As we work with the world’s largest banks and other major financial institutions to deploy video solutions, one theme is clear: compliance is a big deal, one that impacts most everything going on in these organizations.
Each year financial services firms pay billions of dollars in non-compliance charges. And training processes themselves are heavily regulated – making the goal of compliant employees even harder to achieve.
Online training is a key coping mechanism for financial services firms to deal with compliance requirements. But the leaders in the industry are going farther still by adopting a video-first training protocol. With an enterprise video platform in place – integrated with an LMS or standalone – video training can be fully automated, and learning assets are managed and can be made available outside of the standard curriculum, easily searchable and consumed on any device.
If managed well, video is the most effective training delivery method, and that translates into shorter time-to-compliance, saving financial services firms hundreds or even thousands of dollars per employee per year.
This infographic shows how video can save significant costs for financial services companies that are serious about compliance training.