AKUVO inks seven more credit union deals
MALVERN, PA (May 24, 2023) — AKUVO, a technology organization specializing in collections and credit risk, announced today that it has signed seven new credit unions to its Aperture platform. Together these credit unions serve 747,388 members and represent $20 billion in assets.
Three institutions are in Florida, where AKUVO has gained significant market share.
AKUVO’s new clients include the $10.3B Star One Credit Union of Sunnyvale, Calif.; the $932M First Source Federal Credit Union of New Hartford, N.Y.; the $2. 5B Andrews Federal Credit Union of Suitland, Md.; the $1.4B Publix Employees Federal Credit Union of Lakeland, Fla.; the $2.7B AmeriCU Credit Union of Rome, N.Y.; the $1.1B Gulf Winds Credit Union of Pensacola, Fla.; and the $1.4B Launch Credit Union of Merritt Island, Fla.
Aperture’s ability to easily integrate with third parties using pre-built connectors were cited by some credit unions as a factor in choosing Aperture. The collections solution creates seamless connections with core processors, CPI providers, credit bureaus, credit card and mortgage processors, letters and printers, outsourced collections, payment providers, text messaging services, legal resources and more.
Other credit unions said they are anticipating taking advantage of Aperture’s modern architecture, which is built to leverage Microsoft’s Azure Machine Learning (ML) and Natural Language Processing (NLP). Aperture also provides superior loss support specialty functions like bankruptcy, charge offs, debt settlement, foreclosures and repossessions, to name just a few. AKUVO’s experienced team and extensive customer loyalty offerings were also mentioned as reasons for selecting Aperture over other industry solutions.
“We’re thrilled with Aperture’s continuous growth in 2023,” said AKUVO’s Chief Revenue Officer, Steve Castagna. “Financial institutions are facing a myriad of challenges this year, and we’re pleased our technology can help minimize loan losses and facilitate a positive experience for account holders and staff.”
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.
