TAtech Global News Bulletin: bowmo makes an acquisition, Smashfly & Paradox team up, and Hyr and StaffMe raise money

Peter Weddle

A weekly summary of trending news & commentary for busy talent acquisition technology execs and professionals.

Commentary

Hackers are always on the prowl for sensitive business data. Current forecasts of information security threats suggest that data breaches and cybercrime will continue to menace enterprises large and small throughout 2018. Worse still, cybercriminal tactics are evolving in consequential and ingenious ways that cost businesses an average of $3.62 million per data breach. Here are some of the most hostile IT security threats to prepare for and why working with tech recruiters can improve the potency of your cybersecurity strategies.

Security Flaws in Your Processors
As the New Year began, security researchers stumbled upon serious CPU vulnerabilities in the Intel, AMD, and ARM processors. Because most devices are equipped with a processor from one of these three ubiquitous brands, this might very well be the mother of all information security threats in 2018.

Cybercrime-as-a-Service
Hackers are now slashing the difficulty it takes to start a career in cybercrime. In the tradition of the “Anything as a Service” model, hackers and crime rings are increasingly selling tools and services that enable IT laymen to effortlessly compromise data. No longer do the people pursuing your data need to understand how to write code, navigate network security, or play around with social engineering. They just need to pay to play.

Artificial Intelligence Turned Swindler
Machine learning is being weaponized to steal your data. Studies have found that AI using phishing tactics on social media had a 30% to 66% click-th…. Their human counterparts are lucky if they can get a fraction of those results.
Posted by TransTech Staffing on January 23, 2018 at 2:59pm, Reposted by Recruiting Blogs

Job Boards, Social Media Sites & Recruitment Advertising

Cielo, a leading strategic Recruitment Process Outsourcing (RPO) partner, is making a significant investment in Talentify, a talent acquisition technology company that believes there is a simpler way to leverage technology in recruiting experiences. Talentify is centered on quickly connecting matched applicants with hiring managers, while creating more meaningful interactions in the process. FLUX by Talentify is the firm’s revolutionary first product; a technology that automatically attracts, screens, and schedules high-volume hourly candidates for interviews with hiring managers. FLUX by Talentify combines recruitment marketing, behavioral psychology and experience design to deliver dramatically different results – a better velocity, quantity and quality of candidate.

Grafter, a new free digital solution for business to rapidly engage flexible workers, has now officially launched. The concept was conceived by Tom Cape in 2016 and co-founded with Richard Knight in June 2017. Grafter has already attracted over 7,000 registered users and achieved 156% overfunding on crowd-funding platform, Crowdcube in Autumn 2017. Grafter is designed for businesses seeking flexible or part time local workers in building/construction, farming, landscaping, delivery, warehousing, leisure, events and factory/light industry and self-employed workers seeking flexible or part time work that doesn’t demand qualified skills or past experience.

Hyr, a Toronto, Canada-based firm, announced a $1.6 million CAD seed round led by Flybridge Capital Partners, with participation from Newark Venture Partners and XFactor Ventures. This latest injection brings Hyr’s total funding to $2.9 million. Hyr’s platform allows restaurants and retailers to a worker to fill shifts on demand. Shift workers looking for extra money can scroll through postings that include pay rates, location, and include their desired schedule, while restaurants can post listings and view profiles of potential candidates. The service also lets users get paid at the end of each shift instantly and collect ‘UPoints,’ which can be redeemed for paid days off, or put towards personal goals like savings or health benefits.

StaffMe, a Paris, France-based provider of a platform that connects companies with temporary staff, raised €3m in Series A funding. Backers included Turenne Capital and M Capital Partners. The company plans to further accelerate its business reach in France. Led by president Amaury d’Everlange, StaffMe leverages algorithms to connect freelancers with temporary staff in such fields as sales, administration, and logistics. The company currently has approx. 1,000 clients. Source: Finsmes

Sourcing, Matching, Assessing, Communicating (SMAC) Technology

CareerBuilder Employment Screening has announced that independent auditors conducting a Service Organization Control (SOC) 2 Type 2 examination on the company’s operations have issued a report which reads that CareerBuilder Employment Screening management maintains effective control over the privacy, security and confidentiality of its employee background screening system. The American Institute of Certified Public Accountants (AICPA) established the SOC guidelines to protect customer and third-party information. This Type 2 report, produced by independent auditor A-Lign, details the testing of the security and availability controls used in production at CareerBuilder Employment Screening. Source: Jobs Portal Watch

Recruiter.com, an online global recruitment marketplace platform, announced a partnership with HireMatch.io, one of the most advanced cryptocurrencies for the worldwide job market. The relationship will allow job seekers, employers, and recruiters all over the world to leverage the innovative new HireMatch (HIRE) cryptocurrency token. HireMatch is the first decentralized blockchain employee recruitment platform that eliminates the friction and costs of third-party intermediaries in the search for talent. The (HIRE) cryptocurrency will be propagated on the Recruiter.com marketplace platform to transact splits. Employers will also be able to use the (HIRE) currency to post jobs on the marketplace platform. As a currency that adds value to multiple stages of the recruitment life cycle, the (HIRE) currency also allows job seekers to refer friends or business associates to fee-based jobs and earn a reward in return. The technology will be tied into the ERC20 blockchain. It will also be a token standard, ensuring that wallet apps and exchanges can accept and interact with any ERC20 token easily. The token will be trading on multiple trading platforms in the coming months.

Leoforce announced a strategic integration partnership between Arya, their AI recruiting platform, and leading ATS and CRM provider, SmartSearch. This addition to their growing list of partners will create a seamless artificial intelligence candidate sourcing, applicant tracking, and candidate relationship experience for both Arya and SmartSearch users.

Preferhired, a leading online candidate referral platform for modern recruiting processes, announced a partnership with Workable, a leading global provider of applicant tracking systems (ATS), that will bring best-in-class referral and applicant tracking capabilities to its cloud Employee Referral Program (ERP) suite and client base. This partnership will provide organizations a comprehensive talent acquisition solution. The integration will further boost Preferhired’s overall offering and help customers gain more value from their technology investments.

AI & Machine Learning

bowmo, Inc., the New York City-based HR Software as a Service company. announced its acquisition of Mainz, a recruitment and services company founded by Magna, an investment firm based in NYC. The acquisition marks a strategic investment into an innovative recruiting service process coined ‘Recruiting as a Service’ (RaaS). The addition of the Mainz recruiting process into the bowmo AI-based Machine Learning software platform will allow for an accelerated, efficient and value-based recruiting experience for both organizations, clients and prospects.

Paññã, a revolutionary online recruitment solution developed by Mroads was announced recently. Paññã will redefine the way companies hire talent in the modern day. With this platform, hiring can be done through the AI-based video conference application. The US-based company has also recently launched a crowdfunding campaign on Kickstarter to raise money and support for Paññã. Source: Jobs Portal Watch

Smashfly Technologies, a leading enterprise Recruitment Marketing platform provider, announced a new technology, sales and marketing partnership agreement with Paradox, creator of the Olivia AI Recruiting Assistant. The SmashFly and Paradox alliance will focus on product integration, co-marketing activities, and a formal sales referral process. Both organizations will be able to seamlessly go to market with an integrated solution, extending their shared success in transforming the candidate experience.

Textkernel has reached a milestone with the successful application of Deep Learning to its CV and job parsing algorithm. This resulted in a major qualitative leap in the way Textkernel’s intelligent products are able to accurately parse CVs. Extract! 4.0 shows an increased accuracy rate across a large range of fields, with error rates decreasing by 20 to 30 per cent on average.

The TAtech Leadership Summit on AI/Machine Learning in Talent Acquisition will be held on February 12-13, 2018 at the SkySong Innovation Center in Scottsdale, Arizona USA. The Conference begins with an optional, free Golf Tournament at the world famous Talking Stick Resort on February 12th. Then on the 13th, the Summit itself features an agenda jam-packed with some of the smartest people working with AI and machine learning in recruitment. The conference is designed for tech company CEOs and their direct reports and for HR/TA execs and senior recruiters.

Standards & Best Practices

TAtech announced that Bogomil Balkansky, Google’s VP of Cloud Recruiting Solutions, would be one of the speakers at TAtechEurope. Bogomil oversees all go to market aspects of Google Cloud’s recruiting initiative including Google’s AI work in the talent acquisition area. He’ll be speaking twice at the event. His first session will be on some of Google Cloud’s AI developments during the pre-con AI Summit on March 13th. Then, he’ll be speaking again during the Summit, itself, where he’ll discuss all of Google’s talent acquisition initiatives, the role he sees them playing in the industry both today and down the road, and his vision for the larger TA technology field.

TAprose and TAtech Global News Bulletin are brought to you by TAtech: The Association for Talent Acquisition Solutions.

Mark Your Calendars! TAtech’s 2018 events include:

• February 12-13, 2018 Scottsdale, Arizona USA: The TAtech Leadership Summit on AI/Machine Learning in Talent Acquisition – the only conference totally focused on the capabilities and impact of AI/ML/NLP in recruitment.

• March 13-14, 2018 Dublin, Ireland: TAtechEurope 2018 – the premier event for recruitment advertising and technology thought & business leaders in Europe, the Middle East and Africa.

• April 18-19, 2018 Las Vegas, Nevada USA: The TAtech Spring Congress & Meetup – a unique conference designed to maximize opportunities for B2B networking, trending topic discussions and the exploration of partnerships and business opportunities.

• June 5-6, 2018 Minneapolis, Minnesota USA: The TAtech Leadership Summit on Programmatic Ad Buying – the only conference totally focused on the technology and applications of programmatic ad buying by both publishers and advertisers.

• September 26-27, 2018 Bourbon Street New Orleans, Louisiana USA: The TAtech Fall Congress & World Job Board Forum – the only conference that brings together the global thought and business leaders of the TA technology industry.

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