Comments
Reserve Bank Innovation Hub (RBIH) has joined hands with IIT Madras Research Park (IITMRP) and IIT Madras Incubation Cell (IITMIC) to introduce voice-banking solutions to eliminate language barriers across the country, a report said.
The initiative of RBI and IIT Madras aims at conducting basic banking transactions through voice-controls in Hindi, Tamil, Telugu and English, in the initial stage. Voice-banking will assist the illiterate and the visually impaired in their banking needs.
State Bank of India (SBI), Axis Bank, Kotak Mahindra and IDFC First conducted a codefest on voice-banking called ‘Vaulter Voice’ at the IIT Madras Research Park. Young professionals, start-ups and students took part in the codefest to showcase the potential of voice-banking services.
From the registrations received, IITMRP has shortlisted nine teams to work on a six-hour codefest for solutions.
In a report, President of IIT Madras Research Park, Ashok Jhunjhunwala, said a pilot project should be available in 12 to 18 months.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.