Saba Increases Momentum In Financial Services Industry; Saba Solutions Enable Financial Institutions To Improve Cross-Selling, Ensure Compliance, and Reduce Costs.Business Editors/High-Tech Writers REDWOOD SHORES, Calif.--(BUSINESS WIRE)--Feb. 19, 2004 Saba (Nasdaq:SABA), the leading provider of Human Capital Development and Management (HCDM HCDM Human Capital Development and Management ) solutions, today announced continued momentum in the 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. industry for Saba solutions designed to improve selling and cross-selling effectiveness, ensure compliance with government regulations, and reduce learning delivery costs. Saba financial services customers are based in ten countries across four continents and include: Abbey, ABN AMRO ABN AMRO Algemene Bank Nederland-Amsterdam Roterdam Bank (Dutch bank) , Banca di Sondrio, Banca Popolare di Milano Banca Popolare di Milano (ISE: IT0000064482) is an Italian cooperative bank. History The first cooperative bank in Italy, it was founded in 1865 in Milan by Luigi Luzzatti, who later served as the nation's Prime Minister. , Banco Itau, Banesto, Fifth Third Bank, Montepaschi Siena, Principal Financial Group, Promina Group Limited (one of Australia and New Zealand's leading insurance and financial services groups), Royal & SunAlliance, Shinsei Bank, Standard Chartered Bank Standard Chartered Bank (LSE: STAN, HKSE: 2888 ) is a British bank headquartered in London with operations in more than fifty countries. It operates a network of over 1,600 branches (including subsidiaries, associates and joint ventures) and employs almost 60,000 , Scotiabank, Swedbank, TUiR WARTA (the largest private insurance company in Poland), Union Bank of California Union Bank of California is one of the 30 largest commercial banks in the United States. It has 327 branches, the majority of which are in San Diego, Los Angeles and Orange Counties. and Wells Fargo. According to David Palm, Vice President and Director of Education and Career Development at Fifth Third Bank, "We expect Saba Learning to help decrease administrative time by 50 percent through the elimination of manual training processes. We also expect the Saba system to help improve our cross-sell ratios. Simply stated, if each employee sells one more credit card due to the skills acquired through training, we can more than pay for our learning technology investments." The Saba solution for financial services also includes a broad range of content alliance partners offering learning content that integrates seamlessly with Saba Enterprise Learning. These alliance partners include: Bankers Edge, DigitalThink, Easy i, eMind, Integracao Consultoria e Treinamento, Intermanagers (HSM (1) (Hierarchical Storage Management) The automatic movement of files from hard disk to slower, less-expensive storage media. The typical hierarchy is from magnetic disk to optical disc to tape. ), Kenexa, Mantissa The numeric value in a floating point number. See floating point. 1. (programming) mantissa - The part of a floating point number which, when multiplied by its radix raised to the power of its exponent, gives its value. Ltd, Mentor Tecnologia, MindLeaders, Omega Performance, PRIMEDIA Workplace Learning, Promon Tecnologia, Sage Online Learning, SkillSoft, SunGard Corbel corbel Block or brick partially embedded in a wall, with one end projecting out from the face. The weight of added masonry above counterbalances the cantilever and keeps the block from falling out of the wall. , and VideoLearning. Saba Solutions Help Financial Services Organizations With Regulatory Compliance With Saba, financial institutions and insurance providers can rapidly deliver learning offerings to employees, independent representatives and channel partners about new services demanded by the changing market. Using Saba, Financial Services organizations can also meet stringent regulatory compliance requirements -- and improve the effectiveness of learning initiatives as well as identifying compliance risks. Andy Brown, Manager, People & Performance, Corporate & Strategic Services at Promina Group Limited, one of Australia and New Zealand's leading insurance and financial services groups also selected Saba to assist the company with its regulatory compliance challenges. "To ensure compliance, Saba helps us to quickly and efficiently develop and deliver required training for employees throughout Australia. Saba is also a key element of our performance review process, because it aligns development planning with our corporate objectives." How Saba Helps Financial Services Companies Saba helps financial institutions to achieve value through support for the following business objectives: -- Improve selling and cross-selling effectiveness by delivering blended learning programs that instill in·still v. To pour in drop by drop. in  stil·la tion n. knowledge more effectively, just in time, and consistently across geographies. -- Reduce regulatory compliance risks by managing certifications and competencies and providing reports and audit trails to track the certification process. -- Reduce the cost of learning delivery by systematically automating and managing all learning processes and logistics across the enterprise. "Financial Services institutions need to differentiate themselves and deliver high customer value through expanded product portfolios, geographic reach, and superior client service, as well as follow tightened compliance regulations," said Bobby Yazdani, Saba Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "Leading financial institutions successfully leverage Saba's solutions to assure that their customer-facing employees have the knowledge and skills and competencies required to successfully and skillfully sell a range of complex, regulated products and services." About Saba Saba (Nasdaq:SABA) is the leading provider of human capital development and management (HCDM) solutions, which increase organizational performance through the implementation of a management system for aligning, developing, and managing people. Among the Global 2000, Saba customers include Alcatel, Cisco Systems, DaimlerChrysler, EMC (1) (EMC Corporation, Hopkinton, MA, www.emc.com) The leading supplier of storage products for midrange computers and mainframes. Founded in 1979 by Richard J. Egan and Roger Marino, EMC has developed advanced storage and retrieval technologies for the world's largest companies. Corp., Kaiser Permanente, Medtronic, Procter & Gamble, and VERITAS Software. Saba has received industry recognition for its solutions, and recently achieved the leader quadrant position in the Gartner 2003 e-Learning Suite "Magic Quadrant." Saba is headquartered in Redwood Shores, California Redwood Shores is an upscale and desirable [1] waterfront neighborhood on the San Francisco Peninsula in California. It is located on the eastern edge of Belmont, but is actually part of incorporated Redwood City. , with offices worldwide. For more information, please visit www.saba.com or call (877) SABA-101 or (650) 779-2791. Saba, the Saba logo, and the marks relating to other Saba products and services referenced herein are either trademarks or registered trademarks of Saba Software, Inc. All other trademarks are the property of their respective owners. |
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