Training is essential to fortify the core of banking industry for the next wave of disruption. A modern LMS like SeekLMS can help.
The unique convergence of disruptive factors like technology, economy, geopolitics, environment and demographics along with force majeure events like pandemics will result in an unprecedented change in the broader society and economy and consequently in the banking industry as well. In this fast-paced environment, it is imperative to continuously enhance and improve the knowledge and skill sets of the employees across the organization. Talent and Human Resource development teams in the banking sector will need to rethink their training programs from the ground up and leverage technology and software like learning management systems.
A Learning Management System (LMS) is a great way to organize and deliver training. LMS is considered an essential tool for any training program across a wide range of industries, banking and finance is no exception. Some of the top benefits of using an LMS for training in the banking and finance industry:
With a modern LMS in banking, like SeekLMS, you can plan and organize the training program for the entire organization on one platform. You can identify the learner groups, skills development needs across organizations and plan your training objectives, target outcomes, content, resources, instructors, schedules and track progress in one place. So freedom from excels, documents, reports across computers and shared drives.
In this dynamic business environment, many products and services undergo changes at regular intervals. Keeping employees well-trained and up-to-date with these emerging changes may be quite challenging without an LMS. That is why an LMS for finance and banking companies is a necessity.
Timely and effective training is essential for employees to comply with ever-changing policies, regulations and procedures. Seminars and conferences on policies can be replaced with graded training, via an LMS for banking, that will provide insight on how much the associates have understood and retained information.
Training programs tend to become more consistent across locations, departments and operations when delivered through an LMS. Common content, well-thought-out objectives and means to evaluate outcomes of training drives more accountability across the board. All metrics become more easily accessible. Managers and decision-makers can stay up-to-date with their associates' progress.
Well-crafted training programs delivered through a modern finance LMS can improve employee engagement and motivation to complete the training and fulfill the training goals.
Compared to traditional training, LMS-driven training can dramatically reduce the time and costs of delivering training. The hassle of organizing classroom-based training can be completely avoided. With self-paced courses and bite-sized training modules hosted on a cloud-based learning management system for banks, professionals can take the training at any time. In a competitive industry like banking, a lot of time, money and travel can be saved.
Banking and finance are always considered to be ever-growing, fast-paced and super competitive. At SeekLMS, we understand, the need to stay ahead can be overwhelming at times. A well-trained and knowledgeable staff can not only help you stay on the top, but also eliminate costly mistakes. SeekLMS is a leading cloud-based learning management system (LMS) that is a great fit for the finance sector due to its emphasis on flexibility with comprehensiveness. You can throw any training scenario at it and it will find a way for you to deliver that. The features which make SeekLMS standout for the banking and finance sector:
SeekLMS is simple and intuitive and is available both on web-browser and native mobile apps. The user-friendly finance LMS platform ensures that organizations won’t face any difficulty when designing and delivering their training programs through the SeekLMS platform, while also making sure that trainees have an easy time accessing the learning material.
SeekLMS is ready for wide adoption amongst enterprise buyers as the features which matter most to organizations are available. SeekLMS supports role-based access control, security, audit logging, integrations, comprehensive reporting, SLA-based Support, single sign-on and more. SeekLMS has best in class cloud infrastructure under its hood and can scale seamlessly.
You can choose the delivery mode most suitable for your training needs - from self study, instructor-led (class room or web-conference) or blended delivery modes. You can configure course completion rules, traversal rules, assessment options, and certificates. Use bulk actions and preconfigured actions to minimize your administrative overheads and scale your operations.
In-built course creation tool to craft engaging courses. SeekLMS offers a gamification engine that can improve learner motivation and engagement by leveraging innate human desire for competition, self-expression and achievement.
SeekLMS understands how unit economics work for organizations with a large and distributed workforce. SeekLMS is affordable and enterprise-grade and should fit into your training budget.
For training programs to be effective, it is necessary for organizations to build engaging courses. Fortunately, with SeekLMS, you can upload PowerPoint presentations, videos, images, audios, and voice-overs to create courses that meet the learning needs of people.
It is impossible to predict how effective your training program has been unless you have the means to collect feedback from the learners. With SeekLMS, you don’t have to worry about manually collecting feedback. Instead, you can program the platform to automatically collect ratings and surveys from learners, and use the data you receive to tailor your offerings.
A primary reason why LMS in banking is used is to train employees. With SeekLMS, in addition to delivering the training module to your employees, you can also track their learning progress. This will help you detect if there are any gaps in learning that need to be addressed. Real-time data that you can video include insights regarding learners, completions, enrollments, sales forecasts, and more. You can also view monthly trends.
The complete feature list has listing and description of features.
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Learning Management System
Online Academy Software
143 Richmond Road, Rathna Avenue
Bangalore 560025, India
+91 84313 02209