The number of financial institutions using cbanc Network, a free online content sharing portal for credit unions and banks, increased from 500 to nearly 3,600 in 2011, demonstrating a growth rate of 620%, cbanc announced.
The three-year-old, Austin, Texas-based company also said the length of its average logged-in session rose from 10 minutes to 12 minutes in 2011. Currently, approximately 7,710 users from 3,638 financial institutions use cbanc, the company said.
On cbanc, financial institutions can post and download useful banking-related content, such as vendor reviews, policies, training materials and compliance exam reports, via a points-based bartering system.
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