e-Learning Growth in BFSI Sector

The need and popularization of e-learning in India is reflected in the growing numbers of e-learning companies as well as the domestic market as a whole. While more and more corporate houses are adopting e-learning practices, for the Banking and Financial Services Industry (BFSI) the need and scope has been particularly evident in the past few years.

For one, this sector works with huge number of employees, as most banks have multiple numbers of branches and divisions all over the country and abroad. Due to rapid expansion in this domain new people are added every day to every function known within a bank. Training of new recruits and existing employees thus becomes a challenge in this situation. E-Learning is fast emerging as an answer to this problem, with it being adopted across public and private banks and insurance companies. As one of India’s fastest growing e-learning companies, G-Cube has implemented elearning systems for a number of organizations in BFSI sector, such as State Bank of India, HSBC, ICICI, Bajaj Allianz, IndusInd, ING Vysya, and Reliance Capital to name a few.

Latest addition to G-Cube’s prestigious client list is Punjab National Bank (PNB), which is one of the largest banks in India. G-Cube in consortium with LGS Global has been entrusted to implement Wizdom Learning Suite (LMS, LCMS, & VCR) for PNB. Wizdom Learning Suite is being implemented to centralize all the training processes across all the banks offices/branches (over 5000) spread across the country.

Among a highly competitive and challenging bidding process, which involved leading global players, G-Cube in consortium with LGS won the project by demonstrating Wizdom Learning Suite’s feature richness, and robustness, and ability of the consortium to provide exceptional blend of consulting and support services for a smooth rollout of the learning suite across India.

Though the last year has seen considerable turmoil in the economy, the worst hit being the BFSI sector – things are looking up and the aggression shown in the field of learning in this sector is evident of that fact (before PNB, G-Cube was also recently awarded content development project by State Bank of India, which is the largest bank in India with over 200,000 employees spread across the nation).

And this is just the beginning of the year! Here’s to the potential of the BFSI domain in the field of e-learning and the opportunities that it presents.