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.
Penny AI | November 02, 2022
Penny AI, a global leader in data-driven direct sales enablement, is launching Learning Solutions, to empower social sellers with engagement-based micro-learning.Having raised $27 million in Series B funding, Penny is committed to investing in onboarding, continuous learning and social commerce to innovate how sellers are set up for success from day 1. Today’s launch is the industry’s first micro-learning experience embedded into a social sales enablement platform. Learning Solutions delivers big wins in small doses right in the flow of work.
To lead the development of the Learning Solutions product, Penny AI brought in Lauren Mason Carris, Ph.D. for her expertise in adult learning and skills-based personalized learning software. Lauren built out a product team to develop a behavior-based digital learning experience that marries how adults actually learn with what social sellers need in order to succeed.
“The hardest part of building a business is juggling learning while doing. Our new Learning Solutions delivers continuous training in the place of work (Penny) allowing sellers to learn about the industry, their company and business-building activities all while completing tasks. In effect sellers are learning while doing, For learning to work, it must be effective, relevant, just enough, and just in time. So that’s exactly what we’ve built.”
Lauren Mason Carris, VP of Product at Penny.
Learning Solutions is the natural next step to support social sellers as they build their business with Penny. It’s the first platform in the market that combines learning science with in-the-flow application of learned material. Learning Solutions include:
A best-in-class social selling curriculum
Gamified learning experience
Micro-doses of content
Skills application for revenue-focused tasks
Insights into learning retention and business impact
The ability for partners to turn their own content into behavior-based learning modules
Learning Solutions is designed to solve corporate and sellers onboarding challenges, ensuring every seller receives the right training at the right time, so they can successfully build a business. When I talk to anyone in the social sales community, be it corporate teams, leaders or sellers, one of the top challenges to organizational growth and long-term success is the staggering levels of seller churn because of ineffective onboarding and training,” says David Abbey, CEO & Co-Founder of Penny AI. Software done right changes lives and I believe that with Penny Learning Solutions we’ll see time to revenue for new sellers decrease, seller retention increase, efficiency and overall confidence increase, and as a result the life time value of the end customer increase.
Penny is an AI-powered platform built for modern social sellers. Focused on customer-centric processes that help the field build and grow their businesses with simple, repeatable steps in small pockets of time, Penny is customized to suit the unique business needs of each client.CEO & Co-founder, David Abbey and CTO & Co-founder, Chirs Noble created Penny to support David’s wife’s global social sales business when all other online tools were lacking the customer-centric approach so crucial to social sales success. Fast forward to today, Penny is transforming the social sales industry having identified a gap in the $200 billion industry for digital innovation that drives revenue growth, seller retention and customer satisfaction.
Penda Learning | November 16, 2022
Penda Learning, a Learning 2020 company, announced today that it has finalized an agreement with Scantron for the use of more than 14,500 assessment items in 11 assessment banks that span all science disciplines. These items will be used to expand the assessments currently available with Penda Science — a game-based science curriculum for grades 3–8, physical science, environmental science, and biology. — to include all NGSS performance expectations and state-specific science standards. Unlike traditional assessments, Penda Science interactive assessments challenge students to achieve high scores that earn them points to unlock virtual worlds, customize their avatars, and more. Teachers and administrators can use the line item analysis data to pinpoint learning gaps and personalize instruction within the Penda Science platform for small groups and individuals to help students achieve science mastery.
"This agreement will dramatically accelerate the development of comprehensive assessments within Penda Science. High-quality, validated assessments are critical for teachers to make informed decisions about instruction and intervention in order to support science learning success for all students. We are excited to be able to offer students a more interactive and engaging assessment experience and educators the reliable data they need."
Brad Baird, President/CEO of Learning 2020
The new assessment development is slated to be completed by April 2023. Assessments will be available for diagnostic, formative, and summative purposes. Also new to the Penda assessment suite will be a "quick check" assessment for teachers to use before, during, or after a unit to gauge student learning in order to plan or modify instruction to align with student knowledge.
About Learning 2020
Learning 2020, parent company to Penda Learning, is dedicated to identifying pressing, unfilled needs within the K-12 education market and developing technology solutions that solve these challenges in innovative and cost-effective ways that will positively impact teaching and learning. Formed in early 2019 by Brad Baird and Bill Tudor, experienced education technology entrepreneurs, Learning 2020's current focus is on ensuring all students have access to high-quality STEM instruction whether learning at home or in school.