What does Conductiv do?

Conductiv is a financial technology company based in Long Island City, New York, founded in 2019. The company focuses on digitizing and optimizing lending operations for banks and credit unions. Conductiv addresses inefficiencies in traditional lending processes by leveraging technology and artificial intelligence. The platform offers three main capabilities: digital data collection that enhances traditional credit scoring, AI-powered lending guidance that identifies patterns in lending data, and loan approval automation that speeds up the approval process while reducing manual work. Conductiv's approach aims to improve lending outcomes, particularly for low-to-moderate income populations, by utilizing user experience design, alternative data, and AI. Conductiv serves banks and credit unions, helping them streamline operations, prevent fraud, and reduce lending times. The platform has demonstrated significant results, including increased operational efficiencies and improved loan approval rates. The company is supported by experienced leaders in fintech and has received backing from various investors.