The solutions will be made available exclusively in Asia before expanding more broadly. Thomson Reuters has signed an agreement with Present Value Training, the renowned provider of integrated learning solutions for the financial services industry, to provide in-depth and localized eLearning libraries to financial institutions in Asia, a response to increased training requirements.

“It is essential that professionals in the financial industry receive top-quality training to ensure regulatory compliance,” said Andrew Rawson, global head of eLearning Development at Thomson Reuters. “The agreement between Present Value Training, with its history in the financial industry, and Thomson Reuters, with its background in compliance training, brings together two global leaders to offer a solution of engaging industry and market-specific training for financial professionals.”

Thomson Reuters will integrate Present Value Training’s https://www.fitforbanking.com/tr/index.php
and http://www.fitforwealthmanagement.com/tr/ products into the solutions it currently provides financial institutions in Asia. The ‘fitforbanking’ library includes over 180 modules designed for bankers and traders, from basic topics such as fundamentals of quantitative methods and introduction to fixed income, to more advanced topics such as derivatives and valuation of structured products. The ‘fitforwealthmanagement’ library is more specifically designed for private bankers with topics such as portfolio management, investment strategies and financial planning. Currently Thomson Reuters has more than 800 ethics and training courses delivered in over 42 different languages.

“With the increasing volume and complexity of regulations year-over-year, it has never been more vital for firms doing business internationally to continue to invest and support the compliance function by ensuring that staff are adequately trained to meet these regulatory requirements,” said Andrew Neblett, managing director, Enterprise Risk Management, Thomson Reuters. “The expansion of our eLearning suite of compliance solutions further reinforces our commitment to provide our customers with solutions that enable them to conduct business globally while meeting their growing regulatory requirements.”

“In the past ten years we have learned that most incumbent solutions in the market only cover simple topics, or at the other extreme, illustrate the complex topics ineffectively with too many words and terminologies,” said Stefan Modrow, founder and CEO of Present Value Training. “Eventually, some users lose their interest and online training ends up becoming a short-cut to fulfill mandatory continuing education requirements. We cater to the ever-evolving learners' needs of keeping skills up to date with engaging and media-rich content as well as relating the newly acquired knowledge to the daily routine.”

Thomson Reuters and Present Value Training will also be developing quality content on a variety of local topics relevant to Asia, including the Hong Kong-Shanghai Stock Connect in Hong Kong and ASIC regulatory guidelines in Australia. As part of the training implementation process, Thomson Reuters can customize courses to fit the customer’s industry and policies.

Thomson Reuters eLearning provides practical, interactive, customizable and cost-effective compliance training programs, which assist in changing behavior and supporting a culture of integrity. More than 800 ethics and compliance training courses delivered in over 42 different languages; powered by world-leading regulatory intelligence, which tracks over 500 regulators and exchanges globally; updated in response to key regulatory developments; fully customizable to fit your organization's learning objectives; with a comprehensive audit trail to demonstrate training compliance, an essential part of your ongoing compliance and risk program.