Continuity Engine Introduces Crowdsourcing for Banking

Community brings open source licensing to community banking for TARP,
compliance and operations materials

MONROE, Conn., April 7 /PRNewswire/ -- Continuity Engine announces the
availability of Community, a collaboration platform for community banking.
Community offers freedom of access, open licensing and tools to enable
Crowdsourcing for banking. It is the first site to release content with free
use, change and share licensing to bring the vitality of open source software
to banking compliance and operations.

"Crowdsourcing is the right solution for community banking compliance, TARP
and operations," says Andy Greenawalt, CEO of Continuity Engine. "Over 17,000
community banking organizations in the US face the same regulations as the big
failing banks. The typical community bank, with one-hundred million in assets,
will have 25 employees. Though they have the tight budgets of small
businesses, they must spend thousands annually on policies and procedures that
are identical from bank to bank, and credit union to credit union. Through the
power of Crowdsourcing, Community lets bankers work with bankers to get what
they need with the help of Continuity Engine experts and the experts among
them."

Community is open and free for those working at regulated banking institutions
in the US. Freedom of access eliminates barriers responsible for shrinking the
community of common interest. As seen with Linux, the great Crowdsourcing
success story, community size and licensing type make all the difference. All
content created on Community, by members and Continuity Engine experts, is
released under Creative Commons license for the rights to share, remix and
reuse. Typically, this content has been held as proprietary by consulting or
documentation firms. Due to its secret nature, sharing could never gain focus
and momentum.

"The first folks on Community were banking software users groups," says Jim
Kisch, Chief Community Officer for Continuity Engine. "Hundreds of bankers
have been on over the last six months using Community to get more done. By
finding others with common problems using the powerful social networking tools
of Community, they can quickly organize around their issues, divide them up
and work together. As a former bank CIO and CFO, it is really exciting to be
building what I'd always wanted."

Pattie Bernier of Bath Savings Institution in Bath, Maine adds, "Our user
group has been around since 1987 with banks from $10 million to $6 billion
over the Eastern Seaboard. While we would share information and exchange ideas
at our annual conference, doing it throughout the year was complicated. With
Community, we've been working together so that none of us is reinventing the
wheel."

To join Community, please visit http://www.continuity.net and click Join.

About Continuity Engine, Inc.:

Founded in 2008 by SaaS, banking and compliance veterans, Continuity Engine
created an on-demand platform designed to simplify regulatory compliance
achievement in the management of policies, procedures and audit programs.
Continuity Engine is backed by Gnostic Ventures and located in Monroe,
Connecticut.

Contact:

Andy Greenawalt, Founder and CEO
Continuity Engine, Inc.
203-903-0124

http://www.continuity.net

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SOURCE Continuity Engine, Inc.

Andy Greenawalt, Founder and CEO of Continuity Engine, Inc., +1-203-903-0124