In a world where regulatory landscapes are constantly evolving, staying compliant is not just crucial—it’s an absolute necessity. This week, we’re zeroing in on a strategic approach to regulatory training: microlearning. Let’s explore how this innovative method is revolutionizing compliance training, ensuring it’s not just a check in the box but a robust, ongoing process.
The Regulatory Training Quandary
Traditionally, regulatory training has been extensive and, let’s admit it, a bit daunting. The result? A less engaged audience and, subsequently, less effective training. Enter microlearning, a solution that’s as efficient as it is engaging. Microlearning transforms cumbersome regulatory content into short, focused modules, making complex legal jargon and protocols more digestible and retainable.
One of our clients faced a significant challenge in transitioning from a credit provider to a comprehensive financial services institution. Compliance with FAIS (Financial Advisory and Intermediary Services) regulations emerged as a pivotal hurdle. Recognizing the shortcomings of conventional training methods – time-consuming, costly, and yielding poor pass rates – our collaboration with Rekindle Learning sparked a transformative shift in training methodology.
The Solution: FAIS RE5 Micro-Learning Course
The result was the creation of a cutting-edge FAIS RE5 microlearning course. Comprising 450+ learning cards and 10+ videos, this innovative course directly addressed the unique compliance needs of the institution. Beyond meeting regulatory requirements, it equipped the workforce with enhanced skills, enabling efficient monitoring of progress and fostering a culture of compliance and continuous improvement.
Notably, our FAIS solution extends beyond financial service providers, catering to individuals preparing for their RE1 and RE5 exams. It’s a testament to the adaptability and effectiveness of microlearning in diverse compliance contexts.
One of our clients faced a significant challenge in transitioning from a credit provider to a comprehensive financial services institution. Compliance with FAIS (Financial Advisory and Intermediary Services) regulations emerged as a pivotal hurdle. Recognizing the shortcomings of conventional training methods – time-consuming, costly, and yielding poor pass rates – our collaboration with Rekindle Learning sparked a transformative shift in training methodology.
Conclusion
Regulatory training is imperative, but it doesn’t have to be tedious. Microlearning stands as a testament to how compliance can be made engaging, effective, and, most importantly, a natural part of our professional lives. Connect with us to hear how we can help your team stay compliant.
