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BAI Launches Training Insights for Compliance Training
CHICAGO – April 23, 2019 –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 https://bai.org/traininginsights.
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 https://bai.org/training.