The Portuguese Bank Training Institute's (IFB) mission is to reinforce professional training within the banking sector and, specifically, support the continued development of Portugal’s financial sector by promoting and making professional qualifications for workers in this sector available. The IFB focuses on the continued training of banking professionals, as well as the training of candidates destined to work in that institution.

The IFB and The Portuguese School of Bank Management (ISGB) share resources related to training, such as administrative support, informatics and logistics, although course management is autonomous in each institute.Those in the IFB’s and ISBG’s target group tend to be highly geographically dispersed. This is because of the need to have people servicing the banking network throughout Portugal. Meanwhile, banks’ headcounts are falling, making individual training more difficult and expensive to deliver

By the time the IFB decided to acquire learning management tools, the institute had already developed a large range of courses. These courses were based on hundreds of learning objects and frequently needed changing, as a result of juridical updates, course customization requests, and requests for new training tracks that could include already existing or even new learning objects.

The learning material was built using the IFB’s own editor, however, organizing and aggregating this material required a more powerful tool. This tool also needed to be compliant with the most important eLearning standards - notably SCORM 1.2 and SCORM 2004.

So the IFB chose eXact LCMS, principally because it is fully standards-compliant and could be integrated with the IFB’s existing tools, particularly those in the area of evaluation management. eXact LCMS allows the IFB to continue using its own editor and integrate tests produced with its evaluation management tool. Moreover, the graphical and pedagogical aspects of the existing content can still be fully used when creating new content in eXact LCMS.

By using eXact LCMS authoring tools (eXact Packager) and digital repository, and with SINFIC’s support the IFB cannot only continue to use its own editor, but can also customize and develop particular materials to meet the needs of each institution. In addition, using these tools means that, instead of re-creating learning materials for learners in different geographies, the IFB can create content only once and then adapt and apply it to different graphical audiences.

Once this customization is complete, giving the IFB a greater amount of learning content to manage, the digital repository proves its worth. By categorizing each file and working area functionalities, the digital repository makes it easy to manage a large amount of learning content

The Portuguese Bank Training Institute (IFB), with its School of Bank Management (ISGB), is the Portuguese Bank Association (APB) body that provides ongoing training and specialized higher education. Its mission is to strengthen the culture of the profession and support the development of the Portuguese financial sector by improving its professionals’ qualifications.

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