WEBSTER BANK SELECTS THE EDCOMM GROUP TO ENHANCE COMPLIANCE TRAINING WITH POLICY AND SYSTEM SIMULATION
February 02, 2006 (PRLEAP.COM) Business NewsWebster Bank has selected The Edcomm Group to enhance Webster’s Focus On Compliance program for its bank-wide training needs.
Edcomm will expand Webster’s already successful compliance training, provided by Edcomm, by incorporating Webster Bank-specific policies and procedures. They will also implement Edcomm’s System Simulation Training (SST) to demonstrate various branch functions, including the processing of Currency Transaction Reports (CTRs).
Focus on Compliance, a computer-based, distance-learning program, can be delivered via Internet, Intranet or CD-ROM. The program teaches banking compliance using easy-to-understand language in an interactive, self-paced format. Participants learn from their own perspective, with a curriculum customized to their position. Focus on Compliance covers: Bank Secrecy Act (BSA), Anti-Money Laundering (AML), USA PATRIOT Act, OFAC, Privacy, Reg P, Gramm-Leach Bliley Act, Right to Financial Privacy, Sarbanes-Oxley (SOX), Reg CC & Check 21, Reg D, Reg E, Reg Z, Truth in Lending, FCRA, FACT Act, HMDA, CRA, and Bank Bribery, among others. The program also includes a quick reference guide to all banking regulations, as well as a glossary of terms and a library of reference materials.
Edcomm’s Focus on Compliance training program with System Simulation Training (SST) allows students to learn at their own pace in a non-threatening, simulated environment that looks and feels like the real system. By using Edcomm’s award-winning “Observe-Practice-Demonstrate” model, students are able to execute realistic transactions, and learn an assortment of tasks that are fundamental to fulfilling the requirements of today’s banking staff.
For more information about programs like these, or to find out how The Edcomm Group can customize any training program, log onto www.bankersacademy.com.
Connecticut-based Webster Financial Corporation is the holding company for Webster Bank, National Association and Webster Insurance. With $17.4 billion in assets and approximately 3,400 employees, Webster provides business and consumer banking, mortgage, insurance, financial planning, trust and investment services through over 150 banking offices, more than 290 ATMs, telephone banking and the Internet.
The Edcomm Group has had the privilege of assisting many distinguished clients with business solutions in the form of classroom instruction, print publication, video production, online documentation, interactive web systems and multimedia programs. In addition to the development of customized programs, The Edcomm Group offers many banking specific off-the-shelf products such as Teller Training and Compliance Training that have proven themselves effective in organizations around the world.
The Edcomm Group is an 18-year-old multimedia education and communication consulting firm specializing in the development of creative business solutions that improve productivity, customer service and market share — providing bottom-line results. The Edcomm Group (www.edcomm.com), (www.bankersacademy.com) is headquartered in New York City with an Advanced Design Center located in Fort Washington, Pennsylvania.
For more information, please contact:
President, The Edcomm Group