Update on Digital Banking Simulation progress

As many of you know, Equilibrium Group has partnered with Excelerate Consulting to deliver the Ascension Banking simulation to banking markets around the world.

The banking simulation program is the ultimate digital learning experience for leaders in banking. The program is delivered by experienced senior banking executives using real-time digital technology via digital interfaces. It is a unique experience for bankers and gives teams experience managing products and pricing, investment trade-offs, treasury and the balance sheet in a volatile environment. The workshops involve banks competing in a virtual marketplace and having to make trade-offs and consider risk management in managing their banks. Nothing could be more relevant for bankers in the current market.

Critical learning objectives include gaining an end-to-end understanding of banking and improved commercial acumen, focus on managing all stakeholders, understanding financial and non financial measures and understanding scenario management for banks. We have had extremely good feedback form the most senior leaders in banks around the world.

The banking simulation is a phenomenal team learning exercise and is superb for building culture and breaking down the silos that so often have emerged in decision making in financial institutions

With Covid-19, we have had to defer a lot of sessions in major banks within Australia, Singapore and London however we are regularly communicating with those banks as they seek advice in the current volatile climate.

We look forward to re-commencing sessions as these markets start to re-open. Best wishes to the many teams and we really look forward to working with you again soon.