Shifting Role of Online LMS in the BFSI Sector: Driving Performance and Improving Sales

Posted on : January 7th, 2020
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Online Learning Management System

In today’s technological era, organizations in the Business and Finance industry are deploying online LMS systems to deliver performance-aided and ROI-aligned solutions. The sector mainly needs to train its workforce on various topics such as anti-money laundering, compliance, workforce safety, frauds, and more. So, banks and other finance companies are shifting their focus towards boosting employee engagement, knowledge retention, organizational performance, and overall ROIs. With the perfect blend of robust technology and engaging training content, organizations ensure training is aligned to bridge skills-gaps, boost learner engagement, enhance performance, and drive overall sales.  

Banks and financial institutions across the globe face a plethora of challenges, including evolving needs, regulatory risks, technological advancement, and intense competition. Let us discuss the key challenges faced by the BFSI sector:

The need to utilize online LMS platforms to bridge knowledge-gaps, boost workplace efficiency, and reduce overall turn around time.

To meet the ever-evolving needs of geographically spread workforce by enabling them to learn at their own pace of time and convenience.

The deployment of the analytics-driven e-learning platform to automatically track employee performance, generate reports, and measure success.

To identify the knowledge gaps and accordingly assign relevant training content as per the pertinent needs of all.

To address the above-discussed challenges, banks and finance companies deploy online learning systems to meet the personalized needs of globally dispersed audiences. The increasing role of online LMS as learning and performance platforms serve the following benefits:

Upskilling– Online learning systems deliver performance-driven learning solutions to collate KPI scores and track workforce progress. Online LMS helps to identify performance gaps and accordingly assign training to upskill the workforce on different topics, including sales enablement, compliance, and more.

KPI-linked Learning– Robust learning and performance platforms analyze KPI scores to determine compliance and skills-gaps. Consequently,online LMSs deliver tailored content to meet organizational goals.

Personalized learning– The new-age online learning systems also adopt a drilled-down approach by first understanding the needs and accordingly assigning courses on different topics, including onboarding, soft skills, compliance, product training, and more. As a result, the personalized training approach drives overall levels of engagement, organizational performance, and overall uptake.

With digitization, banks and financial institutions are focusing on delivering technology-aided learning solutions to upskill the workforce, boost their performance, and drive sales. Companies in this domain deploy online LMS systems to leverage the benefits of optimal engagement, workforce retention, better performance, and overall business efficiency. G-Cube has carved a strong presence in delivering performance-driven solutions for the BFSI industry. So, if you are seeking a powerful learning platform that boosts your business efficiency and workforce productivity, then G-Cube LMS can be a viable solution. G-Cube is offering a complete Learning Suite which comprises of G-Cube LMS, LPP, and Learning Experience Platform (LXP). With the support of advanced features such as KPI Modeler, Analysis Engine, Automated Reporting, and others, the proprietary G-Cube LMS caters to all.

So, if you want to drive your salesforce performance, close compliance gaps or deliver effective training for new employees, then G-Cube LMS suite is the answer. To know more, you can write to us at [email protected].

Anubha Goel

Anubha Goel is a Senior Executive in the Marketing team at G-Cube Solutions. Her passion is to write innovative content that caters the customized learning needs of diverse audiences from different industry domains.

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