Background:
SLM Holdings, a leader in cutting-edge fintech solutions, is on a mission to revolutionize the digital banking landscape. Their latest project involves developing a groundbreaking product: a new-age ATM powered by artificial intelligence, promising advanced features to enhance the banking experience.
Before:
- Many ATMs feature outdated coin counting systems, often limited to just four coin types, leading to decreased utility and user satisfaction.
- Tradicional ATMs rely on mechanical coin counting system that are prone to breakdowns and require adjustments when currency formats change, leading to a system rebuild, high maintenance costs and downtime.
- Need of a solution to count coins that wasn’t mechanically driven and wanted to incorporate technology that uses a camera for counting money faster and more accurately.
- Tried to reach different providers, however they only presented solutions with excessive requirements.
- Needed to validate their product ideas and hypotheses to attract investor funding.
After:
- Developed a coin counting component using AI and Computer Vision.
- Achieved an accuracy rate of over 99%, accurately identifying and tracking different count types in real time under varying lighting conditions and angles.
- Seamless integration of the counting component with other parts of the system.
- Faster and more accurate coin counting processes have led to a notable increase in user satisfaction.
- SLM Holdings was able to differentiate themselves in the market, secure funding from investors and ramp up product development.
Process:
- Select embedded hardware components like microcontrollers and cameras.
- Gather diverse coin image data for training the machine learning model.
- Implementation of a customized object detection model for accurate coin detection and tracking in real-time, adaptable to diverse lighting conditions and orientations.
- Optimization of processing algorithms to meet the demands of real-time coin recognition, ensuring instantaneous display of total amounts.
- Creation of an intuitive PiTFT touchscreen interface, optimized for functionality and simplicity, enabling seamless user control and unlocking the full potential of real-time coin recognition in digital banking.
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Their expertise, also paired with his strong communication and collaboration skills, provided our team with great confidence in his ability to assist with our project and deliver high-quality results
