Shanghai gets automated bank

A bank in Shanghai has opened an automated branch equipped with face-scanning software, a virtual reality room and talking robots.

Missed paying dues on your Communist Party membership? There's a bank for that - and it's fully automated.

The outlet opened by Beijing-based China Construction Bank in Shanghai's Huangpu district last week has been dubbed China's first "unmanned bank."

State-owned China Construction Bank says it's meant to make banking more convenient and efficient.

Analysts are skeptical, saying it's a gimmick that does little to automate banking beyond the usual ATM and online banking services.

The bank is attracting throngs of curious observers with its cutting-edge equipment.

China's traditional banks are under pressure from internet competitors and mobile payment applications that enable users to pay for goods using smartphones.