The cbanc Network said more than 10,000 people have now joined its collaboration community, a new milestone for the 3-year-old service.
Austin, Texas-based cbanc said more than 4,400 credit unions and banks have now joined the network. The company said it is now adding 30 new members per day and has been used by 52% of U.S. banks and 15% of the nation’s credit unions.
“Getting 10,000 users means both banking and credit union professionals can find peer content solutions to just about any problem they post to the network,” said cbanc President Myers Dupuy. “Our goal is to get every bank and credit union professional in the industry collaborating with each other to solve any issue that arises.”
cbanc users contribute all content, trading documents such as policies and vendor agreements and discussing topics such as exam and peer trends.
So far there have been 14,258 content items traded and 3,539 vendor reviews, and users spend an average of nine minutes per session while viewing nine pages, Dupuy said.
“Users know they can come here and get actual information they can apply to their jobs,” Dupuy said. “Most social/collaboration sites have a problem of everyone wanting content but no one being motivated to share. We have turned this problem on its head by giving everyone the right incentives to share their best work. This is not a forum; it’s a virtual marketplace of financial intelligence.”