AKUVO, a leading provider of collections and credit risk management technology, has announced that Prosperity Bank, a financial institution with $40 billion in assets, has selected its innovative platform to optimize collections processes.
Driving Efficiency in Loan Collections
With 285 branches across Texas and Oklahoma, Prosperity Bank is known for its community-focused banking approach. By implementing AKUVO’s platform, the bank aims to enhance efficiency, protect assets, and streamline collection workflows.
“As the financial sector faces rising delinquencies, it’s crucial to have a scalable, data-driven approach to collections,” said Steve Castagna, Chief Revenue Officer at AKUVO. “We are excited to partner with Prosperity Bank, a forward-thinking institution that prioritizes innovation and customer service.”
Scalability and Improved Borrower Communication
The AKUVO platform offers AI-powered automation and real-time analytics, allowing Prosperity Bank to scale operations without compromising quality.
“Our collections strategy must evolve alongside our growth,” said Todd Young, Senior Vice President & Consumer Collection Manager at Prosperity Bank. “AKUVO’s technology enables our team to improve borrower communication, work more efficiently, and enhance the overall collections experience. We are eager to see the long-term impact of this partnership.”
By integrating AKUVO’s cutting-edge collections technology, Prosperity Bank is reinforcing its commitment to financial stability, operational efficiency, and superior customer service.
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