How Federal Bank is using artificial intelligence to hire

Private-sector lender Federal Bank is now using artificial intelligence as a tool to hire officers during campus recruitments. Using an AI-application called FedRecruit, the bank wants to shed the image of a traditional bank and be more millennial-friendly. In an interaction with Moneycontrol, Ajith Kumar K K, EVP and Chief Human Resources Officer of Federal Bank said that the bank is trying to creating a ‘wow’ factor for potential candidates. “Youngsters are technologically advanced in their level of knowledge. Our new application ensures that there is no paper involved in recruiting. Students just need to download the app and all the processes happens through that,” he added. Once the application is downloaded, the student is guided through a set of processes that help streamline the hiring process. The bank is looking to hire about 650 students (as officers) by March 2020 through this application. These students will join the bank between May and July 2020.

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