Bank leverages gamification and machine learning techniques to tap into a diverse talent pool, whilst also providing students with the opportunity to gain knowledge of financial markets
NEW YORK/LONDON, September 14th, 2015 – Following its time on the Barclays Accelerator programme, Stockfuse, a revolutionary candidate evaluation and talent development platform, today announced that Barclays has selected it to power the first ever Barclays Markets Insight Game as part of its graduate recruitment campaign. By taking part in the game, a total of 18 individuals will have an opportunity to meet with Barclays executives from around the world and be mentored about career opportunities at the bank. Barclays is taking an innovative approach to its global graduate recruitment, expanding the talent pool, improving efficiency, and introducing a “fun factor” to help students increase their commercial awareness and help inform their career choices.
The Stockfuse platform is the first to seamlessly integrate gaming, psychology and machine learning techniques into trading games that provide the most realistic and social trading experience. Stockfuse’s multi-dimensional profiling framework allows candidates to showcase different skillsets for different roles, moving beyond trading skills to encompass cognitive capabilities, risk appetite, engagement, and a multitude of soft metrics.
The Barclays Markets Insight Game is open to all university students in the United States, Asia-Pacific and EMEA. To enter the game, students must register at stockfuse.com to participate in specific games over a set time period. Two winners will be selected from each region during each game period and have the opportunity to meet with Barclays professionals to discuss potential career choices and the different graduate programmes available at the bank. Winners will be determined based on their investment returns, overall thought processes and behaviours. The comprehensive profiles, generated by Stockfuse’s innovative machine learning-based algorithm, are continuously refined as participants make investment decisions or interact with others in the game.
“Stockfuse was created to level the playing field for students and give anyone with the right skillset the chance to shine with leading financial institutions, regardless of their backgrounds,” said Sean McCormack, CEO and co-founder of Stockfuse. “We’re thrilled that companies like Barclays have recognized the promise this type of platform represents – helping them expand their reach in a cost- and time-efficient way while enhancing the diversity and quality of their talent pool.”
Derek White, Barclays Chief Design and Digital Officer said: “At Barclays we recognise that to drive innovation in the financial services sector, there is a need to look outside of the organisation and embrace the innovative start-up ecosystem. Our Barclays Accelerator plays a key role in this. Today we’re celebrating a success from the programme as we partner with and look forward to an exciting future with Stockfuse. We’re delighted that Stockfuse is working with us to utilise fintech to help shape and co-create an innovative new recruitment tool in banking.”
“Digital technology plays a role in nearly every aspect of our lives and business sectors,” said Sharon Gillam, Barclays Global Head of Resourcing & Graduates. “Barclays has a responsibility to support both our existing workforce and new talent in this ever-changing environment. Partnering with leading innovators such as Stockfuse will allow us to tap into a more diverse global talent pool and help cultivate students’ future careers.”
The Barclays Markets Insight Game powered by Stockfuse will enable Barclays to reach out to students studying in any campus in the world and engage with students in a more interactive and innovative manner. Students can access the game at stockfuse.com/barclays from September 14th, 2015.
Stockfuse was one of the ten companies on the latest Barclays Accelerator London programme, chosen from over 500 start-ups in over 60 countries worldwide. Powered by Techstars, the Barclays Accelerator is a 13-week intensive startup programme designed to support new businesses to deliver breakthrough innovations in financial technology.
Stockfuse provides a revolutionary candidate evaluation and talent development platform, employing gamification technology to bring skill-based recruitment to the financial services industry. The platform seamlessly integrates trading, psychology, and machine learning techniques to build trading games that automatically generate multi-dimensional profiles for our users, providing unparalleled insights into their investing style, thought processes, engagement levels, and behavioral biases. With a fully automated workflow and a data-driven approach, Stockfuse allows firms to quickly filter through the profiles of a more diverse pool of candidates, improving talent acquisition and retention. Partnering with the world’s largest financial institutions, Stockfuse seeks to bring an equitable and meritocratic approach to recruitment. To learn more, please visit https://stockfuse.com/ or follow up on Twitter @stockfuse.
Barclays is an international financial services provider engaged in personal, corporate and investment banking, credit cards and wealth management with an extensive presence in Europe, the Americas, Africa and Asia. Barclays’ purpose is to help people achieve their ambitions - in the right way. With 325 years of history and expertise in banking, Barclays operates in over 50 countries and employs over 130,000 people. Barclays moves, lends, invests and protects money for customers and clients worldwide. For further information about Barclays, please visit our website www.home.barclays.
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