360factors, Inc., the industry leader in risk and compliance intelligence software, announced that the company has released a major upgrade to its compliance-centric Learning Management System (LMS) application within its Predict360 software platform.
Unlike standalone systems, Predict360’s Learning Management application combines a robust LMS with the ability to link training to associated regulatory requirements, business obligations, risks, controls, audits, issues, policies, procedures, and/or qualifications requirements to create a single, unified GRC (Governance, Risk and Compliance) system designed specifically for banks and financial services organizations.
AiThority.com News: Western Digital Powers Mobile Applications in the 5G Era
The application also features a Qualification Management system that maintains, aggregates and monitors employee qualifications. This enables organizations to streamline the qualification process and ensure that employee qualifications remain current by tracking employee qualifications, monitoring qualification expirations, and maintaining the qualification history of employees and subcontractors. When a qualification is linked to a training course, that course can automatically be assigned to the employee or subcontractor.
“By upgrading our LMS architecture, we are now able to offer a faster, more streamlined user experience,” said Carl L. McCauley, CEO for 360factors, Inc. “We’ve recently onboarded five new bank customers and are confident this is the most unique risk and compliance platform available for banks and financial services organizations today.”
Training plans can be created at the corporate, site and group level with tracking and management features for online classroom, web-based training, and ad-hoc training records. Hundreds of training content options are available through integrated content plug-ins from banking industry partners. Customers can also upload their own training courses.
AiThority.com News: Enterprises in Germany Move Toward Smart Factories in Response to Globalization