Whether a bank, insurance company, private equity firm, or other financial business, you face stringent, federal requirements that mandate how your customers are treated, who you trade with, and how data must be handled. Training employees at every level of the company is critical because failing to comply with any regulation can result in costly legal penalties such as fines and even jail time.
Add to that the fact that cyberattacks are becoming increasingly sophisticated — with financial institutions always in the crosshairs. Employees need to be up-to-speed on the very latest cybersecurity information and practices. This isn’t even to mention training employees on basic job skills or company policies and culture.
Financial Services companies trust SAP Litmos for many reasons, including its notable security certifications, data encryption, high availability deployments, strict authentication and application security. Plus, it automates much of the management of the learning program. L&D professionals can focus their time and attention ensuring compliance courses are current, keeping employee training up-to-date, and monitoring other important performance measures, rather than wasting time with manual learning management tasks.