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
READ MOREHow to Reduce Credit Risk and Employee Friction at Banks
How to Reduce Credit Risk and Employee Friction at Banks Determined to increase sales and market share, banks continue to focus on external communications. They develop marketing and corporate communications strategies designed to reach target audiences and convert them to bank customers. Undoubtedly, developing strong external communications programs to reach audiences continues to be critical
READ MOREHow Credit Risk Training Reduces Financial Losses and Increases Customer Trust
How Credit Risk Training Reduces Financial Losses and Increases Customer Trust The last decade in the banking industry has been challenging. The US economy has rebounded, however, and consumers are obtaining more products and services from banks. Banks remain overwhelmed by the aftershocks of the economic meltdown. Post-crisis, many financial institutions still are working
READ MORECredit Risk Training for Bankers: The Robust Response to Aggressive Federal Regulation
With the economy maintaining positive growth and banks relaxing lending policies to facilitate economic development, regulatory agencies respond by implementing additional lending rules. Over the past several years, there has been a rise in the number and complexity of bank regulations. That has increased costs of compliance to avoid those associated with noncompliance. Indeed, banks
READ MOREBuilding a Strong Credit Culture as a Team: How HR and Credit Administration Can Collaborate to Train Bankers
Building a Strong Credit Culture as a Team: How HR and Credit Administration Can Collaborate to Train Bankers Today, organizations must develop a collaborative leadership culture that facilitates employee engagement to achieve institutional goals and objectives. Commercial banks are no different, especially in the credit environment they now face. In the postglobal financial crisis economy,
READ MOREYour Road to Success Starts with Understand. Apply. Differentiate.
Your Road to Success Starts with Understand. Apply. Differentiate. A recent survey by Forrester Research revealed executives are four times more likely to positively respond to a business conversation than a product conversation. And yet those same executives estimate that less than 25 percent of their workforce is proficient in having that business conversation with
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