City wants LMS to fast-track through compliance training

09 Aug 2012

by: Margaret Snell

Financial institutions are priming systems to allow staff to fast-track through the raft of new compliance training requirements expected in the wake of recent financial scandals.

According to Redtray the ability to ensure regulatory compliance across the workforce has become the most wanted capability in a learning management system (LMS) for financial training experts after this summer's financial improprieties.

Redtray MD Vicky Jones said: “Europe‘s financial institutions are braced for a tidal wave of new regulatory change. The big difference this time round is going to be the pace of implementation.

“As the game changing initiatives introduced in response to recent financial turbulence roll out, companies want to ensure that every new rule or regulation they must adhere to is absorbed into the business process as quickly as possible without obstructing or blunting the critical competencies that keep them competitive.”

Redtray says that the Pursuit compliance and reporting suite part of its newly launched ALTO social learning portal allows businesses to fast-track quick changing compliance training requirements across the enterprise easily and with accountability.

 

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