Compliance Survey Shows Loss of Reputation No.1 Concern for Financial Services Companies
WBT Systems recently carried out a survey of Compliance Officers in UK Financial
Services Institutions. When asked about the biggest problem that could arise
from a compliance failure, 89% of respondents said damage to corporate
reputation was their number one concern. Second was the inability to conduct
business during and following a compliance failure, followed by the
financial penalties, personal risks (including incarceration) and the
potential for civil litigation. The survey was conducted with over 50 of the
leading UK companies in December 2002.
In response to this, WBT Systems has developed CIARA (Compliance
Infrastructure Audit Readiness Assessment), a two day consulting project
which analyses the readiness of the company's infrastructure to meet the relevant compliance
legislation.
TopClass Selected by Danish Confederation of Trade Unions to Train their
1.5 Million Members
The Danish Confederation of Trade Unions (Danish LO) has selected the
TopClass e-Learning Suite to manage and deliver blended learning programs to
its 1.5 million members across 22 different unions. TopClass is being used
to consolidate knowledge from Danish LO's huge membership base, leveraging
existing content by re-purposing it for a wider audience via e-Learning,
rapidly capturing existing knowledge from subject matter experts and
bringing together members into a common learning community where they can
all contribute and benefit from each other's experiences.
“TopClass impressed us with its openness, knowledge capture tools and
features to easily repurpose classroom training. However, the ability to
bring all this information together into a central repository where all our
members can meet as a learning community is what really makes this solution
special” said Kenneth Lovholt, e-Learning Project Manager, Trade Union
Centre of Competency, Danish LO. “In addition TopClass Publisher has proven
easy to use for our knowledge experts - allowing them to produce e-Learning
content quickly with the minimum of additional training."
Complete Solution for HIPAA Compliance from WBT Systems and
QuickCompliance
WBT Systems and QuickCompliance, a leading provider of e-learning content to
help companies comply with the Health Insurance Portability and
Accountability Act (HIPAA), today announced the successful deployment of
their combined offering at several large Blue Cross/Blue Shields
institutions and other health plans and hospitals. The customer
installations include companies ranging in size from 2,000 to 20,000
employees.
The HIPAA legislation mandates that any employee who comes into contact with
protected health information must receive job specific training on company
policies and procedures in regard to privacy and security
regulations. The HIPAA Training Solution enables companies to quickly and
efficiently train their employees to meet regulatory requirements.
WBT Systems Announces Strategic Alliance with Bluewave
WBT Systems announced a strategic alliance with Bluewave Ltd, Maersk Data’s
UK subsidiary, to deliver a comprehensive e-Learning solution to the
Financial Services, Life Sciences and Transport & Logistics sectors. Maersk
Data is a 3,000 person global systems integrator and is part of the Maersk
Group.
Bluewave is a global solutions and managed services company, and can provide
an end-to-end solution for customers’ e-Learning requirements. It offers the
added value of state of the art hosting and out-sourcing facilities.
Bluewave is also unique in having an extensive in-house content creation
team, renowned for building top quality, highly engaging and interactive
training content, designed for the web.
WBT Systems' TopClass Announces Netegrity SiteMinder Integration
WBT Systems announced the availability of TopClass integration with
Netegrity SiteMinder®. The integration allows policy-based identity and
access management and supports single sign-on to the TopClass e-Learning
Suite. Users can move seamlessly from an existing portal site to the
TopClass application and return to the portal without the need for
re-authentication.
In addition to support for multiple user authentication processes, including
Netegrity Siteminder and Microsoft Windows Unified Logon, all content in
TopClass is secured at the Learning Object level. Users are automatically
sandboxed with access to content and collaboration areas associated only
with their own courses. Administrators, instructors, authors and mangers are
all secured with varying levels of security privileges that ensures they
have access only to work with those users, content and other resources
appropriate to their roles. These electronic signature and access rules
together with our comprehensive audit trails ensures compliance with all
applicable data capture standards.
