Weekly Newsletter - 07.08.2024

Explore Hive Learning's GenAI Skills Hub, the Role of Digital Ecosystems in Financial Services and AI Learning Solutions

Author

Learning Ledger
August 07, 2024 • Estimated Reading Time: 4 minutes

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

Digital ecosystems are revolutionizing the financial services industry by enabling secure data sharing and fostering innovation. Barry O'Donohoe, Co-founder and CEO at Raidiam, highlights the critical role of trust and compliance in these ecosystems, which drive economic growth and prosperity.

Open Banking, a key component of digital ecosystems, has led to significant advancements such as HMRC's integration for seamless tax payments and niche financial products for vulnerable groups. The economic impact is substantial, with a United Nations report estimating a 32x return on investment for data ecosystems.

The modernization driven by PSD2 regulations has enhanced digital channels, benefiting both third-party providers and traditional banks. This transformation supports improved customer service, operational efficiencies, and continuous innovation across various sectors.

Source: FinTech Magazine

Selecting the right online learning solutions for finance and banking teams is crucial for bridging skills gaps and enhancing team performance. Key factors to consider include:

  • Real-World Skills: Ensure courses are taught by experienced practitioners using realistic exercises and case studies.

  • Targeted Training: Focus on platforms offering training in specific skills needed by your team.

  • High-Quality Content: Look for up-to-date, engaging content with practical job scenarios.

Additionally, prioritize solutions that offer:

  • Role-Based Learning Paths: Tailored to specific job functions for maximum relevance.

  • Certifications and Micro-Credentials: To validate learning and boost morale.

  • Just-in-Time Learning: For immediate application of skills.

  • Analytics: To measure impact and ROI, ensuring the effectiveness of your training programs.

By focusing on these attributes, L&D leaders can select effective online learning solutions that drive organizational growth and success.

Source: Association for Talent Development

Generative AI is revolutionizing workforce learning and development by creating personalized, scalable training content, realistic simulations, adaptive learning paths, and automated assessments. This technology enhances employee engagement, addresses skill gaps, and boosts retention, making it a crucial tool for organizations aiming to stay competitive in 2024 and beyond.

Source: Forbes

AI is revolutionizing financial strategies, akin to Formula 1's use of data analytics for precision and speed. By leveraging AI techniques like machine learning and NLP, businesses transform raw data into strategic insights. This integration enhances competitive advantage, enabling proactive decision-making and overcoming implementation challenges for future business excellence.

Source: Express Computer

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