Russian banking group Sberbank has partnered with technology major Microsoft Research (MSR) to explore the use of Microsoft AI solutions in robotics.

Both partners will work together on AI algorithms to train robots to deal with physical objects similar to humans so that the robots can perform coin counting at the branches.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Under the agreement, Sberbank research engineers and their MSR counterparts will work together in Redmond, US.

The partners will leverage Microsoft’s AI platform along with simulation modelling in virtual reality to develop autonomous AI systems.

The new system will include video cameras, a manipulator, and an arm grabber, to boost the occupational safety of the operators who unload coin bags from carts at cash handling and cash-in-transit centres.

Sberbank chairman of the executive board and CEO Herman Gref said: “Sberbank has committed to spearheading AI evolution under the Digital Economy national programme, which is why it’s crucial that we adopt the best global practices.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“We are looking for the optimal ways to apply our in-house solutions and patents when addressing the issues facing the bank and running the strategic nationwide initiatives in this area. These are the reasons behind our cooperation with Microsoft, an industry leader which has been investing in AI development for over 25 years.”

Microsoft Russia president Kristina Tikhonova stated: “Leading the digital transformation in Russia, Sberbank is a bright example showing that in the new economy any company grows into an IT company.

“By uniting our AI expertise and due to the high level of trust between the companies we should achieve impressive results that’ll contribute to the innovative development of the bank and other industries in Russia.”