BAI,
a nonprofit independent organization that delivers the financial
services industry’s most actionable insights, announced the launch of
BAI Training Insights, a new innovative tool in the BAI Learning Manager
designed to help financial services leaders develop and document
training plans more efficiently and effectively.
Planning for annual compliance training is often a manual,
time-consuming process involving various departments across an
organization. During the assignment planning process, leaders may assign
the same courses across roles within the organization, regardless if
they are applicable to all positions. This approach can lead to over- or
under-assigning required training, placing financial services
organizations at risk with compliance regulators.
BAI Training Insights equips leaders with the ability to identify the
appropriate amount of training for specific roles, enabling regulatory
training to be easily curated for each position within the organization,
saving significant time spent training. This unique solution also
provides clear documentation to help leaders minimize risk and prepare
for regulatory examinations. Additionally, BAI Training Insights
utilizes comparative analytics to enable leaders to understand how peer
organizations address their regulatory training.
BAI developed Training Insights to address customer concerns about
properly documenting regulatory risks, decision making on assignment of
the proper courseware and benchmarking these decisions against their
peers in the industry. BAI Training Insights automates and streamlines
the complex process of course assignment and enables
cross-organizational collaboration and engagement to help financial
services leaders build a comprehensive, role-based compliance training
program.
“Financial services leaders are looking to maximize the return on their
investment in compliance training in the most efficient way possible,
which is why BAI is providing a new, innovative way to address this
industry need,” said Ed Marcheselli, managing director of BAI Learning
and Development. “BAI Training Insights allows organizations to document
the risks while comparing their training program with a synthetic peer
group, using analytics that only BAI can provide.”
For more information about BAI Training Insights, visit www.bai.org/traininginsights.
About BAI
As a nonprofit, independent organization, BAI delivers the financial
services industry’s most actionable insights, enabling leaders to make
smart business decisions every day. We’re passionate about the trusted
information and powerful tools that provide leaders with the clarity and
confidence needed to drive positive change and move the financial
services industry forward. For more information, visit www.bai.org.
About BAI’s Learning and Development
BAI offers comprehensive compliance training and professional
development education to more than 1,800 financial services
organizations, including banks, credit unions, mortgage companies and
nonbank financial services organizations. More than 275,000 financial
services employees take compliance and professional development training
from BAI every year. In addition to training courseware, BAI offers
tools such as webinars, whitepapers, regulatory update summaries and
events, which help leaders stay current and better prepared to handle
upcoming regulatory changes. The BAI Learning Manager, a learning
management system specifically designed for the financial services
industry, helps reduce the administrative impact of training management
with the latest technology. BAI’s role-based courseware can save 30
percent in training time and help increase learner ROI through the
latest in interactive learning design. For more information, visit www.bai.org/training.
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