Events — Blog — CONDUCTIV

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Conductiv has seen significant customer growth during the last year and continues to help CU's achieve “more loans with less work.” Manual stipulation handling is disruptive to loan operations, and by automating this process Conductiv has not only increased approval rates, but has been able to provide AI insights for alternative decisioning.

Conductiv and partner credit unions presented at the Filene Research Institute SPARK!2024 conference on how using permissioned data can positively impact lending processes and the member experience. The research was part of a Filene Incubator, and the results will provide a framework showing how incorporating first-party data into lending practices can increase approval rates by up to 47%.

Gopal Swamy presents “The power of permissioned data in lending” at the Credit Union Growth Conference 2023 and how this data can provide “more loans (and deposits) with less work.” Permissioned data is detailed and highly descriptive of a member's financial behavior, but it requires members to provide access. This data includes income, debt, and identity, cash flows, payments, and more.

Gopal Swamy, CEO of Conductiv, presents at the Trustage Ventures Fintech Forum on the Conductiv solution and how it can provide “more loans with less work.” This 7-minute presentation provides an overview of Conductiv and discusses customer results showing significant increases in loan approval, income verification, and loan completion rates.

Conductiv launched its fully integrated solution at MeridianLink Live 2023, showcasing the ability to integrate with MeridianLink Portal. At the event, Conductiv met with many of the MeridianLink administrators, users, and loan officers and discussed how we could integrate as a “plug-in” in a few hours.