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Compliance Training For Financial Institutions Market size In US is set to grow by USD 1.68 billion from 2024-2028, Rising need for skilled employees to boost the market growth, Technavio

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NEW YORK, Aug. 21, 2024 /PRNewswire/ — The compliance training for financial institutions market size in US is estimated to grow by USD 1.68 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 16.82% during the forecast period. Rising need for skilled employees is driving market growth, with a trend towards popularity of learning analytics. However, availability of open-source training platforms poses a challenge. Key market players include American Bankers Association, Association of Certified Anti Money Laundering Specialists LLC, Bank Administration Institute, Compliance Resource LLC, Delinian Ltd., FORVIS LLP, Learning Pool, Lorman Business Center LLC, MetricStream Inc., NAVEX Global Inc., New York Institute of Finance Inc., Redcliffe Training Associates Ltd., Regulatory Affairs Professionals Society, S.W.I.F.T. SC, THE FINANCIAL INDUSTRY REGULATORY AUTHORITY Inc., and Thomson Reuters Corp..

Get a detailed analysis on regions, market segments, customer landscape, and companies – Click for the snapshot of this report

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Courses (Professional courses and Introductory courses), Delivery Mode (Offline learning and Online learning), and Geography (North America)

Region Covered

US

Key companies profiled

American Bankers Association, Association of Certified Anti Money Laundering Specialists LLC, Bank Administration Institute, Compliance Resource LLC, Delinian Ltd., FORVIS LLP, Learning Pool, Lorman Business Center LLC, MetricStream Inc., NAVEX Global Inc., New York Institute of Finance Inc., Redcliffe Training Associates Ltd., Regulatory Affairs Professionals Society, S.W.I.F.T. SC, THE FINANCIAL INDUSTRY REGULATORY AUTHORITY Inc., and Thomson Reuters Corp.

Key Market Trends Fueling Growth

The use of big data and learning analytics in compliance training for financial institutions in the US has gained significant traction. These technologies enable trainers to analyze employee performance data, preferences, and behaviors, enhancing the overall training experience. Learning analytics facilitates the prediction of employee performance, personalized e-learning, increased retention rates, and cost efficiency. Trainers can monitor progress and identify gaps, allowing for targeted interventions. Predictive analytics helps forecast learner understanding and address potential issues. Financial institutions benefit from valuable insights into employee needs, cost savings, and improved training outcomes. The integration of big data, AI, and learning analytics is expected to create a customized learning experience, boosting productivity and driving growth in the US compliance training market for financial institutions. 

The Compliance Training Market in the US is experiencing significant growth due to increasing laws and regulations in the financial sector. Trends include Code-of-conduct and ethics, Cyber security training, and Diversity training. Partnership strategies with new solutions providers like OpenSesame Plus Subscription are popular. Latest trends include Interactive training techniques, Cloud computing, Centralized data storage, and Learning analytics technologies. Driving factors include MNCs’ complex businesses, Work-from-home policies, and End-use industries’ shift to digital. New solutions include compliance training materials for Offline training and other compliance training needs. Continuous monitoring strategy is crucial for Legacy systems, Enterprise Resource Planning, Supply Chain Management, Transport Management Systems, and Trade analytics solutions. Cyber security and ethical conduct remain top priorities in the E-learning industry. 

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Market Challenges

The open-source compliance training market poses a significant challenge to the growth of the compliance training industry for financial institutions in the US. Several open-source companies offer a range of modules for query, reporting, and federal regulations training. These platforms can cover most functionalities provided by paid vendors. Their availability reduces the cost of compliance training for Small and Medium Enterprises (SMEs) in the financial sector. However, intense competition and government regulations may limit the use of open-source platforms in the long term. This competition could impact the revenue and profitability of vendors offering paid compliance training courses. Despite these challenges, the use of open-source platforms remains popular among small-scale financial firms. In summary, the open-source compliance training market presents both opportunities and challenges for financial institutions and vendors in the US.The Compliance Training Market in the US financial sector faces challenges in providing long-term solutions due to the ever-evolving latest trends. Cloud computing and centralized data storage are popular solutions, but learning analytics technologies are gaining ground. Compliance training materials come in various forms, including offline methods and online solutions like e-learning. Driving factors include rules and regulations, complexity of businesses, and technological improvement. MNCs and large organizations grapple with legacy systems and enterprise resource planning, supply chain management, transport management systems, and trade analytics solutions. Employees need information security training and regulatory compliance training, such as sexual harassment training. The e-learning market, internet infrastructure, smart devices, and SMAC technology facilitate online training solutions from providers like Cornerstone. Small & medium enterprises also require compliance training, making it essential for all businesses to stay updated. Continuous monitoring strategies are crucial to addressing changing business needs.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

This compliance training for financial institutions market in US report extensively covers market segmentation by

Courses 1.1 Professional courses1.2 Introductory coursesDelivery Mode2.1 Offline learning2.2 Online learningGeography 3.1 North America

1.1 Professional courses- The Compliance Training market for Financial Institutions in the US is projected to experience notable growth during the forecast period. Professional or advanced courses, such as the risk management professional certificate and the risk regulation: The Dodd-Frank Act advanced risk management professional certificate, are gaining popularity. These courses offer detailed descriptions and applications of financial compliance concepts using tools and techniques through exercises. Vendors, like NYIF, provide these courses in various delivery formats, including classroom-based, virtual classroom, and on-demand. While large organizations prefer classroom-based training for its perceived quality, the increasing adoption of online training due to rising Internet penetration and mobile training is driving market growth. Prerequisites apply to professional and advanced courses, targeting senior and middle management professionals, including managers, analysts, treasury analysts, regulators, auditors, and controllers. The constant changes in financial regulations and high cost of creating compliance training content are challenges. However, the mandatory nature of professional compliance training for senior and middle management in financial institutions due to federal agency grant requirements, the need for highly skilled financial professionals in the face of increasing cyberattacks and financial risks, and the use of big data solutions for risk management, compliance, and customer experience improvement are significant growth drivers. The adoption of big data solutions necessitates high-end training among employees, further fueling the growth of the professional courses segment and the Compliance Training market for Financial Institutions in the US.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022) – Download a Sample Report

Research Analysis

The Compliance Training Market in the US is witnessing significant growth due to the increasing need for employees in financial institutions to adhere to rules and regulations. With the advancement of technology, the training landscape is shifting from traditional methods to internet infrastructure and smart devices. Small and medium enterprises (SMEs) and large organizations alike are investing in compliance training to mitigate risks and ensure long-term solutions. Technological improvement and changing business needs are driving the market, with regulatory compliance training, information security, cyber security, sexual harassment, code-of-conduct and ethics, and diversity training being key areas of focus. Partnership strategies between compliance training providers and financial institutions are also on the rise. Cloud computing and learning analytics technologies are revolutionizing the delivery and effectiveness of compliance training programs.

Market Research Overview

The Compliance Training Market in the US is experiencing significant growth due to the increasing importance of Rules and Regulations in the financial sector. E-learning has become a preferred choice for delivering Compliance Training to Employees in Large Organizations and Small & Medium Enterprises. Technological improvement and Changing Business Needs are driving the market, with SMAC technology and Online Training Solutions gaining popularity. New solutions like Interactive Training Techniques, Information Security Training, and Cyber Security Training are in high demand. Partnership strategies and OpenSesame Plus Subscription are also shaping the market. Driving factors include the complexities of businesses, MNCs, and continuous monitoring strategies. Latest trends include Cloud Computing, Centralized Data Storage, Learning Analytics Technologies, and Compliance Training Materials. Offline Training and Other Compliance Training are also offered, but Online Training Solutions are becoming the norm due to the Internet Infrastructure and Smart Devices. The market is expected to continue growing due to the increasing importance of Regulatory Compliance Training, Sexual Harassment Training, Code-of-conduct and Ethics, and Diversity Training. Despite the challenges posed by the Manufacturing Sector Shutdown and the use of Plastic-based Containers, long-term solutions are being sought after. Work-from-Home Policies and End-Use Industries are also impacting the market. The E-learning Industry is expected to continue playing a significant role in providing Compliance Training to various sectors, including the financial industry.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

CoursesProfessional CoursesIntroductory CoursesDelivery ModeOffline LearningOnline LearningGeographyNorth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Technology

Molex Unveils Versatile VaporConnect Optical Feedthrough Modules Enabling Thermal Management Innovations to Address AI-Driven Data Center Growth

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September 23, 2024

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First-to-market, cassette-based solution for two-phase immersion cooling slashes time and cost associated with installing and upgrading hyperscale data centersPlug-and-play deployment easily connects immersion-tank optical transceivers to cabling infrastructure via fully upgradeable sealed modulesFuture-proof capabilities include flexibility to change connector types and shuffle circuit configurations without impacting mechanical interfaces or tank design

LISLE, Ill., Sept. 23, 2024 /PRNewswire/ — Molex, a global electronics leader and connectivity innovator, today introduced a thermal management solution that reduces the time and cost of deploying and upgrading high-performance data centers to meet unrelenting demand for generative AI and machine learning workflows. Molex VaporConnect™ Optical Feedthrough Modules for two-phase immersion cooling address constant increases in data center speed and capacity by leveraging a unique, cassette-based design that bolts directly onto immersion tanks and enables optical transceivers and network cabling infrastructure to be swapped out without changing mechanical interfaces or impacting immersion tank architecture. Reference designs for the new modules will be available commercially in Q1 of 2025.

“Molex continually embraces innovative optical solutions to ease data center deployments and upgrades while alleviating critical thermal management challenges,” said Trevor Smith, general manager, Optical Connectivity, Molex. “VaporConnect gives customers the flexibility to upgrade connectivity and scale cooling system designs to keep pace with data center growth by simply deploying a different module, which will accelerate upgrades while reducing overall energy, cooling and technology costs.”

Streamlining Two-Phase Immersion Cooling
Molex VaporConnect Optical Feedthrough Modules simplify the connections between optical transceivers contained within immersion tanks and cabling infrastructure that exists outside the tank using fully upgradeable sealed modules. With VaporConnect, sealing and cabling is accomplished inside the module, giving customers the opportunity to upgrade connectors without impacting immersion tank design or architecture. Additionally, customers have the flexibility to re-use standard cabling infrastructure for multiple product generations, which further reduces deployment time, cost and complexity.

A full range of industry-standard and Molex optical connector form factors are available for single- and multi-mode fiber solutions. They also feature mix-and-match functionality to facilitate system upgrades to newer or denser connectors. Customizable module footprints are available to fit specific space and application requirements. Also, Molex VaporConnect Optical Feedthrough Modules are designed to minimize external patching and shuffle requirements by leveraging Molex FlexPlane™ optical circuitry technology. As a result, complex optical shuffles and high-density fiber routing are integrated seamlessly within the module for simpler installation and plug-and-play operation.

Reliable, Versatile, Upgradeable Optical Interconnects
A sealing gasket comes with every VaporConnect module, which is thoroughly tested using industry-standard, helium-leak testing to ensure a reliable seal with the tank wall. This also assures a seamless transition from the server line cards inside the tank to outside cabling infrastructure. Testing is underway for compliance with industry-standard GR-1435-CORE.

VaporConnect modules are designed to accommodate customer specifications, with the number of fiber channels dependent on the number and type of connectors used. As many as 576 fibers can be integrated into a single module. A range of form factor options are available, including MPO, LC and very small form factor (VSFF) options, such as MMC, MDC, SN and SN-MT. This ensures conformance to existing infrastructure and streamlines system upgrades. As part of Molex’s continued investment in this area, an EBO connector option is currently in development, with availability slated for the first half of 2025.

Molex’s Commitment to Optical Network Innovations on Display at ECOC 2024
As the largest manufacturer of Optical Feedthrough Modules for two-phase immersion cooling, Molex has shipped more than 350,000 optical channels to date. At this year’s ECOC’24, Molex will reinforce its commitment to optical network infrastructure innovations with on-site product displays, including the new VaporConnect Optical Feedthrough Modules. The company’s extensive line of optical connectivity products, optoelectronics solutions and wavelength management systems also are being featured at Stand C75. As a participating member in OIF, Molex is part of an interoperability demonstration, which takes place at Booth B83, to spotlight optical networking innovations and solutions for data centers, AI/ML technologies and disaggregated systems.

About Molex
Molex is a global electronics leader committed to making the world a better, more-connected place. With a presence in more than 40 countries, Molex enables transformative technology innovation in the automotive, data center, industrial automation, healthcare, 5G, cloud and consumer device industries. Through trusted customer and industry relationships, unrivaled engineering expertise, and product quality and reliability, Molex realizes the infinite potential of Creating Connections for Life. For more information, visit www.molex.com.

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SOURCE Molex Incorporated

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CASIO Aims to Capture the Capital’s Fashion-Centric Urban Youth with its New Exclusive Store at Kamla Nagar

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September 23, 2024

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NEW DELHI, Sept. 23, 2024 /PRNewswire/ — Casio Computer Co. Ltd, headquartered in Japan and the parent company of Casio India, launches its exclusive store in Kamla Nagar. With this endeavour, the brand has strengthened its retail footprint to 64 stores across India with the fifth exclusive Casio store in New Delhi.

Located in the heart of Kamla Nagar market, a vibrant hub for Delhi University students, the new Casio Exclusive store is poised to become an emblem of trendsetting timepieces, blending Japanese quality and craftsmanship with sophisticated style. The store features G-SHOCK’s Limited-Edition drops, all iconic styles of 5000, 5600, 6900, 110 & 2100 Series and the latest launches from the G-STEEL range. Customers will find timepieces that showcase precision and design—from the rugged durability of G-SHOCK to the timeless elegance of Casio watches to the sophisticated chronographs of Edifice, and the nostalgic appeal of Vintage—catering to a wide array of tastes and preferences.

Speaking about the launch, Mr. Hideki Imai, Managing Director of Casio India, said, “We are thrilled to announce the opening of our newest CASIO store in Kamla Nagar, marking our fifth milestone in Delhi and our 64th across India. This launch represents a significant step in our nationwide expansion and our commitment to engaging with the students and watch enthusiasts who frequently visit and reside in the North campus of Delhi University.

“Kamla Nagar, with its vibrant community of young, creative minds, is the ideal location for our newest store. This launch reinforces our dedication to delivering unique and immersive experiences to our consumers in Delhi NCR, aligning with their evolving lifestyles and preferences. We look forward to welcoming our customers to the new store, where they can experience a fine blend of Japanese craftsmanship, unmatched durability and trendsetting style.”

Set to open its doors to Delhi University’s fashion and watch enthusiasts who value individuality and a unique sense of style, this store promises an enthralling experience unlike any other. Located at Shop No. 33/34, Kamla Nehru Marg, Bungalow Road, the brand invites visitors to explore its newly curated space, where every corner embodies the spirit of innovation and creativity. The store is operational from 10:30 AM to 09:30 PM on all days of the week.

About Casio India Co. Pvt. Ltd.:

Casio India Co. Pvt. Ltd.(CIC) is the Indian subsidiary of Casio Computer Co., Ltd., Tokyo, Japan, one of the world’s leading manufacturers of consumer electronics and business equipment solutions. Casio India has established a dynamic presence in the Indian market since 1996, emerging as a leading and cherished consumer goods manufacturer. Casio India’s range of products includes the sales and marketing of Timepieces, Electronic Musical Instruments, Desktop Calculators, Scientific Calculators, Label Printers, and Clocks.

 Setting the benchmark for excellence, Casio India is dedicated to embodying the spirit of innovation and quality that defines the Casio legacy. With a strong commitment to its corporate creed of ‘creativity and contribution,’ Casio has consistently translated this ethos into the creation of innovative products making a positive impact on society.

For more information, visit https://www.casio.com/in/

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Hospital in Greenland chooses Sectra’s radiology solution–enhanced cross-country collaboration for improved patient care

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September 23, 2024

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LINKÖPING, Sweden, Sept. 23, 2024 /PRNewswire/ — International medical imaging IT and cybersecurity company Sectra (STO: SECT B) will provide its enterprise imaging solution to Dronning Ingrids hospital (DIH) in Greenland. The solution will enhance DIH’s ongoing collaboration with hospitals in Denmark, addressing resource and subspecialty challenges, and ultimately improving patient care in the region. 

“The partnerships we have with hospitals in Denmark are highly important to us as we, being sparsely populated, struggle to recruit staff and cover medical specialties locally. To deliver care at the speed and quality we want, we need to both increase the efficiency of our internal radiology workflows and facilitate the cooperation with healthcare providers in Denmark. Sectra’s unified platform enables this by providing easy access to images, data, patient portfolio and necessary tools, along with the ability to efficiently share information,” says Cosmus Pyndt, Manager of the diagnostic and therapeutic department in the region.

DIH is Greenland’s central hospital. It is located in the city of Nuuk, also supporting 15 clinics spread around the country. The contract for Sectra’s enterprise imaging solution was signed in the second quarter of Sectra’s 2024/2025 fiscal year following a donation to the hospital from Kirsten og Freddy Johansens Fond. DIH will initially utilize the solution’s module for radiology.

“Sharing resources, expertise and workload between hospitals within a region or, as in this case, even across borders, is crucial in handling the increasing workloads in healthcare and resource shortages. Therefore, the sharing of information and images between hospitals should be efficient and easy. It is encouraging to witness the collaboration between DIH and hospitals in Denmark. The involvement of Rigshospitalet in Denmark, which went live with Sectra this summer, and particularly the expertise of Chief Radiologist Martin Lundsgaard Hansen, has been helpful in shaping this project,” says Sune Henriksen, Managing Director, Sectra Denmark.

He continues: “I am honored to support Dronning Ingrids hospital in delivering high-quality patient care, and we are excited about this new chapter for Sectra as we extend to support healthcare in Greenland.”

Sectra’s enterprise imaging solution provides a unified strategy for all imaging needs while lowering operational costs. The scalable and modular solution, with a VNA at its core, allows healthcare providers to grow from ology to ology and from enterprise to enterprise. Visit Sectra’s website to read more about Sectra and why it’s top-ranked in ‘Best in KLAS‘.

About Sectra
Sectra contributes to a healthier and safer society by assisting health systems throughout the world to enhance the efficiency of care, and authorities and defense forces in Europe to protect society’s most sensitive information. The company, founded in 1978, is headquartered in Linköping, Sweden, with direct sales in 19 countries, and distribution partners worldwide. Sales in the 2023/2024 fiscal year totaled SEK 2,964 million. The Sectra share is quoted on the Nasdaq Stockholm exchange. For more information, visit Sectra’s website.

For further information, please contact:
Dr. Torbjörn Kronander, CEO and President Sectra AB, +46 (0)705 23 52 27
Marie Ekström Trägårdh, Executive Vice President Sectra AB and President Sectra Imaging IT Solutions, +46 (0)708 23 56 10

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