Are you looking for the best LMS for financial services / banking to meet your current and future training needs? Here we profile some of the top online learning solutions for finance companies who are looking to stay compliant and even find a competitive edge.
Day One Technologies
Established in 1998, Day One have created online learning solutions for some of the largest financial services organisations in the UK and Europe. Their client list comprises many well-known names, such as Lloyds Business Banking, Halifax, TSB and The Co-operative Bank.
Rather than creating and promoting a one size fits all solution, Day One create bespoke elearning solutions that meet the unique needs and training requirements of every client. However, bespoke doesn’t necessarily mean costly. They have created a modular LMS solution that starts with simplicity and allows them to add and customise additional functionality, so that every client has a tailored solution, while having scope for future additions and adaptations in order to stay flexible and future-proof.
Day One are much more than an LMS vendor, and they are also often chosen for their simulation-based training solutions, which allow learners to practise using systems and customer scenarios in a safe environment.
Their website showcases tangible benefits for a range of clients, including this Lloyds Business Banking Case Study, where Day One’s solutions reduced induction attrition from 20% to 5% and reduced after-call work time by over 50% (among other improvements) within 3 months of implementing their finance LMS and simulated systems.
Talk to Day One if: You’re looking for a learning management system, simulations, or scenario-based elearning content for the financial services industry and you’re based in the UK or mainland Europe.
The NetDimensions Talent suite includes one of the top multilingual learning management systems available. The company has a global presence, with offices in the USA, UK, Germany, Hong Kong and Australia.
NetDimensions has had a long term focus on training systems for high consequence industries, which include Manufacturing, Aviation, Medical and Pharma, as well as Finance.
With this focus on consequence comes an LMS for finance that is set up to help clients with compliance for the financial services industry. Common content delivered includes anti-bribery, anti-money laundering and anti-corruption training, while ensuring that employees are kept up to date with the latest regulations and Standard Operating Procedure.
NetDimenions help clients to avoid the potential heavy industry fines that can result from non-compliance, as well as the resulting reputation management issues that can often be even more damaging.
Talk to NetDimensions if: You are a financial services organisation with a global presence and could benefit from local support in multiple territories and / or if you need an LMS with major focus on training for risk management and compliance.
Developed by US and Indian technology company, Gyrus Systems, GyrusAim is one of the leading LMS for banking and finance training in the US.
This learning management system is very focused on helping clients to ensure compliance through proactive notifications to training administrators where there are skill-gaps or learning refresh requirements.
The expiry of certifications is a common, but easily avoided, reason for non-compliance with the latest legislation. GyrusAim offers both the early warning system and the means of fast and accessible delivery of the latest content, as well as detailed reporting.
Talk to Gyrus if: You’re a US-based financial services company that needs to take the headache and admin out of regulatory compliance training.
If you’re looking for an LMS for financial services or banking training delivery, then one of the above solutions could work well for your organisation.
If you’d like to discuss your unique elearning requirements, feel free to contact us here at Learning Light.