Deutsche Bank has introduced its first digital employee, named Blue Bot ‘Yi’ within its Corporate Bank division in China.
The digital worker named after its creator Zhu Yi, who is head of China Innovation and Fintech Products at Deutsche Bank’s Corporate Bank.
The new employee is responsible for handling financial reports including real-time customized transaction reports and cash pooling reports, and for processing direct client inquiries, which has already been successfully done for two of Deutsche Bank’s clients in China.
Developed within the bank’s Blue Water Fintech Space in Shanghai, Blue Bot ‘Yi’ has already processed direct client inquiries for two of Deutsche Bank’s clients in China.
Deutsche Bank China corporate cash management head Alvin Ho said: “We aim to empower our clients’ Treasury teams to handle the increasing amounts of documents and data while eliminating human-related errors, reducing repetitive tasks and significantly minimizing turnaround time. All these will be made possible via the deployment of Blue Bot ‘Yi’.”
The first digital worker is still receiving new training to be further enhanced after being integrated with Deutsche Bank’s API and other artificial intelligence capabilities. Its scope of work and capabilities have gone far beyond the basic concept of RPA. This digital breakthrough will help to achieve higher efficiency while reducing costs.
