Conductiv

Conductiv, Inc. is a New York-based financial technology company founded in 2019 that operates as a credit risk assessment and lending automation solutions provider for financial institutions. The firm primarily serves community banks, credit unions, CDFIs, and fintech lenders, aiming to enhance their lending operations for a variety of loan types, including personal, auto, credit cards, and small business loans.

The company was established by CEO Gopal Swamy, a fintech veteran with over 15 years of experience at firms like American Express and various data-focused startups. His background includes leading global software implementations and recovering over $200M for a major lender, experiences that directly inform Conductiv's mission to address inefficiencies in the lending process. The leadership team also includes Cimarron Buser, who handles partnerships and has extensive experience in the credit union and community banking sectors.

Conductiv's business model is centered on its software platform, which digitizes and automates the collection of lending data that falls outside the scope of traditional FICO scores. It provides lenders with a single API to digitally access and verify permissioned applicant data such as income, employment, bank statements, and tax returns from various sources. This process is designed to reduce manual work for underwriters, decrease loan application abandonment, and combat fraud. The platform then employs AI and machine learning to analyze this first-party data, identify patterns, and provide insights that augment existing underwriting models, helping lenders increase loan approval rates without elevating risk. The service is delivered as a future-proof API that integrates with existing Loan Origination Systems (LOS) like MeridianLink and LendAPI, with implementation taking as little as a few hours.

Significant milestones for Conductiv include its participation in the ICBA ThinkTech Accelerator program, where CEO Gopal Swamy received the 'All-Heart Award' for his commitment to community banks. The company is also a portfolio company of TruStage's Discovery Fund, which focuses on early-stage fintechs. These achievements, along with partnerships with entities like Charleston Angel Partners, highlight the firm's growing traction in the financial services market.

Keywords: lending automation, credit risk assessment, alternative data, loan underwriting, digital lending, financial data API, income verification, employment verification, open banking, fintech platform, loan origination, AI in lending, bank technology, credit union solutions, fraud reduction, loan approval rate, permissioned data, cash flow analysis, data aggregation, community bank technology