iInteract Banking is a workshop program designed for senior bank managers using a globally used simulation which forms a bridge between banking theory and practical experience. The participants use Banking Simulation that simulates real-life scenarios from the banking industry.
The workshop sessions are inter-woven with experiential learning using the simulation helping participants to recognize, analyze and judge critical decision-making situations and understand the consequences of their decisions. Built-in MIS generates reports showing them the results of their decisions thus allowing them to analyze the decision with a micro as well as macro-economic perspective. The simulation, being game based, is also fun to play and participants retain knowledge longer.
Participants, divided into teams, during the course of the workshop enact as a virtual bank. The simulation workshop follows a “learn by doing” model where strategic and operational management decisions are simulated. Debriefs and exercises enable fast pace as well as an immersive environment under the guidance of an industry experienced facilitator. The two-day computer-based simulation program results in participants making collaborative decisions, engaging in interactive discussions and activities, hence learning to put the acquired skills to Practice.
LEARN - Subject matter experts from the banking industry provide a theoretical view of the different banking businesses, the market and statutory framework and the defined rules and policy guidelines of the industry.
EXPERIENCE - Each team represents one bank where participants enter their decision data, view all reports and can use a budgeting program to check their decisions for the upcoming period.
ANALYZE - The impact of their decisions with the help of MIS reports and De-briefing sessions conducted at each decision round leading to healthy collaboration and discussions.
PRACTICE - Effective decision making using a mock marketplace taking advantage of the risk-free environment and learn from mistakes. Additionally, the Universal Banking Simulation gives the option to simulate special market situations, which can be fed separately by the facilitator.