24 September 2017
Find out more

Lloyds bends reality for graduate intake

13 October 2016  |  9024 views  |  0 Lloyds virtual reality

Lloyds Banking Group is to use virtual reality technology to test the mettle of its 2017 graduate intake, placing candidates in a computer-generated simulation to assess their reactions.

Lloyds annually receives over 20,000 applications from graduate applicants, seeking one of just 14 placements in its Graduate Leadership Programmes.

The bank says it will use virtual reality technology on those candidates interested in joining its digital and IT schemes to present them with situations that would otherwise be impossible to test in a conventional assessment. The candidate will have complete freedom of movement within a 360 degree virtual world and will be able to move virtual objects using tracked motion controls.

While not disclosing the nature of the tasks, Lloyds says the cohort will be presented with a series of puzzles designed to draw out their strengths and capabilities and earmark potential future leaders.

Chris Jackson, performance, talent & development director, says: “Adopting virtual reality into the assessment process demonstrates the Group’s commitment to digital transformation. We are the first organisation to use this pioneering technology to assess the strengths of potential future leaders of our organisation.”
KeywordsPEOPLE

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Lloyds takes the axe to more staff

Lloyds takes the axe to more staff

12 October 2016  |  4460 views  |  0 comments | 2 tweets | 5 linkedin
CommBank uses virtual reality for kids financial education programme

CommBank uses virtual reality for kids financial education programme

10 October 2016  |  7222 views  |  0 comments | 11 tweets | 10 linkedin
Lloyds seeks head of fintech discovery

Lloyds seeks head of fintech discovery

20 September 2016  |  7455 views  |  0 comments | 15 tweets | 2 linkedin
Lloyds Bank launches mentoring service for fintechs

Lloyds Bank launches mentoring service for fintechs

18 July 2016  |  7885 views  |  0 comments | 15 tweets | 8 linkedin
Lloyds runs Digital Expert Days for marketing staff

Lloyds runs Digital Expert Days for marketing staff

23 May 2016  |  7349 views  |  0 comments | 6 tweets | 2 linkedin
'More Google than Gringotts': Explaining Lloyds' digital talent strategy

'More Google than Gringotts': Explaining Lloyds' digital talent strategy

14 April 2016  |  10862 views  |  0 comments | 17 tweets | 19 linkedin
Citi taps Microsoft HoloLens for virtual reality trading

Citi taps Microsoft HoloLens for virtual reality trading

07 April 2016  |  14378 views  |  0 comments | 27 tweets | 15 linkedin
Payment-enabled golf gloves and virtual reality shopping specs hit the PGA Tour

Payment-enabled golf gloves and virtual reality shopping specs hit the PGA Tour

16 March 2016  |  7987 views  |  0 comments | 12 tweets | 14 linkedin
Lloyds partners Google on data analytics

Lloyds partners Google on data analytics

04 March 2016  |  20885 views  |  0 comments | 40 tweets | 33 linkedin
Innovation types - Lloyds is hiring

Innovation types - Lloyds is hiring

01 March 2016  |  6333 views  |  2 comments | 1 linkedin
Lloyds launches Digital Banking Hub

Lloyds launches Digital Banking Hub

18 January 2016  |  20793 views  |  6 comments | 34 tweets | 35 linkedin
Lloyds creates digital skills training course for IT staffers

Lloyds creates digital skills training course for IT staffers

22 October 2015  |  8285 views  |  0 comments | 16 tweets | 10 linkedin
Lloyds challenges student coders to develop gamified banking apps

Lloyds challenges student coders to develop gamified banking apps

20 April 2015  |  8091 views  |  0 comments | 15 tweets | 9 linkedin
Fidelity takes portfolios into virtual reality with Oculus Rift app

Fidelity takes portfolios into virtual reality with Oculus Rift app

19 November 2014  |  6973 views  |  2 comments | 6 tweets | 3 linkedin
Lloyds opens digital-only training scheme for new graduates

Lloyds opens digital-only training scheme for new graduates

17 November 2014  |  9086 views  |  0 comments | 14 tweets | 5 linkedin
Lloyds commits £1 billion to digital amid massive job cuts and branch closures

Lloyds commits £1 billion to digital amid massive job cuts and branch closures

28 October 2014  |  16814 views  |  0 comments | 20 tweets | 19 linkedin
Wells Fargo steps into Oculus Rift at new digital lab

Wells Fargo steps into Oculus Rift at new digital lab

01 October 2014  |  7802 views  |  0 comments | 11 tweets | 8 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
download the paper nowvisit www.sibos.comvisit www.temenos.com

Top topics

Most viewed Most shared
HSBC switches on selfie payments in ChinaHSBC switches on selfie payments in China
13316 views comments | 28 tweets | 44 linkedin
AXA launches blockchain to cover late flight compensationAXA launches blockchain to cover late flig...
9573 views comments | 13 tweets | 28 linkedin
Apple P2P payments service nears launchApple P2P payments service nears launch
8564 views comments | 19 tweets | 27 linkedin
SBI Ripple Asia advances on South KoreaSBI Ripple Asia advances on South Korea
8266 views comments | 16 tweets | 1 linkedin
European Commission makes fintech a priority in supervisory shakeupEuropean Commission makes fintech a priori...
8037 views comments | 32 tweets | 45 linkedin

Featured job

circa £250K total package
London

Find your next job