Weekly Newsletter - 31.07.2024

GENAI TRAINING PROGRAM
GenAI Skill Hub 3.0

80% of companies are expected to be using GenAI by 2026 GenAI is changing the game for how we do our tasks and our jobs. But here's the kicker: GenAI skills are still a mystery for many companies. Why? People can’t use new stuff if they’re not shown how. Hive Learning's GenAI Skills Hub is a 4-week program that helps you upskill in GenAI, from basics, and ethical dilemmas to hands on prompting activities. And guess what? It’s open to everyone. Our last programs saw participants from companies like Pret, Vodafone, Publicis, and UPS.

Starts: Monday, August 12th

Duration: 4 weeks

Commitment: Up to 20 mins per week, at your own pace

Delivered via the Hive Learning platform (web or phone)

Sign up here!

Source: Hive Learning

KNOWLEDGE TRAINING
How LMS Enhances Compliance in Banking Sector

Learning Management Systems (LMS) are essential for banking institutions to ensure compliance with ever-changing regulations. LMS centralizes training materials, allowing quick dissemination of updates and uniform understanding across the organization. Key features include:

Customized Learning Paths: Tailored training for different roles and departments.

Tracking and Reporting: Real-time visibility into compliance status.

Accessibility and Flexibility: Anytime access for employees, facilitating continuous learning.

For C-level managers, investing in LMS offers strategic advantages such as risk mitigation, operational efficiency, and a competitive edge. By fostering a culture of compliance and leveraging data-driven insights, LMS transforms regulatory challenges into opportunities for growth and success.

Source: Samelane

EDUCATION TECHNOLOGY
Ethical Considerations Are Crucial When Integrating Learning Technologies to Ensure Responsible Use 

Dr. Ajit Kumar Kar emphasizes the ethical imperatives in adopting learning technologies, focusing on equity, privacy, digital citizenship, fairness, transparency, and accountability. He argues that while technology can transform learning, it must be implemented responsibly to create inclusive and ethically sound learning environments.

Source: Training Journal

FINANCE COMPLIANCE
AI Revamped Compliance in Finance, Enhancing Efficiency and Accuracy Significantly

Financial institutions are increasingly integrating AI to enhance compliance processes, focusing on customer due diligence, document summarization, and suspicious activity reporting. Key benefits include:

• Customer Diligence: AI tools File Summarization accelerate document analysis and risk reporting.

• Validation: AI ensures accuracy in SAR/STR narratives.

• Narrative Generation: Generative AI aids in creating compliance narratives, though caution is needed for accuracy.

AI-driven automation allows institutions to customize compliance programs, automating quality checks and tailoring reports to specific needs. Smaller institutions can scale operations using AI platforms. Best practices emphasize secure data handling and optimizing AI for accuracy, with future trends focusing on combating financial crime and evolving compliance tools.

Source: Tearsheet