ASIMOV Creation Demonstrates Daily Tasks Expertise

Federal Bank MD & CEO Shyam Srinivasan handed over the sanction letter to robot Sayabot

KOCHI, Sep 5 (The CONNECT) – SAYABOT, a robot created by ASIMOV Robotics Pvt Ltd, received loan sanction letter from Federal Bank MD & CEO Shyam Srinivasan marking the bank’s support to technology development.

The robot demonstrated a preview of its abilities to take up everyday tasks, with deftness and dexterity.

Federal Bank said it continues to pioneer technology driven innovation. Walking the talk, the bank, has a thriving team at their Digital Centre of Excellence (DCE), a young and dynamic team working at the Kerala Start-Up Mission premises to jam with the fintech ecosystem and is progressively moving ahead in the AI innovation space.

The bank’s “FedHive” is its one stop digital command centre that enables the brand to instantly manage online reputational risks, generate new opportunities and offer enhanced customer service.

 This belief in technology and the leverage it can give businesses and societies, is in line with the Digital India and Make in India initiatives.  Federal Bank is actively supporting innovation in areas of healthcare, hospitality, public transport etc.  In line with the thought, the bank gave tail wind to ASIMOV Robotics Pvt Ltd, a firm innovating in the robotics space, by sanctioning a loan to further their growth ambitions.

Shyam Srinivasan, MD&CEO of the bank said, “We follow our mantra ‘Digital at Fore, Human at Core’ as our lifeline. Over 230+ RPAs (robotic process automation) and 300+ APIs are helping us both increase productivity and engage meaningfully with a range of Fintech Partnerships. As a socially responsible and digitally empowered corporate, we have made inroads in supporting firms to convert their finest ideas into reality which would ultimately benefit the society at large.”