BankNet - The retail banking simulation

BankNet is a dynamic and realistic simulation of a retail bank which accurately reflects many of the challenges facing modern retail banking. Competition, consolidation, management skills, and the impact of new technology are all explored in the experience.

Working in teams, participants act as the management of a retail bank with a large branch network. The teams must decide on the strategic alignment for their "virtual" bank and develop creative strategies to steer it through major changes while increasing profitability and efficiency.

Decisions include: Overall strategy, managing change, building effective teams, restructuring the branch network, internet banking, promoting financial services, assessing and addressing competition, identifying opportunities, and building a successful, motivated organization. At the end of the seminar participants will:

• Gain a greater understanding of the challenges facing retail banking and how they can be approached.
  
• Learn to think and act creatively and strategically, to set goals and targets
  
• Understand the value of good communication and team-work, and how they can contribute to the success of the overall strategy.
  
• Refine their understanding of the tactical and financial implications of business decisions
  
• Learn to balance risk against profit potential
  
• Gain a clear appreciation of the importance of good management skills
  
• Learn to monitor performance against targets
  
• Be better equipped to meet the twin challenges of customer service and cost efficiency
  
• Develop a positive approach to change
  
• Gain a practical insight into the complexities of managing a successful retail bank
  

Customization

Each simulation can be highly customized to accurately reflect any bank. We work with you to create a virtual model of your particular organization to ensure your objectives are met.

Who will benefit?

• Branch Managers
  
• Managers of branch networks
  
• HR Personnel
  
• Financial services and sales staff
  
• Marketing staff
  
• Fast track associates
  
• Compliance staff