The All-Heart Award, presented by the Independent Community Bankers of America, through their ThinkTECH Accelerator program, celebrates an individual's demonstrated passion, empathy, and commitment to making a positive impact on community banks. Gopal Swamy, CEO of Conductiv, is this year's recipient.
NEW YORK, March 27, 2024 /PRNewswire-PRWeb/ -- Conductiv, a fintech that helps community banks win back lost loans and deposits by digitally gathering data to improve underwriting, announced today that its CEO Gopal Swamy won the Independent Community Bankers of America®'s (ICBA) ThinkTECH Accelerator program's All-Heart award, sponsored by Wipfli LLP. This award celebrates an individual's demonstrated passion, empathy, and commitment to making a positive impact on community banks.
"Conductiv helps community banks fill in the gaps on their lending data to increase loan volumes while making that data easily readable, accessible, and useable, a timely need for community banks," ICBA Executive Vice President and Chief Innovation Officer Charles Potts said. "We're proud to recognize Gopal's important work with the All-Heart award following his participation in the ICBA ThinkTECH Accelerator as we know that Conductiv's solutions will help community banks continue to flourish."
Conductiv goes beyond traditional FICO scores to collect additional lending and loan servicing data that can be incorporated into a community bank's existing underwriting and lending processes to locate data patterns and help assist lenders in modifying their existing lending models to reduce risk and increase loan volumes.
"I am grateful to receive the All-Heart award as it recognizes our alignment with community banking values and dedication to creating an environment that promotes innovation," Conductiv CEO Gopal Swamy said. "It's undeniable that permissioned data helps banks lend more to low and moderate income (LMI) individuals and SMB owners by painting a more accurate financial picture of these borrowers. Participation in the ICBA ThinkTECH Accelerator has made a tremendous impact on our solution and we are thrilled to further promote community banking innovation."
Conductiv participated in the ICBA ThinkTECH 10-week accelerator and presented its refined offering to community bank executives during the ICBA ThinkTECH Showcase in Orlando.
Since its inception, the ICBA ThinkTECH Accelerator has connected the most innovative fintech companies with more than 1,400 community bankers and industry leaders — identifying and designing workable solutions that solve today's modern banking needs.
Conductiv participated in the first of two planned accelerator programs for 2024 as part of ICBA's shift to year-round programing and increased investment in ThinkTECH initiatives to support continuous development and advancement of community bank innovation.
For more information about Conductiv, visit conductiv.co. For more information about the ICBA ThinkTECH Accelerator, visit www.icba.org/accelerator.
About Conductiv
Conductiv digitizes the manual processes in lending operations, decreasing abandoned loan applications and increasing loan approval rates. The platform connects lenders to thousands of cash flow, income, identity, and other permissioned data points via a single, future-proof API. This makes it easy for lenders to digest and use this data, resulting in operational efficiencies, greater protection against fraud, and a modern, consumer-friendly experience. Less work. More loans. Happier customers.
About ICBA
The Independent Community Bankers of America® has one mission: to create and promote an environment where community banks flourish. We power the potential of the nation's community banks through effective advocacy, education, and innovation. As local and trusted sources of credit, America's community banks leverage their relationship-based business model and innovative offerings to channel deposits into the neighborhoods they serve, creating jobs, fostering economic prosperity, and fueling their customers' financial goals and dreams. For more information, visit ICBA's website at icba.org.
Media Contact
Nicole Swann, ICBA, 1 202-821-4458, [email protected]g, https://www.icba.org/
Scott Mills, William Mills Agency, 1 678-781-7201, [email protected], https://www.williammills.com/
SOURCE ICBA
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