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.
“We’re seeing an uptick in income fraud like we’ve never seen before”, says Don Arkell, the owner of CU Lending Advice and a veteran credit union executive who now helps credit unions with best practices. “Fraud is a constant battle in our business, and it has only increased with the adoption of remote delivery of loans and advances in online services.”
Unless lenders go beyond credit scores and use first party and permissioned data, they will continue to have difficulty approving no FICO and thin FICO applicants. Every lender faces this challenge and at Conductiv, we're proud to be helping CDFIs, credit unions, banks, and fintech lenders provide a better experience to applicants.
It's important for banks and credit unions to safeguard their systems in order to prioritize customer data safety and trust. Have you heard about the fraud butterfly effect? According to The Financial Brand, criminals used to just steal money after breaking into a banking account. Now, they’re grabbing everything they can, even people’s identities.
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.
In the early stages of the Covid-19 pandemic, traditional banks encountered a sudden need to digitize. These institutions had to turn to new technologies to replace the in-person services that were no longer available under lockdown.
In an interview with Bant Breen on the the UNCAGED Show, Gopal Swamy, founder of Conductiv, shares his story as a fintech entrepreneur and product leader with 20+ years of experience in tech startups. Gopal talks about how Conductiv helps lenders increase revenue and reach new customers with alternative data.
During Filene Research Institute's 2021 big.bright.minds. Conference, Gopal Swamy of Conductiv joined CU Broadcast in the onsite studio to discuss such topics as permission data, equity in lending, and. much, much more.
