FinovateAsia 2012 / BankersLab
Presenter Profile:
How they describe themselves: Airline pilots train in flight simulators, known to be one of the most effective training methods. After the financial crisis, isn’t it about time we ensure our bank risk managers also have access to the best training techniques? BankersLab® is innovating in human capital, bringing serious games to retail banks worldwide! We develop and deliver accessible strategic learning that improves customer and financial outcomes. Utilizing a blended learning model, BankersLab integrates numerical simulations, scenario games, the gamified classroom, and mobile learning for optimal knowledge and understanding.
How they describe their product/innovation: ScoringLab™ is simulation-based classroom training for bankers that addresses the usage of credit scores in retail banks. In ScoringLab, players are pitted against each other to operate virtual banks. That’s right – flight simulators for bankers! Although scores are used globally, it can be difficult to diagnose and understand customer trends, shifts, and impacts to model efficacy. First players must make portfolio underwriting decisions, and as the portfolio matures, manage the effects of external influences on customer behavior and model performance. The challenge is to run the most profitable bank with the most satisfied customers. May the best team win!
Contacts:
Bus. Dev., Press & Sales: Gail Galuppo, COO, gail@bankerslab.com
Website: bankerslab.com
Blog: bankerslab.com/blog
Twitter: @BankersLab
HQ: San Diego, CA, USA
Founded: April 2011
Product Demoed: ScoringLab™
Product Launch: November 2012
Metrics: Global Headquarters – San Diego, California; Asian Headquarters – Bangkok; Additional Offices – Dubai, Sao Paolo, Seoul; Number of Employees – 10; Investors – Private, Founders Capital; Money Raised – $300,000; Products Introduced: CreditLab™ introduced at FinovateSpring 2012; ScoringLab™ & Banc-it™: Scoring Edition to be introduced at FinovateAsia 2012; CollectionLab™ to be introduced in October 2012
- Key Executives
Michelle Katics (CEO), Kurt Gingher (CTO), Gail Galuppo (COO)
Key Stats
- Key Board Members
Michelle Katics (CEO), Kurt Gingher (CTO), Gail Galuppo (COO)
- Key Advisory Board Members
Neil Seitz (PhD, School of Business, Saint Louis University)
- Key Investors
Michelle Katics (CEO), Kurt Gingher (CTO), Gail Galuppo (COO), Min-Jung Kim (Korea Country Manager)
- Key Partnerships
Level Four International (www.levelfourinternational.com), Credit Risk Connection, Nilton Cardoso Consultoria Empresarial Ltd
- Key Customers
BankersLab customers are large retail banks and finance companies in South Korea, India, and Singapore. Public courses have been run and scheduled in Indonesia and Thailand.