The federal law in Pakistan associates great importance with cultures and policies that prevent money laundering. This is where banks have a crucial role to play in terms of training personnel on means of spotting such heinous crimes.
Trouble is that people wishing to attend these trainings often have to spare two days merely to attend a day’s session. Allied Bank seems to have thought out of the box in order to address this. For the revaluation of the delivery of these all-important trainings, Allied bank has clinched the 2014 Optimas Silver Award for Training.
You might already have guessed by now that the answer lies in a ‘digital’ solution. That is quite right; Allied Bank decided to introduce e-learning in the mix to make this program economical and feasible for all. Of course, it naturally took some doing as a team of programmers had to be hired. They helped create a portal where the training’s could be taken in English language and partly in the Urdu language.
The digital learning solution for conducting trainings has reduced wasted time, expenses and increased participation
The option to pursue these trainings in the national language; though, to a limited extent, promises to enhance the understanding of those who may not be as proficient in English language as others. What these measures have immediately resulted in is a sharp drop in travel expenses. They have dropped from a whopping $420,000 to $218,000. It is still quite a lot but the difference this makes is clearly noticeable.
Moreover, training costs incurred per employee have descended from $230 to $150. These may not seem significant in isolation but if you consider the number of workers pursuing these trainings the difference is quite appreciable. Speaking of the number of participants, they have increased from a total of 6,500 in year 2012 to 9,200 in 2013. That says a lot about the impact that this cost-trimming e-learning initiative has had.
Allied Bank’s Senior Vice President of Learning and Talent Development acknowledges the tough challenge this task proved to be: “In a country where e-learning is a novelty instead of a norm, our biggest challenge was to find the right resources who understand both technical inputs and learning outcomes.”