If you're into exchanging ideas to help better your credit union, then this episode is for you. We invited cbanc Network's President, Myers Dupuy, on the program to share with us how his organization "incentivizes" banks and credit unions to collaborate sharing ideas on how to improve their FIs. It's a pretty interesting sharing model that is totally free for credit unions to use. Some of the topics that are shared include: exams, best practices, vendor reviews, etc. Myers, fresh off his FinovateNYC presentation, explains his unique points system or virtual currency that's incentive for FIs to share and exchange ideas and information. Check out this episode and see how it's all done. Note: Please forgive the audio quality as it fades in and out a few times. But hang in there with it; Myers provides some compelling info. Enjoy the show!
What you'll learn...
1. Tell me about cbanc Network. What is it?
2. How does it work because the content is free: points system or virtual currency? (incentive to share!)
3. Who uses it? (CUs and banks actually share info?)
4. Sounds like a financial version of Wikipedia or Quora, where people contribute info for others to use. True?
5. What types of content are shared?
6. How did this idea come about?
7. How have you monetized it?
8. More than 300 CUs already use it. How do they benefit?
cbanc presenting at FinovateFall 2011 in NYC
Mike Lawson, Host
Married to a beautiful and wonderful wife, raising 5 kiddos (including twins!), enjoy helping others tell their stories, and love surfing SoCal waves. Keep it simple.