The Risk Management Association | October 21, 2022
The Risk Management Association (RMA), whose members represent 90% of North American bank assets, officially launched RMA Ignite, its new online learning and development platform, today, at a time when skilled talent and resourcing risks top the industry's concerns. RMA Ignite features more than 70 self-directed online learning modules totaling more than 130 hours of content, plus a growing library of microlearning modules, most on the crucial topic of credit risk. Ignite users also can find and register for dozens of instructor-led courses, and design a curated curriculum to strengthen their skills and build their careers.
"Growing and maintaining a skilled workforce is the top challenge for banks of all sizes, but particularly for mid-size and community banks,RMA Ignite helps financial institutions address this challenge by providing on-demand education on the important topic of credit risk, a priority of all banks through every economic cycle."
RMA President and CEO Nancy Foster.
In an RMA survey of more than 300 bankers, 69% of those representing banks with $1 billion to $49 billion in assets and 63% of those with assets of $1 billion or less said credit training was their greatest need. People risk is one of the biggest risks at any organization, but particularly at banks, where we are highly regulated and are focusing on our clients' financial futures," said Michela Vernon, Chief Learning Officer for Truist and the chair of the RMA member council on Learning and Development. "RMA designed this new online platform to more easily develop and retain teams at banks like ours and to make continuing risk education available on a wider scale. RMA Ignite is available for individuals through unlimited-use one-year subscriptions. RMA plans to offer a bank-wide subscription in coming months to facilitate broad industry training. Attendees at RMA's Annual Risk Management Conference, taking place from October 23-25 in Washington, D.C., will be invited to demo the platform at its unveiling.
About Risk Management Association (RMA)
Founded in 1914, the Risk Management Association is a not-for-profit, member-driven professional association whose sole purpose is to advance the use of sound risk management principles in the financial services industry. RMA promotes an enterprise approach to risk management that focuses on credit risk, market risk, and operational risk. Headquartered in Philadelphia, Pennsylvania, RMA has 1,600 institutional members that include banks of all sizes as well as nonbank financial institutions. They are represented in the Association by 35,000 individuals located throughout North America, Europe, Australia, and Asia/Pacific.
Saritasa Technology Solutions | September 21, 2022
Saritasa Technology Solutions, a software partner delivering innovative products and solutions to clients, has developed a new virtual reality (VR) training system for Loadstar, a provider of logistics and product handling services. The system provides a safe, interactive training environment that is faster, more efficient, and safer than previous training programs.Loadstar is the first logistics and product handling company to deploy VR for staff training. In an industry that emphasizes on-the-job training and keeping workers in the field, Loadstar has adopted a different strategy. They put safety and education at the forefront by bringing the on-site experience to trainees using VR. Saritasa developed a comprehensive general purpose railcar inspection & loading application. Trainees can practice completing all the steps required for a standard inspection without the need to travel on-site or work with trainers. Using VR, trainees get hands-on interaction, including visual quizzes and realistic animations. VR provides a more realistic experience and shortens the training process from weeks to days. We believe that our employees' overall safety and well-being start with training, said Stephen Williams, Manager of Operational Excellence.Traditionally, our industry has relied on classroom sessions and manual field training. Some employees have described it as 'death by powerpoint,' and they're not wrong. Loadstar is always looking ahead, and we wanted to bring the latest technology to our training program to create the safest environment possible. By working with Saritasa, we have designed a state-of-the-art training program that is more cost-effective and efficient. Before adopting VR for railcar inspection & loading training, Loadstar used extensive classroom training with lectures, presentations, and study materials. Once the classroom training was complete, new employees needed to apply the material they just learned to real-life field operations. This process could take several weeks as training was entirely dependent on how many and what kind of railcars came on-site on a particular day. Now, they are able to onboard and qualify operators in a fraction of the time. Using VR not only speeds up hands-on training but also standardizes training procedures. On-site, the quality of training can vary due to any number of factors; the manager on duty, the amount or type of railcars on-site, and environmental hazards. VR training eliminates any variance and provides a solid basis for every employee. It emulates field training to provide pre-site training experience, reducing the time and cost required for on-site training.
"Developing a virtual training program for Loadstar is the ideal project for Saritasa's creative and skilled technologists, There are many steps in railcar inspection training, including examination around, under, and on top of different types of railcars. Our 3D design team was able to replicate a realistic environment while optimizing headset performance, and we are extremely pleased with the outcome."
Aaron Franko, VP of Immersive Technology at Saritasa
Loadstar provides product-handling services to refineries, chemical plants, barge lines, terminals, and distribution sites, loading and unloading cargo of all classifications into railcars, trucks, barges, and ships. Loadstar operates docks, tank farms, terminals, and warehouses, managing marine, rail, truck, and pipeline logistics. The company has its headquarters in Baton Rouge, Louisiana.
Headquartered in Newport Beach, California, Saritasa aims to empower global brands with innovative, customized solutions that fit their needs and support an ever-evolving technology ecosystem. Saritasa specializes in custom software development, mobile development, augmented reality and virtual reality development, IoT solutions, web, database development, and DevOps. Founded in 2005, the Saritasa team employs over 140 employees and has delivered thousands of successful software, hardware, and mobile app projects to a range of clients across multiple industries.
Manchester University | November 03, 2022
GenXys, the global leader in precision prescribing software with embedded pharmacogenetic (PGx) data, is teaming up with Manchester University (MU) for pharmacogenomics education. Together, GenXys and MU will help drive global awareness and education of PGx-informed prescribing decisions in support of expanding PGx adoption and pending legislation in the U.S., including the Right Drug Dose Now Act. MU, located in northern Indiana, is a leading national academic institution with a strong educational and research stream in pharmacogenetics. With on-campus, online, and dual (PharmD/MS in PGx) degree programs, as well as a Graduate Certificate in PGx, MU typically has an annual PGx enrollment of 60 to 70 students. The partnership will enable GenXys' expertise and proprietary algorithms in genomics and clinical knowledge to support the expansion of genetically informed medication review capabilities in MU's educational and research space. MU will now be able to integrate GenXys' award-winning Clinical Decision Support Systems (CDSS), incorporating PGx with other patient data points through embedded translation and interpretation in specific degree programs. This will lead to students further learning appropriate evidence-based precision prescribing options for patients, ultimately leading to better health outcomes and empowering the next generation of clinicians to seamlessly utilize PGx in patient care. As a national leader in pharmacogenetic and clinical education, Manchester University looks to partner with leading-edge technology companies that further the advancement of PGx for better health outcomes, says David Kisor, PharmD, FCP, Professor of Pharmaceutical Sciences and Pharmacogenomics, Director of Pharmacogenomics at MU. "It is recognized that more than 95 percent of the population has at least one PGx variant, and large percentages of patients receiving medications across therapeutic areas do not respond adequately with an initial medication leading to trial-and-error prescribing. Additionally, the consequences and treatments of adverse drug events may cost more than $30 billion annually in the U.S.," Dr. Kisor adds. "By formally measuring the effect of automatic PGx inclusion in CDSS tools in education as well as incorporating GenXys' precision prescribing platform into our advanced courses, we aim to produce the most knowledgeable and equipped individuals who will apply PGx optimally across healthcare settings. Integration of the precision prescribing platform offered by GenXys into the educational content of MU will accelerate the knowledge uptake of PGx in prescribing decisions for the next generation of clinicians and other healthcare professionals.
"By working with a stellar academic university like MU, we are able to demonstrate the advantage of including PGx in clinical care for clinicians across different career levels ,There are so many advantages to equipping students and trainees with leading-edge tools and knowledge—the future is looking bright for precision medicine!"
Bernard Esquivel, MD, PhD, Chief Medical Officer of GenXys.
Auto-analysis of genetic information with other medication interaction points is helping to transform the centuries-old trial-and-error approach to prescribing to one of accuracy. PGx is all about personalized, safe, and appropriate medication options being available at any point of care. When integrated into smart algorithms with other data points, PGx is a critical part of proactive healthcare delivering precision medicine to everyone and leveling up healthcare inequality. MU is at the educational edge of changing day-to-day healthcare, and the partnership with GenXys is a model of commercial and academic integration that supports pending national legislation to provide better population healthcare, improve patient safety, and reduce healthcare costs.
About GenXys Health Care Systems
GenXys, with a presence across North America, provides the world's most comprehensive precision prescribing solutions with embedded pharmacogenetics to solve one of healthcare's biggest challenges: inappropriate ("trial-and-error") prescribing. GenXys' clinical decision support software suite is in use by major insurance providers, health systems, pharmacies and their pharmacogenetic labs across North America. Ongoing global clinical studies are paving the way into geographical markets to enable GenXys to realize its vision of making every prescription better with its software to increase patient safety, improve population health, and reduce healthcare costs. https://www.genxys.com/
About Manchester University
Manchester University, in North Manchester and Fort Wayne, Ind., provides vibrant and transformative student experiences. Manchester University respects the infinite worth of every individual and graduates persons of ability and conviction who draw upon their education and faith to lead principled, productive, and compassionate lives that improve the human condition.