EdCast LXP: Revolutionizing Talent Experience in Banking & Finance Industry
Talent Experience and Banking & Finance Industry
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- We are witnessing a massive shift in the banking and finance sector. The industry has accelerated its digital transformation with the pandemic coming into the picture. Many banks are shifting from a centralized to a decentralized approach. Bitcoins are treated as a currency as well as a commodity.
- A whopping 43% of all working hours in banking activities will be automated as there is a massive shift from basic cognitive skills to socio-economic and technological ones.
- Meeting these skills will challenge the companies to step out of their comfort zones and rapidly reinvent their talent strategies at the most fundamental levels.
Significant Challenges Faced By The Industry
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Drastic Change in Industry
From mobile banking to blockchain technology, finance is moving toward a more decentralized approach
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High Customer Expectations
As people are becoming aware of finance, they expect to have a broad spectrum of banking services catered to their needs
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High Cost for Talent
A role in Banking and Finance demands special expertise. To attract, develop and retain this talent comes with a lot of expense
How Does One Tackle These Challenges?
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Identify, Evolve, Attain
- Coming to identification first; It is time to understand the gaps in your current learning ecosystem.
- The next step in the process is evolution. Have a comparative study of your contemporaries in the industry. This study will help you understand the industry trends and customer requirements better.
- Based on your analysis, the next step is to update your internal skill training and talent support systems to make them more advanced and in sync with the present-day requirements. In addition, L&D interventions have to evolve from being top-down & HR-centric to bottom-up and learner-centric.
- The strong foundations set earlier will help to attain the targeted goals easily.
Why Should You Choose EdCast To be Your Digital Transformation Partner?
EdCast offers a unified Talent Experience Platform delivering Learning Experience, Skilling Experience & Career Mobility capabilities to leading banking and finance companies across the world.
Our customers include multinational giants across the globe serving billions of consumers in forty-plus countries.
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How Do We Do It
Well, there aren’t any complex permutation combination formulas. We follow a few simple approaches to transform the learning experience of our clients and make them future-ready. Here is what goes into doing it
- We provide Mobile First, Personalised learning to our clients
- Create a knowledge exchange network for the organization
- Emphasize learning in the workflow for ease of understanding
- Provide Content in the context of the solutions they are seeking
- Empowering learners by providing them with choices and control over the process
- Provide Real-Time analytics and Performance Support for seamless learning
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“The LXP Market, in which EdCast is one of the leaders.. is really an unlocking of the huge library of digital content in companies… We are moving to a world where content has to be delivered in context, in the flow of work, in the flow of capabilities.”
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“The EdCast platform has, indeed, been a transformational product, encouraging higher adoption of learning through a great user experience. These capabilities are precisely what enable learning to create an impact for the business at the individual and organizational level.”
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“Etisalat’s partnership with EdCast has been about more than the delivery of world-class learning technology. The team behind the scenes is passionate pioneers of the industry and want to bring about real change for our company. Everyone is talking about Digital Transformation, while EdCast is actually delivering it. The blueprint for successful organizational learning has evolved and, thanks to EdCast, so has our learning strategy for our multicultural and multigenerational workforce.”
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“As future technologies threaten to transform society, India is poised at the dawn of a new era, wherein the urgency to up/reskill talent at scale is paramount. The path we tread hereon will define the Digital Dividend as an asset or a liability. Through our FutureSkills initiative (powered by EdCast, a great partner to power our AI-first and mobile-first industry learning ecosystem), we stand committed to industry, academia and the nation of India toward developing a future-ready workforce.”
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“At NSE Academy, our vision is to equip learners with future-ready skills that bridge the learning to earning continuum. It is our constant endeavor to encourage a culture of active learning and create a community of lifelong learners. EdCast is the perfect partner to power our AI-first and mobile-first learning ecosystem, NSE Knowledge Hub, which democratizes access to learning by bringing global content and subject matter experts closer to learners, as per their choice, on-demand and on the go.”
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“EdCast under the banner of Moneyversity, this has helped us to create and nurture an environment of not just collaborative and social learning, but also draw the power of high quality learning content available in the worldwide web, under the defined curation norms of the organization. This is indeed a step towards a revolutionary learning experience, and we are excited to be partnered with EdCast in this digital journey.”
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“SME’s are creating, aggregating, compiling and distributing content at capacities and speeds never before possible. With LXP, we’ve been able to seamlessly unify and scale our learning infrastructure in lockstep with business needs, giving us both a competitive advantage and a significant reduction in complexity.”
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“Today, new skills are becoming redundant in merely less than three years, which is exactly where the need to continuously upskill and create the habit of continuous learning emerges from. On this very quest, we at ZEE, were looking for a holistic LXP platform and our search ended at EdCast – a wholesome LXP provider powered by an AI-driven engine that enables smart and agile learning.
EdCast’s intuitive architecture puts the learner in the driving seat and enables an ultra-personalized learning journey basis the job role, function, and learning aspirations, through various thematic academies including techno-functional as well as behavioral, and leadership competencies. It has indeed been a truly fruitful partnership with EdCast.”
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Customers who Vouch For Us
“Our partnership with EdCast has been about more than the delivery of world-class learning technology. Everyone is talking about Digital Transformation while EdCast is delivering it. The blueprint for successful organizational learning has evolved and, thanks to EdCast, so has our learning strategy for our multicultural and multigenerational workforce.” ~ Multinational Telecom