PHONIZE sees 100 customer pilot milestone in queue for Morf Learning cloud platform with adaptive learning technology and gamification for mobiles
San Francisco, Calif. February 26, 2015 Phonize Inc., today announced significant momentum in the adoption of its enterprise compliance training platform, Morf Learning,™ with many of the nation’s largest mortgage lenders, banks and other financial services leaders. Fifteen U.S. financial institutions are using Morf Learning to train their thousands of employees and partners to implement new Consumer Financial Protection Bureau rules to take effect this summer.
Since the release of Morf Learning in December, the company is setting up two new enterprise customers in the financial services industry every week. It plans to accelerate implementation to meet sign ups for 100 firms in queue by the end of March. The customer milestone reflects Phonize’s success in addressing the sector’s urgent need for rapid, scalable, cost-effective compliance training.
Demand for Compliance Training Exceeds Supply
According to Ginger Bell, SVP Morf Learning, more than 27,000 Nationwide Mortgage Licensing System & Registry (NMLS) registered companies are racing to meet training and implementation deadlines by August 1, 2015 but the industry has a severe shortage of training experts .Bell is engaged in a national tour to provide expertise on training requirements in a series called Train the Trainer.
CEO Eduardo Cervantes commented on the inbound enquiry from major financial institutions and other companies in highly regulated industries. “Large institutions like Bank of America, Fidelity National Title and Wells Fargo are calling on Phonize to help them meet the urgent need for cost-effective compliance training,” said Cervantes. “Companies in the financial services industry and other highly regulated industries, like pharma, and retail, are telling us they need a scalable solution that makes it easier to satisfy ever changing regulatory requirements. Morf Learning is purpose built to help companies navigate the onslaught of regulatory change impacting their people, processes and technology.”
Morf Learning delivers a powerful, scalable Web-based compliance training and management platform, available online and for mobile devices. For trainers, Morf Learning offers built in authoring tools to enable rapid course-ware development and deployment—up to 16 times faster than traditional learning management systems. It also offers access to a large library of expert and certified industry content. Morf Learning offers robust and flexible reporting on individual and team learning mastery, proof of examination and more.
For trainees, Morf Learning is engaging, effective and fun. Its advanced technology platform integrates the latest principles of adaptive learning, such as interval or drip learning in a gamified framework designed with advisory from Yu-Kai Chou of Octalysis and Stanford University professor, Arthur Bienenstock. The patent pending Morf Learning adaptive technology and recommendation engine help engage and reinforce learning, concept mastery and remediation. As the first compliance platform to deliver optimized mini—courses in 3 minutes or less—Morf Learning personalizes playbooks for training and interaction.
“Hundreds of thousands of people in heavily regulated industries and in which safety is a vital concern can benefit from enterprise training done right,” added Cervantes. “Morf Learning is transforming enterprise compliance training into a better way for companies and their people to learn and perform at their best.”
Delivered as on a subscription model, Morf Learning is simple to purchase, deploy and scale. For information about Morf Learning or to try the pilot free, visit www.phonize.com.
About Phonize, Inc.
Phonize, Inc., developer of Morf Learning,™ provides a complete compliance training system via the cloud with built in authoring tools, gamification, smart analytics and reporting for fast, easy delivery to the mobile workforce anytime, anywhere. Phonize customers are Global 2000 companies running in complex or highly regulated environments, and include the finance, real estate, and pharmaceutical sectors. Founded in 2013, Phonize is headquartered in San Francisco, California.
For more information about Phonize, please visit: http://www.phonize.com.
Vice President Marketing of Phonize, Inc. USA