How they describe themselves: BankersLab builds SaaS ‘virtual world’ training simulations for bankers and FinTech lenders. In our “Lab” courses, participants compete against each other in teams to manage the most profitable portfolios. Our global client base has given rave reviews of this powerful up-skill tool, and with requests to continue playing the simulation game outside of the “Lab”. By popular demand, we have created PortfolioQuest, BankersLab’s single-player Saas simulation product. By invitation only, paid Beta goes live in Spring 2016.
How they describe their product/innovation: PortfolioQuest is a ‘virtual world’ training simulation for FinTech lenders and bankers. This simulation platform has billions of possible outcomes, and is configurable for every level across all functional areas of consumer lending. Leader boards, competitions and progress metrics feedback players’ financial success and drive learning engagement. In addition to being a training tool, it is a powerful benchmarking tool. The ‘unstructured’ data from player behavior is a gold mine of insight. It provides early detection and troubleshooting of employees’ forecasting, decision-making and portfolio management skills.
Product distribution strategy: Direct to Business (B2B), licensed