prnewswire | January 21, 2021
Labor force improvement pioneer Penn Foster today declared a critical new speculation from BayPine and Two Sigma Impact to quicken the form out of its computerized learning stage zeroed in on planning frontline laborers to flourish inside high-development, high-expertise occupations. The two speculation organizations will band together with Penn Foster to acquire new capacities information science and trend setting innovation to help the organization keep on contribution down to earth, reasonable answers for its understudies.
"Skill gaps and economic mobility are, in many ways, two sides of the same coin," said Frank Britt, Chief Executive Officer of Penn Foster. "This investment reflects our belief that the combination of advanced labor market analytics with low-cost digital training can help individuals make better-informed decisions about their educational investments. It's about enabling employers to close skill gaps by identifying and creating career paths for historically untapped talent."
A computerized learning stage that works in association with bosses, public labor force offices, and local area based associations, Penn Foster conveys expertise based preparing for in excess of 300,000 working students every year. Notwithstanding offering authorize projects and declarations in fields going from medical care to talented exchanges, Penn Foster accomplices with significant managers, including Lowe's and Walmart, to give secondary school recognition and vocation instructional classes that are regularly entrances to higher pay jobs.
"Two Sigma Impact believes that by focusing on creating a better workforce, we can create long term value and better business outcomes," said Ian Blasco, Partner at Two Sigma Impact. "We are excited to work with Penn Foster to apply advanced data science techniques to the development of dynamic, skills-based training that is tightly coupled with the demands of the labor market."
"For decades, Penn Foster has been at the forefront of delivering flexible, affordable, and job-relevant development programs that have redefined the intersection of education and work," said Anjan Mukherjee, Managing Partner at BayPine. "The implementation of digital transformation initiatives to unlock human potential is core to our thesis, and we look forward to working closely with management to develop a modern, agile platform at Penn Foster that leverages the power of data to drive better outcomes for working learners."
In "Unstuck in the Middle," a white paper delivered by Penn Foster a year ago, the organization put forth the defense that perceiving ability fulfillment along a range could open financial versatility for laborers utilized in positions that require in excess of a secondary school confirmation however not a long term degree. As per the National Skills Coalition, while center ability occupations make up the biggest segment of the US work market, only 44% of laborers are right now prepared to the center expertise level. A new report distributed by the philanthropic, Opportunity@Work, proposes that the assessed 71 million Americans who need four-year degrees, however are "Gifted Through Alternative Routes" (STARs), speak to an undiscovered pool of ability for US bosses.
"The critical need for different ways to approach training and education for workers has become more prominent in the past few years, and the pressure on our economy created by the pandemic has only emphasized that the time has come for a workforce transformation," said Ann Ruble, Operating Partner at Two Sigma Impact. "New data-driven approaches to learning will help expand access to training in high-demand fields for both workers and employers at a time when it is needed most."
This speculation speaks to the following period of Penn Foster's development following an effective organization with Bain Capital Double Impact, the effect contributing unit of Bain Capital. Terms of the exchange were not unveiled. Macquarie Capital filled in as monetary guide and William Blair and Company as co-consultant to Penn Foster. Everberg Capital additionally partook in the exchange. Jamieson gave exchange the board guidance.
prnewswire | September 24, 2020
Smarter Building Technologies Alliance launches a new Safe Space Initiative to assist school districts across the country safeguard the environmental health of students, staff, parents, and visitors as school districts plan their re-opening strategies. SBT's Safe Space Initiative provides access to secure, cutting-edge Internet of things (IoT) technologies to help prepare schools in combating the spread of COVID-19 as outlined in the Elementary & Secondary School Emergency Relief Fund (ESSER) of the U.S. CARES Act.
K2 Integrity | October 01, 2021
K2 Integrity and the DIFC Academy announced a partnership agreement to promote and market subscriptions to K2 Integrity's eLearning platform, DOLFIN, the premier online working environment for the financial integrity community. Designed specifically for professionals working in counter-illicit finance and financial crimes compliance, the DOLFIN platform delivers a full suite of customizable online training, testing, and certification resources and risk management tools to mitigate financial crime and sanctions risks and help institutions meet regulatory requirements.
For over a decade, Dubai International Financial Centre (DIFC), the leading global financial center in the Middle East, Africa, and South Asia (MEASA) region, has delivered professional development and higher education courses to the financial services industry. The DOLFIN platform offers comprehensive resources on anti-money laundering (AML), sanctions, export controls, terrorism and proliferation financing, anti-bribery and corruption (ABC), and fraud. It also tracks illicit financing trends and regulatory developments in key jurisdictions around the world and provides users with daily content across the spectrum of financial crime topics. The partnership will further compliance training opportunities for professionals operating in the DIFC and support the Centre's vision to drive the future of finance.
"Today's financial crimes compliance issues are evolving at a breathless pace, and it is more important than ever to develop the most innovative solutions—training and continued learning cannot be left behind. DOLFIN is designed and delivered by world-class financial crimes risk and compliance experts, including framers of the modern global counter-illicit financing regime," said Danny McGlynn, Senior Managing Director, K2 Integrity, and leader of the DOLFIN team.
"This partnership allows us to introduce DOLFIN's unparalleled range of reference materials, tools, and analysis to the financial services industry across the MEASA region, and to provide access to reputable financial crimes compliance courses for UAE nationals, residents, and business partners. The K2 Integrity team looks forward to participating in programs throughout the UAE and the region, while introducing DOLFIN to over 3,200 companies registered in the DIFC ecosystem," McGlynn concluded.
As the leading financial hub of the region, we also focus on strengthening the professional development of financial sector professionals to ensure they uphold the highest standards of integrity and governance in all their operations. In a constantly evolving industry, it is imperative that the financial professionals are up-to-speed with the new trends and challenges, especially in terms of compliance and risk issues. The partnership with K2Integrity further adds value to the DIFC Academy to bring world-class standards of AML and Compliance expertise and support the UAE's goal to build a knowledge-based economy
Alya Al Zarouni, Executive Vice President of Operations and Head of DIFC Academy, DIFC Authority.
About K2 Integrity
K2 Integrity helps clients understand and manage risk so they can lead with confidence in a complex world—and build organizations that are safer, more transparent, and more resilient. By encouraging and enabling organizations to act with integrity, we can increase trust in institutions and promote prosperity and growth throughout the world.
K2 Integrity has realized this promise in its role as the preeminent risk, compliance, investigations, and monitoring firm—built by industry leaders, driven by interdisciplinary teams, and supported by cutting-edge technology to safeguard clients' operations, reputations, and economic security.
K2 Integrity represents the merger of K2 Intelligence, founded by Jeremy M. Kroll and Jules B. Kroll, the originator of the modern corporate investigations industry, and Financial Integrity Network (FIN), founded by Juan Zarate and Chip Poncy, former senior Treasury and U.S. government officials responsible for helping shape the modern AML/CFT regime.
About Dubai International Financial Centre
Dubai International Financial Centre (DIFC) is one of the world's most advanced financial centres, and the leading financial hub for the Middle East, Africa and South Asia (MEASA), which comprises 72 countries with an approximate population of 3 billion and a nominal GDP of USD 7.7 trillion. With a 16-year track record of facilitating trade and investment flows across the MEASA region, the Centre connects these fast-growing markets with the economies of Asia, Europe and the Americas through Dubai.
DIFC is home to an internationally recognised, independent regulator and a proven judicial system with an English common law framework, as well as the region's largest financial ecosystem of almost 27,000 professionals working across over 2,900 active registered companies – making up the largest and most diverse pool of industry talent in the region.
The Centre's vision is to drive the future of finance. Today, it offers one of the region's most comprehensive FinTech and venture capital environments, including cost-effective licensing solutions, fit-for-purpose regulation, innovative accelerator programmes, and funding for growth-stage start-ups.