$3.4B Canvas CU Signs with AKUVO
MALVERN, PA – The $3.4 billion Canvas Credit Union has selected AKUVO’s Aperture portfolio risk and delinquency management solution, the technology firm announced today. Canvas will be the first credit union live on the Aperture platform. AKUVO was founded in early 2020 by Jay Mossman, the founder of Akcelerant, with Aperture becoming available in June 2021.
Headquartered in Lone Tree, Colo., Canvas serves nearly 266,000 members under the tagline, “We’re here to help you afford life”. The credit union cited AKUVO’s cutting-edge technology as a primary reason for the conversion, saying the platform will allow Canvas to build a more modern, member-centric portfolio risk and delinquency management strategy.
“Canvas Credit Union’s value promise requires them to serve a market of one, in which every member has an exclusive, customized experience,” said AKUVO Founder and CEO Jay Mossman. “Aperture’s data-driven, AI approach will allow them to do just that, while also supporting the credit union’s need to grow and scale with that customized strategy.”
Canvas also said they selected AKUVO due to their trust in the firm’s team and history of success in credit union technology solutions.
“We are excited to begin a new era in collections strategy,” said Shawn Spratte, SVP of Loss Mitigation & Communication Center. “AKUVO will allow Canvas to live out its purpose statement, helping members and their families make better decisions and grow stronger financially.”
AKUVO creates, delivers and supports data-driven technology and consultative services focused on member and portfolio risk management. AKUVO’s technology and services are rooted in the latest data science applications, including machine learning, artificial intelligence, and natural language processing, to ensure credit unions have the right tools and technology to compete and win in the financial services market. Additional information is available at www.akuvo.com.