Financial Selling Systems Offers Software to Train Branch Employees

Financial Selling Systems Inc. this week introduced personal-computer-based training software for branch employees.

The software, known as Magic Vault, emulates video games to teach bank trainees about basic banking and sales concepts. Using a PC, the system asks employees a series of questions designed by the bank. Only after giving a correct answer is the trainee allowed to move forward in the game.

Industry observers have estimated that as many as 75% of banks will be using some sort of computer-based training system by 1995.

"We know from research that interactive computer training can cut training time by as much as 50% and increase retention by as much as 80%," said Marshall Weems, president of Financial Selling Systems, based in Brentwood, Tenn.

Magic Vault costs about $2,500 and runs on hardware from International Business Machines Corp. and compatible systems.

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