Qorus Banking Innovation Awards 2023

Virtual Reality Training Platform by CA-TS (Plateforme Formation VR de CA-TS)

Submitted by

Crédit Agricole Technologies et Services

Logo of Crédit Agricole Technologies et Services
premium
Q+
22/09/2023 Banking Innovation

About

The Virtual Reality training platform developed by CA-TS offers a solution that enables Crédit Agricole Regional Banks and IFCAM (the university of Crédit Agricole Group), to easily and independently create, share, and distribute VR-based training scenarios using 360° videos and artificial intelligence for scenarios with voice interaction.

Innovation presentation

The training sector is living a digital transformation, and virtual reality (VR) is emerging as a solution to solve several known issues such as employee available time for training, information retention management, manage costs, employee motivation.

Crédit Agricole Ile de France has sponsored an initiative in the course of an internal open innovation process called CR-Thon, leading to a successful experimentation project.

The experimentation is a custom-made VR platform by CA-TS (Crédit Agricole Technologies et Services) that enables regional banks and IFCAM, the university of Crédit Agricole Group, to independently create, share, and distribute VR-based training scenarios using 360° videos and AI for scenarios with voice interaction.

VR training is complementary to existing methods and offers unique benefits. It provides immersion, realism, and the ability to experiment daily situations that are not possible with standards training programs. Trainees can live realistic scenarios and practice their skills in a safe and controlled environment, which can significantly reduce training costs by eliminating the need for expensive physical equipment and venues.

Since its launch in early 2021, the solution has been adopted by 13 Regional Banks as a new training format for their employees, and the catalog has today more than 40 available training scenarios.

Uniqueness of the project

Our innovative approach to training, utilizing Virtual Reality, help us to position us as a leader in the market. This disruptive innovation provides proven benefits to our employees, enhancing their soft skills and enabling them to deliver better client service, consistent with our motto of being "100% digital, 100% human".

At Credit Agricole, we are proud to be one of the only banks that have implemented this new format of training in an industrialized manner. Our custom-made and internal (integrated to our Information System) solution adds a unique value proposition and differentiating factor.

By embracing this innovation, we are delivering a superior training experience to our employees, staying ahead of the curve in a rapidly-evolving market. We believe that this disruptive innovation will continue to strengthen our position as a leader in innovative solutions, helping us to achieve our business objectives and meet the needs of our customers and employees.

Want to keep reading?

Become a Qorus member to get access to all our innovations

Interested in learning more? Speak to Boris, Qorus's Content Lead

Qorus has a library of almost 8,000 innovation case studies across critical areas like customer experience, sustainability, marketing & distribution and more that can be used to inform your decision-making.
Contact us

Related innovations

24/04/2024 Insurance Innovation

Fully immersive - the VR-based insurance advice app. Customers and advisors meet in the Metaverse

By 2016, almost 3 million VR glasses had been sold worldwide. Five years later the amount had increased almost sevenfold....

24/04/2024 Insurance Innovation

OneZurich Workforce Ambassador Module

Background: In 2021, we launched our Employee Ecosystem Initiative (OenZurich) aimed at revolutionizing the digital experience for our workforce. Over...

18/04/2024 Insurance Innovation

MigdalCONNECT: Empowering Handheld End-to-End Insurance Distribution & Monitoring

“MigdalCONNECT“ is an award-winning, hand-held, and people-focused, mobile insuretech platform that unleashes the power of human capital by delivering timely,...

18/04/2024 Insurance Innovation

Academia do conhecimento

Gamified professional development program with the objective of developing and strengthening key competencies of BB Seguros employees. Specific and innovative...

Related news & insights

Digital Reinvention
24/04/2024 Article

The 2024 Qorus-Infosys Finacle Banking Innovation Awards submission guide

The Qorus-Infosys Finacle Banking Innovation Awards are open for entries until June 21, 2024. Here's a guide to everything you...

ESG
23/04/2024 Interview

Breaking barriers: Banca Widiba's quest for gender equality in finance

Banca Widiba in Italy takes the issue of gender equality very seriously. In fact, its recent study on the subject...

Digital Reinvention
11/04/2024 Interview

Banca Widiba takes gold: Transforming financial advisory teams with innovative approach

Banca Widiba snagged the New Ways of Working gold award for ‘The Financial Advisors Team’ at the Qorus Reinvention Awards...

Insurance
08/04/2024 Article

Insurance Innovation of the Month: Caminhos by Bradesco Seguros

This month’s Qorus Insurance Innovation award goes to Bradesco Seguros for Caminhos, a unique mentoring program designed to support and...