Mmastodon LifeEducation first seen 7 d ago, last 7 d ago, peak #2
Banks still rely on spreadsheets for compliance training records
Original: Most banks still track compliance training in branch-level spreadsheets, then lose a week pulling records when an examin
Many banks continue to track compliance training in branch-level spreadsheets, which means staff can lose about a week compiling records whenever an examiner requests them. The criticism is being raised in discussions of training management systems built for banking and financial services, which offer features like individual timestamped attestations and automated reporting. Commenters point to the gap between regulatory expectations and the basic tools many institutions still use to prove staff training compliance.
Why now: Ongoing regulatory scrutiny of banks is highlighting how outdated spreadsheet-based compliance training tracking remains across the sector.
Evidence
- Most banks still track compliance training in branch-level spreadsheets, then lose a week pulling records when an examiner asks. SimpliTrain is a training management system with a built-in LMS, made for BFSI. It does individual timestamped attestations, automatic… · simplitrain@indieweb.social
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