SYDNEY, Oct. 25 (Xinhua) -- An Automatic Teller Machine (ATM) that allows customers to withdraw money using their face completed it's four-day exhibition on Thursday, at the SWIFT International Banking Operations Seminar in Sydney.
Powered by a cloud computing application that harnesses artificial intelligence (AI) technology, the cutting-edge cash machine was developed by the National Australia Bank (NAB) in collaboration with Microsoft's Azure Cognitive Services.
"We believe AI will profoundly impact financial services and the sorts of solutions that banks will be able to deliver in the future," NAB Chief Technology and Operations Officer Patrick Wright said in a statement.
"Cloud technology allows us to take advantage of features and capabilities that are world-leading and enable us to deliver at pace for our customers," Wright said.
Designed as a prototype solely to gage customer experience, the machine is able to recognize a person's face with a single scan allowing them access to their bank account.
According to NAB, however, for safety reasons, no images are stored by the program, just the "biometric data."
But while customers may not have to remember to bring their key card, they will still have to remember their pin number in order to access their funds.
