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cbanc Network grows from 500 to 3600 FIs in 2011

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AUSTIN, Texas (1/13/12)--cbanc Network, an online repository of financial institution-created, exam-tested content, grew 620% in 2011, expanding  to nearly 3,600 financial institutions from 500 a year earlier.

cbanc, members trade work from all areas of their credit union or bank--policies, procedures, agreements, best practices--in an online marketplace. Members also report insights from recent exams, write reviews of vendors, and provide answers to peer questions.

The incentive is cbanc's points/rewards system, which provides a free market for the content that members post. The more content, experiences, and advice users share, the more points they earn toward the purchase of the information they share.

Much of the site's growth--70%--came direct from Google, with financial institutions searching for solutions from specific pain points, such as "ACH Risk Assessment," and Google returning user-generated content from cbanc high up in its search results, according to Myers Dupuy, cbanc president.

"Clearly, 2011's tremendous growth solidifies the need for this type of content collaboration within the financial services industry," Dupuy said. "We have become a reflection of industry needs--and that can be seen on a real-time basis by reporting on community activity. The behavior of our users reveals today's pressure points on the banks and credit unions, such as Dodd-Frank, ACH risk changes, and new technologies like mobile banking."

Diebold signs purchase agreement

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NORTH CANTON, Ohio (1/13/12)--Diebold has signed a purchase agreement for a site for its new global headquarters campus.

Diebold is a CUNA Strategic Services provider.

The agreement includes 55 acres of land in Green, Ohio. Diebold also would hold the right of first refusal to an additional 36 acres of land surrounding the site. 

Finalization of the site is contingent upon several steps that will occur during the coming months, including environmental and land testing, site pre-planning, necessary approvals from the State of Ohio, council approval from the City of Green, and local school board approvals.

If the land passes environmental inspections and site due diligence activities and the project receives local, state, and federal government approvals, Diebold anticipates finalizing the site selection process during the second half of this year and breaking ground sometime in 2013.

Initial plans call for a 500,000 square-foot building, which is expected to be completed two to three years after breaking ground.

DigitalMailer SocialLogix join on social media compliance

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HERNDON, Va. and ROSEVILLE, Calif. (1/13/12)--DigitalMailer, a provider of digital communication solutions to the financial institution industry, will be the exclusive partner for the delivery of SocialSentry, SocialLogix's social media tracking solution under an agreement reached between the two companies.

SocialSentry addresses the risks of social communication through its granular, real-time tracking of social media communication, the companies said.

The social media tool identifies and monitors employee communication from any location, within the company network or the Internet. SocialSentry also can monitor select users or an entire employee base and archive all social media communication for future analysis or e-discovery.

Because SocialSentry is a software-as-a-service offering, it can be deployed by credit unions of all sizes.