Crestar Bank Taps Pathlore's PHOENIX to Provide Intranet-Delivered Distance Learning.COLUMBUS, Ohio--(BUSINESS WIRE)--Dec. 15, 1997--Crestar Bank, the largest independent banking company headquartered in Virginia, has chosen PHOENIX for Windows from Pathlore Software for developing and distributing multimedia computer-based training See CBT.(application) Computer-Based Training - (CBT) Training (of humans) done by interaction with a computer. The programs and data used in CBT are known as "courseware." (CBT (Computer-Based Training) Using the computer for training and instruction. CBT programs are called "courseware" and provide interactive training sessions for all disciplines. ). Crestar will ultimately use PHOENIX to "stream" multimedia training over the company's intranet to nearly 9,200 employees in Virginia, Maryland, and the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). . Crestar's training programs serve a diverse audience spread across 477 banking locations in the two states and District of Columbia, said Senior Vice President Mary Ellen Winks. Crestar's training department, management and employees have embraced distance learning because the bank's network enables delivery to every desktop, eliminating the need for travel and lost work time. "Training must address many different learning environments, student learning preferences, ESL (1) An earlier family of client/server development tools for Windows and OS/2 from Ardent Software (formerly VMARK). It was originally developed by Easel Corporation, which was acquired by VMARK. (English as a Second Language) issues, and drive and study time. Bringing students into classrooms, which may be more than 200 miles from their worksite, is not always feasible," she said. Crestar delivers more than 80 courses over its current network, ranging from government-mandated instruction on banking regulations to customer service instruction. Pathlore's PHOENIX for Windows will join a computerized training environment that includes a variety of tools, including PHOENIX mainframe CBT and standalone stand·a·lone adj. Self-contained and usually independently operating: a standalone computer terminal. courses on CD-ROM's and diskettes. Crestar is turning to Internet-based distribution to eliminate the tracking and reporting shortcomings A shortcoming is a character flaw. Shortcomings may also be:
Crestar is migrating rapidly to the Windows client/server platform. "Corporate Training must be able to simulate client environments and effectively evaluate student performance," Winks said. "The development of an intranet gives us the opportunity to reach all audiences through a single Windows-based delivery channel. PHOENIX for Windows has all the pieces we need to make the company intranet work for training." The PHOENIX network delivery architecture utilizes a unique bi-directional streaming method for courseware delivery and capturing student interactivity. Rather than download an entire training program at once, PHOENIX sends out and takes back one page at a time, for interactive communication with the student. This approach insures course learning objects are transmitted to the student desktop only at the time they are needed, dramatically reducing network traffic. In addition, student responses and progress within the course are sent back to the PHOENIX server, enabling organizations to track and score training effectiveness against their learning objectives. The first of many projects at Crestar will be to redesign re·de·sign tr.v. re·de·signed, re·de·sign·ing, re·de·signs To make a revision in the appearance or function of. re its product training program and format it for multimedia. Crestar has targeted for enhancement those CBT courses that meet "high need" criteria, have the highest student usage, and require student mastery. Ron Poliseno, Pathlore sales director of financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , said Crestar's strong emphasis on intranet technology as a corporate strategy has put it ahead of many banking organizations in distance learning. "The goal of most financial institutions is to deliver training to every desktop," he said. "We are excited that Crestar executives recognize the power of PHOENIX and its ability to support the bank's business objectives." About Crestar Crestar is the largest independent banking organization headquartered in Virginia, a market leader in Virginia and the Washington, D.C. area, and a growing force in the Maryland market. Crestar marketing initiatives include consumer and business lending, mortgage origination Origination The process through which a mortgage lender creates a mortgage secured by some amount of the mortgagor's real property. Notes: Also known as loan origination, everyone must go through the origination process when securing a mortgage for a piece of real and servicing, corporate banking and investment related services. About Pathlore Pathlore's PHOENIX family of products provides network-based and standalone distance learning solutions for client/server, Internet, intranets, mainframe, Windows and PC-DOS The DOS operating system originally developed by Microsoft and supplied by IBM on its PCs before Windows 95 became the norm. Up until DOS 6, PC-DOS was almost identical to Microsoft's MS-DOS for non-IBM PCs, and both versions are called "DOS." See "IBM's DOS 6" under DOS 6. environments. PHOENIX is the only distance learning system that integrates authoring, Computer-Managed Instruction (CMI (Computer-Managed Instruction) Using computers to organize and manage an instructional program for students. It helps create test materials, tracks the results and monitors student progress. ), administration and delivery to address the complete needs of the Training Life Cycle. PHOENIX's unique Distance Learning Environment (DLE (character) DLE - Data Link Escape, the mnemonic for ASCII 16. ) provides organizations with an open platform to integrate leading training technology such as virtual classrooms with self-paced training. PHOENIX is currently in use at more than 80 percent of banks with assets greater than $3 billion, 70 percent of companies making up the Fortune 1000, as well as at major telecommunications, financial and utility organizations and government agencies. Pathlore Software, with headquarters in Columbus, Ohio Columbus is the capital and the largest city of the American state of Ohio. Named for explorer Christopher Columbus, the city was founded in 1812 at the confluence of the Scioto and Olentangy rivers, and assumed the functions of state capital in 1816. , delivers distance learning solutions worldwide. Pathlore has additional offices in Alexandria, Va.; London, England; Milan, Italy; and Sydney, Australia. For more information, visit Pathlore Software's site on the World Wide Web at www.pathlore.com or call 888-PATHLORE. -0- PHOENIX is a registered trademark and DLESM is a service mark of Pathlore Software Corporation. All other trademarks and trade names are owned by their respective companies. CONTACT: Pathlore Software Diane Crawford 888/728-4567, ext. 7225 dcrawfor@pathlore.com or Beaupre & Co. Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most , Inc. Christine LeCompte 603/436-6690 lecompte@beaupre.com |
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