AKUVO and Sync1 Systems announce strategic partnership
MALVERN, PA (February 27, 2023) — AKUVO, a technology organization specializing in credit risk and delinquency management, announced today a strategic partnership with Sync1 Systems, an Austin, Texas-based loan origination software provider focused on lending and digital experience.
As part of this agreement, the companies will integrate their products, share technology and offer bundled pricing for loan origination and collections.
“We are excited to partner with Sync1 Systems,” stated Jay Mossman, Founder & CEO of AKUVO. “We have already begun to combine our platforms and look forward to delivering streamlined hardship and loan modification solutions to financial institutions. We also plan to utilize Sync1 technology for decisioning.”
Both companies built their next generation cloud solutions on the Microsoft Azure platform, utilizing Azure’s platform as a service. This will support quick and seamless integration of AKUVO and Sync1 technology.
Mossman added, “We also see the opportunity to offer bundled pricing as a way for credit unions and other lenders to move these functions to the cloud in a cost-effective way.”
“We are equally excited to partner with AKUVO and are already working to incorporate delinquency and other key data into Sync1 to help improve decisioning models,” commented Sync1 Systems CEO Steven Maloney. “Seamless integration and communication between LOS and collection platforms will be of huge benefit to credit unions, as it will allow for more convenience and efficient management, and a better borrower experience over the life of the loan.”
About AKUVO
AKUVO is a leading provider of cloud-native collections software solutions that elevate how banks, credit unions, and fintechs collect and manage their portfolios via its products. Whether it is through their stand-alone virtual collector, or its next-generation collections platform, AKUVO provides the technology and data necessary to increase collections efficiency, provide a digital consumer experience, reduce staff costs, anticipate delinquencies, and provide insight into future credit decisions. AKUVO delivers a digital future for collections and account performance management with a visionary, behavior-based approach while taking full advantage of emerging technologies such as artificial intelligence, natural language processing, and machine learning. To learn more, visit www.akuvo.com.
About Sync1 Systems
Sync1 Systems is an Austin-based loan origination software focused on lending and digital experience. We use the most effortless and smooth technology to transform the user experience and bring power to our partners for today’s ever-changing digital landscape. Founded by a team of innovative experts, we understand the unique needs of our partners. Sync1 Systems exists to serve the needs of our partners, and lending is our core foundation, bringing a turnkey solution to the financial services industry.
