Recognizes members, based on others’ ratings, for their contributions.
Works like a social media feed by allowing users to post information and photos, and to interact with other users by following their feeds.
- Daily news
Emails members relevant articles and industry news.
The platform, which launched in 2009, enables users to collaborate with other industry professionals and share information on policies and procedures, vendor management and vendor product ratings. The Austin-based company’s CEO Bryan Koontz explains the platform:
We’ve taken the public, general-purpose model of LinkedIn and created a state-of-the-art, private and secure place for our members to connect with each other, share information, stay up-to-date on industry news and build their careers and professional reputations.
CBANC incents banks to share best practices and intellectual property and its member engagement has increased almost 4x year-over-year; additionally, the company has experienced a 30x year-over-year increase in document contributions since January 2015.
Later this year, the company plans to revamp its UX, add vendor solutions and member polling, enhance the Wire feature, and launch topics pages.
CBANC’s former President Myers Dupuy demonstrated the network at FinovateFall 2011 in New York.