Microlearning for Banking and Finance

During the last few years, the top 5 sectors with highest number of employment have been banks, IT,
mining, healthcare and textiles. According to Statista, “in 2017, the total number of people employed in financial services sector in the UK amounted to over 1.13 million.” There’s nothing wrong in stating that
banking and finance sectors are booming. However, the growth also indicates that increasing demand for such services which in turn points at the global and regional economic fluctuations and the need for expert support for handling those.

For employees involved in retail bank, insurance company or brokerage firms etc., what they know (or don’t) leaves a huge impact. The competence here depends on the efficiency of training and updation. However, owing to the pace at which financial reforms come up and the competitive schedules of most employees, not to forget the inclusion of technology eLearning comes in as a great training solution as discussed in a post shared some time back.

In general Banking and finance sector requires content for induction and onboarding, compliance training, sales training, Software/service-related training, sales training and training to improve the soft skills. While eLearning in general holds great virtues, multi device learning, mobile learning and Microlearning can provide training in banking and finance sectors and the necessary flexibility that it needs. Microlearning in particular can enable the learners to improve performance without impacting the service quality.

The key perks of Microlearning or short and concise content on devices of choice are that it can:

  • Easily fit the learner’s personal learning requirements and fill the specific skill gaps
  • Increase absorption through repetition and revision and hence trigger the necessary behavioral change
  • give a measurable result.

Let’s elaborate how Microlearning for banking and finance.


The use of Microlearning keeps the learners constantly aware about the fluctuations in the market, as updating a small module is easier than working on an extensive eLearning module. The advantage of Essayyoda Microlearning here is that not only can it be used to highlight the key points; it can be customized differently for different roles too. In financial terms, the implications of change in interest rates, Repo rates etc. that have different implications for managers and the sales team can be relayed accordingly, that too in a timely manner.

Better Learning Absorption

Microlearning as the name suggests is about how concise learning can be delivered. This work significantly well for banking and finance sectors as the stakes often involves large numbers. Often times handing over complex information in small nuggets works better in terms of understanding and retention to. And with the convenience that Microlearning offers it can easily be used for learning reinforcement.

Fixing Skill Gaps

Microlearning can assist in building the knowledge and confidence needed in the banking and finance sector.It can also motivate employees to act in compliance by impartingthe necessary knowledge through bite-sized courses, which in turn empowers the employees to deliver a great experience across. Microlearning hence, can easily fill the skill gaps, making the employees adept at handling their tasks.

Enhancing Knowledge

While learning and filling the skill gaps motivates the learners to perform better, it also boosts their morale. Not just that the ease of accessing learning on the devices of their choice opens up the possibility of self-driven learning and hence knowledge enhancement.

The aim of all training in banking and finance sector is to make the learners proficient in banking and finance domain, along with sales and customer relationship management skills. While Microlearning is a good learning model that provides the learners learning-on-time in a way that it is ingrained in the workflow, the actual learning requirement should determine the learning strategy.

So, what is your learning strategy? Still confused between eLearning and Microlearning? Just leave us a message, if you need our assistance.

Leave a Reply

Your email address will not be published. Required fields are marked *

Subscribe With Us

Recent Posts
September 7, 2022
6 Benefits of Outsourcing Your eLearning

Are you evaluating the decision of where you must do you eLearning development inhouse or outsource. Here are some of the tips on benefits of custom eLearning outsourcing for you.

Read More
September 1, 2022
Importance of eLearning in Remote Onboarding of Employees

eLearning is important for remote onboarding. Instead of going the traditional way of listing out the importance, what if we use a scenario instead?

Read More
August 22, 2022
Gamification for Safety Training

“Jack fell down and Broke his Crown, and Jill came tumbling after”.The lines from a rhyme that most of us chanted during childhood, but now that I look back, Jack must have been severely injured, and Jill too, considering the fact that both tumbled down the hill.

Read More
Recent Case Studies
December 19, 2020
Only Assessment Skill Assessment App

Knowzies Team developed a solution that consisted of a responsive web application with admin and user functionality. The admin can create assessments and assign those to users based on time and date. There are 6 different types of questions that can be created or bulk uploaded by the admin. This is a highly scalable architecture and is built to handle the load of as much as more than 5000 concurrent users. It had 4 types of users viz super admin, evaluator, and user.

Read More
December 17, 2020
On the SAAS Software Review Platform

Knowzies team offered a solution that consisted of a responsive web application that is available in 4 different languages- English, Spanish, Italian, and French. The main portal offered an excellent search facility to search the required product based on category, feature, pricing, country, etc. It also showed the latest trends in the industry and top 3 products based on the user’s reviews. It had 5 different types of modules like Main Page, Categories (further split into subcategories), market analysis and trends, and some useful resources.

Read More
December 14, 2020
Compliance Training App

Knowzies team created a solution that consisted of a responsive web application with multi-portal functionality. The main portal was integrated with the client’s website. An iOS, as well as an Android mobile app, is also part of the solution. It had 4 types of users viz super admin, master admin, sub-admin, and learner. Knowzies team adopted SCRUM methodology for managing this solution which was built across 8 sprints.

Read More
Knowzies Technology Solutions 
#5, Third Floor Trident Apartment,
Bavdhan, Pune, India

© 2024
 All Rights Reserved
Privacy PolicySitemap
envelopecrossarrow-up linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram