top Russian bank plans to soon introduce lie detecting ATMs in the country. The move has been prompted by the increasing number of bank frauds in the country in the last few years. India also needs such machines to deal with ATM fraud.
RUSSIA’S BIGGEST bank Sberbank is currently working on the first of its kind lie detecting ATM. The move aims at dealing with the increasing number of consumer credit frauds in the country. The high-tech machine can scan passports, record fingerprints and can recognize faces. But its most noteworthy feature is the voice-analysis software, helping it figure out whether a person is telling the truth or just lying.
The software will analyse the emotional processing of a person by asking questions like "Are you employed?", and "At this moment, do you have any other outstanding loans?" Victor M. Orlovsky, a senior vice president for technology at the bank, explained, as quoted by NDTV. It will also evaluate other information about the person, including his credit history. Once the person clears the oral test, he/she will become eligible to apply for credit card at the bank, even if he/she has no previous association with the financial institution.
Sberbank tagged in the reputed Speech Technology Center for the development of the voice-analysis software. The bank plans to install the new ATMs at shopping malls, and all the bank branches in the country soon, although no schedule has been fixed yet. If the plan is implemented, the voice detecting ATMs will be the first of their kind worldwide, technology consultants were quoted as saying by NDTV. Meanwhile, Sberbank executives have assured that the new machine will stick to Russian privacy laws, according to NDTV.
Sberbank is not the only one exploring possibilities of automatic banking, other banks such as Deutsche Bank and Citigroup are also doing the same. Both are currently experimenting with futuristic technologies like creating a machine that can sense documents and other such items.
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