Akuvo inks partnerships with seven credit unions in the US
Akuvo, a US-based technology firm focused on collections and credit risk, has signed seven new credit unions to its Aperture platform.
The new clients include Star One Credit Union, First Source Federal Credit Union, Andrews Federal Credit Union, Publix Employees Federal Credit Union, AmeriCU Credit Union, Gulf Winds Credit Union and Launch Credit Union.
Together, these credit unions serve 747,388 members and represent $20 billion in assets.
Akuvo’s Aperture platform is a cloud-based collections platform that utilises data and analytics, Microsoft Azure machine learning, and natural language processing (NLP), taking a behaviour-based approach to credit risk and delinquency management.
The firm says the credit unions chose its platform due to its easy integration with third parties, experienced team and “extensive” customer loyalty offerings.
“Financial institutions are facing a myriad of challenges this year, and we’re pleased our technology can help minimise loan losses and facilitate a positive experience for account holders and staff,” says Steve Castagna, Akuvo’s chief revenue officer.
In April, Akuvo raised $10 million in fresh funding.