Celential.ai Case Studies Automating Recruitment in FinTech: A Case Study on Celential and Paradigm

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	Automating Recruitment in FinTech: A Case Study on Celential and Paradigm Celential.ai

Automating Recruitment in FinTech: A Case Study on Celential and Paradigm

Celential.ai

Technology Category	Application Infrastructure & Middleware - Blockchain Platform as a Service (PaaS) - Application Development Platforms
Applicable Functions	Quality Assurance
Use Cases	Leasing Finance Automation Visual Quality Detection
Services	Testing & Certification
Challenge	Paradigm, a New York-based FinTech company, was facing a significant challenge in recruiting quality engineers for its operations. Despite its rapid growth and success in automating over-the-counter cryptocurrency trades for institutional traders, the company was unable to attract the right talent. The company's lack of a West Coast presence, an executive team fully occupied with running the business, and the absence of an in-house recruiter were significant obstacles. The situation was further complicated by the ongoing global pandemic, which made traditional recruitment methods less effective and more challenging. Read More
About Customer	Paradigm is a FinTech company based in New York, established in 2017. The company has quickly positioned itself as a leader in online conversational trading, achieving over $1.8B in trading volume in its first three quarters post-launch. Paradigm's primary focus is on automating over-the-counter cryptocurrency trades for institutional traders within a native chat application. Despite its initial success and rapid growth, the company faced significant challenges in recruiting quality engineers, primarily due to its lack of a West Coast presence, an executive team fully occupied with running the business, and the absence of an in-house recruiter. Read More
Solution	Paradigm turned to Celential's AI platform to overcome its recruitment challenges. The platform matched opportunities with suitable candidates, generated automated, personalized recruiting pitches, and delivered engaged and qualified candidates to Paradigm within 48 hours. The AI platform reached out to potential candidates on behalf of the CTO, a strategy that proved to be more effective than traditional recruitment methods. Within a month, one of the early candidates sourced by Celential became a critical engineering hire for Paradigm, marking an 80% decrease in time-to-hire. In the first two months of their partnership, Celential presented Paradigm with 31 candidates, 87% of whom were accepted into the recruiting pipeline. Read More Log in to view content
Contents

Technology Category

Application Infrastructure & Middleware - Blockchain

Platform as a Service (PaaS) - Application Development Platforms

Applicable Functions

Quality Assurance

Use Cases

Leasing Finance Automation

Visual Quality Detection

Services

Testing & Certification

Challenge

Paradigm, a New York-based FinTech company, was facing a significant challenge in recruiting quality engineers for its operations. Despite its rapid growth and success in automating over-the-counter cryptocurrency trades for institutional traders, the company was unable to attract the right talent. The company's lack of a West Coast presence, an executive team fully occupied with running the business, and the absence of an in-house recruiter were significant obstacles. The situation was further complicated by the ongoing global pandemic, which made traditional recruitment methods less effective and more challenging.

About Customer

Paradigm is a FinTech company based in New York, established in 2017. The company has quickly positioned itself as a leader in online conversational trading, achieving over $1.8B in trading volume in its first three quarters post-launch. Paradigm's primary focus is on automating over-the-counter cryptocurrency trades for institutional traders within a native chat application. Despite its initial success and rapid growth, the company faced significant challenges in recruiting quality engineers, primarily due to its lack of a West Coast presence, an executive team fully occupied with running the business, and the absence of an in-house recruiter.

Solution

Paradigm turned to Celential's AI platform to overcome its recruitment challenges. The platform matched opportunities with suitable candidates, generated automated, personalized recruiting pitches, and delivered engaged and qualified candidates to Paradigm within 48 hours. The AI platform reached out to potential candidates on behalf of the CTO, a strategy that proved to be more effective than traditional recruitment methods. Within a month, one of the early candidates sourced by Celential became a critical engineering hire for Paradigm, marking an 80% decrease in time-to-hire. In the first two months of their partnership, Celential presented Paradigm with 31 candidates, 87% of whom were accepted into the recruiting pipeline.

Impact #1	The partnership with Celential brought about significant operational benefits for Paradigm. The AI platform not only expedited the recruitment process but also ensured the sourcing of high-quality candidates, leading to faster hires at a lower cost. The automated, personalized recruiting pitches helped attract a broader pool of candidates, including passive ones. Moreover, the AI platform took over the recruitment process's burdensome aspects, freeing up the Paradigm executive team to focus on other critical business operations. The use of AI in recruitment also proved to be a viable solution amidst the challenges posed by the global pandemic.

Impact #1

The partnership with Celential brought about significant operational benefits for Paradigm. The AI platform not only expedited the recruitment process but also ensured the sourcing of high-quality candidates, leading to faster hires at a lower cost. The automated, personalized recruiting pitches helped attract a broader pool of candidates, including passive ones. Moreover, the AI platform took over the recruitment process's burdensome aspects, freeing up the Paradigm executive team to focus on other critical business operations. The use of AI in recruitment also proved to be a viable solution amidst the challenges posed by the global pandemic.

Benefit #1	87% of the candidates sourced by Celential were accepted into the recruiting pipeline.
Benefit #2	There was an 80% decrease in time-to-hire with the help of Celential's AI platform.
Benefit #3	Celential's AI platform was able to reach out to approximately 300 engineers per week.

Benefit #1

87% of the candidates sourced by Celential were accepted into the recruiting pipeline.

Benefit #2

There was an 80% decrease in time-to-hire with the help of Celential's AI platform.

Benefit #3

Celential's AI platform was able to reach out to approximately 300 engineers per week.

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Overview

Automating Recruitment in FinTech: A Case Study on Celential and Paradigm

Operational Impact

Quantitative Benefit