Nao was born in 2006 after years of development / London Live

The robot named Nao will be able to greet customers in 16 different languages and advise them on the bank's products

First it was robots making ice cream, then you had robots selling coffee machines, now developers in Japan have created a robot that can advise customers on their finances.

Japan’s largest bank, Mitsubishi UFJ Financial Group, has unveiled an all-talking and all-walking robot employee that is set to be introduced into their Tokyo branches this year.

The first version of the robot named Nao, was created in 2006 after being developed by French robotics company Aldebaran Robotics.

Its latest incarnation is now set to begin work at the bank on a trial basis in April.

Video: Watch Nao in action below

Standing at 1ft 11in tall, Nao has been branded the robot with a “human touch” and will be expected to carry out basic tasks, which include greeting customers, calculating currency exchange and explaining the bank’s products.

Nao is also able to speak and understand 16 different languages and read customer’s emotions through new facial expression recognition software.

It was unveiled at a special launch in Japan’s capital last week, in which Nao conducted a faultless conversation with an English-speaking customer in front of the press.

Nao is the latest in a long list of robots to be unveiled by Japanese companies in the past year.

In October, Nestle Japan announced plans to roll out 1,000 robots to help sell their coffee machines in department stores across the country.

This was followed by the news in January that theme park  operator Huis Ten Bosch were drawing up plans to create a hotel that was staffed entirely by robots.

The move towards more investment into artificial intelligence in Japan was prompted by President Shinzo Abe’s who called for “robotics revolution” in the country.

In a plan to stimulate growth amid a shrinking workforce, Abe has called on companies to pump money into robotic development.

This was shown last year when the Japanese premier set up a Robot Revolution Realization Council last year.