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Nearly every global bank is experimenting with blockchain technology as they try to unleash the cost savings and operational efficiencies it promises to deliver.
Banks are exploring the technology in a number of ways, including through partnerships with fintechs, membership in global consortia, and via the building of their own in-house solutions.
In this report, Business Insider Intelligence outlines why and in what ways banks are exploring blockchain technology, provides details on three major banks' blockchain efforts based on in-depth interviews, and highlights other notable blockchain-based experiments underway by global banks.
It also discusses the likely trends that will emerge in the technology over the next several years, and the factors that will be critical to the success of banks implementing blockchain-based solutions.
New and existing Greenhouse clients, which include more than 2,600 companies such as Warby Parker, Airbnb, and Cisco Meraki, will gain unfettered access to IBM Watson Candidate Assistant, a suite of AI-powered tools that match jobs to candidates (and vice versa) based on their personalities, skills, and interests.
According to IBM, Candidate Assistant drives on average to a three times increase in application conversion rate and reduced candidate abandonment, and its users are 64 percent more likely to secure in-person interviews.
At the time of the fundraising announcement, Greenhouse CEO Chait said the company would use the new capital to scale its diversity and inclusion feature, which organizes demographic data and suggests ways users can act more fairly when they’re writing job postings, conducting interviews, and making referrals.