Five Reasons to Check Out Omega Performance’s Updated eLearning As a leader in the financial services training industry, Omega Performance continuously strives to provide banking and lending organizations with high-quality, innovative solutions. Recently, we finished relaunching all of our eLearning courses with a fresh new look and feel to enhance the learning experience and improve
READ MOREU.S. Department of the Treasury Recommends Regulatory Relief for Community Banks and Credit Unions
U.S. Department of the Treasury Recommends Regulatory Relief for Community Banks and Credit Unions Though community banks hold less than 20 percent of the banking industry’s assets, they account for nearly 50 percent of small business loans. Why are small businesses more inclined to fuel their growth using community-based lenders, rather than regional or national
READ MORECredit Unions Thinking of Ramping Up Commercial Loan Opportunities
Credit Unions Thinking of Ramping Up Commercial Loan Opportunities With recent changes to member business lending rules, credit unions have new opportunities to target areas of commercial and business lending that were previously unavailable to them. According to an article by the Philadelphia Federal Reserve, credit unions have been increasing their market share since 1998,
READ MOREUnderstanding the 2018/2019 Training Effectiveness Benchmarking Report
Understanding the 2018/2019 Training Effectiveness Benchmarking Report The Benchmarking Report is real data from real learners from around the globe who have taken Omega Performance’s seven most popular courses and features an easy-to-understand graphical format depicting one course per page. Below is a graphic showing our Commercial Loans to Business benchmarking page, along with simple explanations
READ MOREBest Training Methods for Ensuring that Lenders Retain and Gain Information
Best Training Methods for Ensuring that Lenders Retain and Gain Information Last week, Omega Performance hosted a webinar to encourage lending organizations to incorporate our Case Study Library into their training. This unique approach to case-based application is designed to help learners apply and expand their lending knowledge, and—when used in conjunction with foundational credit
READ MOREBank Simulation Training: Advantages of the Virtual Workspace
Simulation Learning: Advantages of the Virtual Workspace When you think of simulation learning, you probably think of flight simulators for pilots, or medical simulations for healthcare workers. But what about simulation learning to help your financial institution’s employees become better lenders? Simulation is the artificial representation of a real-world process. It can help learners develop
READ MOREOmega Performance Releases New Case Studies Based on Your Feedback
Omega Performance Releases New Case Studies Based on Your Feedback Omega Performance continuously strives to provide you with high-caliber content. As part of that, we often reach out to our clients to find out how we can best meet their training needs. We recently surveyed our clients about the kinds of Case Studies they’d like
READ MOREIf You’re Not Learning, You’re Forgetting
If You’re Not Learning, You’re Forgetting When you were in school, did you ever cram for an exam the night before? If so, did you forget much of the information shortly afterwards? Ebbinghaus’ Forgetting Curve—or, more simply, “the Forgetting Curve”—shows how newly learned information is lost exponentially over time if it’s not used. Basically, the Forgetting
READ MORECase Study Learning Approach – a Risk-Free, Accelerated Skill Builder
Case Study Learning Approach– a Risk-Free, Accelerated Skill Builder In a commercial bank environment, lenders with commercial or small business lending responsibilities must quickly develop higher-level analytical thinking to accurately evaluate credit risk. Analysis experience develops naturally over a period of years, as lenders work with different types and sizes of businesses, different industries, and different
READ MOREClose the Talent Gap with Credit Risk Training to Attract and Retain the Best Employees
Close the Talent Gap with Credit Risk Training to Attract and Retain the Best Employees Senior executives in the banking industry are retiring, and banks are hard-pressed to replace them. Intensifying the problem is the fact that during the Great Recession, financial institutions hired fewer bankers in their mid-30s and 40s. Moreover, technology has eliminated
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