Learning Management for Financial Services Firms

Banks. Insurance firms. Asset management companies. Organizations operating in the sea of financial services face more regulations than perhaps any other industry, constantly having to navigate the rule-based, compliance-driven, ever-changing waters in which they operate. Particularly in today’s global environment, these institutions must be able to comply with new rules, prove compliance and train employees to comply – and all the while, maintain a competitive edge. Not always an easy task. But with proper learning management, it can be done.

Putting yourself in the shoes of a financial services learning officer, charged with training and certification, how would you succeed given such an immense responsibility? What would be on your list of main concerns? Your list would, most likely, look something like this:

  • Access to training data to track employee compliance for frequent audits
  • Rapid delivery of training on Standard Operating Procedures to meet changing regulations
  • Training to ensure compliance with local, state (if you’re in the U.S.), and global regulations such as anti-money laundering, Sarbanes-Oxley, anti-bribery and anti-corruption
  • Alignment of certifications and training of new employees gained through mergers and acquisitions
  • Reduced talent management administration costs to improve bottom-line results

Getting started with an LMS

In 2015, a well-known U.K.-based global financial services firm embarked upon a project to replace its Learning Management System (LMS), to accomplish goals similar to those mentioned above.

The firm helps organizations by increasing users’ competence, credibility and confidence, optimizing performance and enabling excellence. It selected NetDimensions to provide a flexible and multi-language LMS, which could be customized based on global corporate requirements.

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