Danske Bank’s Robot ‘Elton’ to Help Homeless Receive Payments
A logo sits above the entrance to a Danske Bank A/S branch in Copenhagen, Denmark, on Tuesday, Nov. 12, 2013.
Photographer: Freya Ingrid Morales/Bloomberg
This article is for subscribers only.
Denmark is at the frontier of the cashless society, with less than a fifth of all transactions now carried out using old-old fashioned notes and coins. But what about the homeless?
Enter “Elton the Robot.” Developed by the country’s largest bank, Danske Bank A/S, and Valcon, a consultancy, Elton is in fact a computer program that will quickly credit their accounts (yes, even the homeless are entitled to a bank account in Denmark).