Minnesota and South Dakota's Sunrise Banks partners with Akuvo
AKUVO, a leading technology organization specializing in collections and credit risk management, announced that Sunrise Banks, a values-based bank with locations in Minneapolis/St. Paul, Minn. and Sioux Falls, S.D., has selected the AKUVO collections platform.
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With more than $2.4 billion in assets, Sunrise Banks serves communities across Minnesota and South Dakota with a mission to drive financial inclusion and community impact through forward-thinking technology and services. By partnering with AKUVO, the bank is embracing a digital-first, borrower-friendly approach to collections. Of particular interest is AKUVO's Virtual Collector, which enables customers to take self-directed action on delinquent accounts, freeing up staff and reducing the need for manual follow-up.
'Our team is excited to bring advanced automation to our collections strategy,' says Todd Sharkey, Chief Credit Officer at Sunrise Banks. 'We were impressed by AKUVO's technology and how it allows us to do more with our existing team while delivering a smoother experience for our customers.'
AKUVO's SaaS platform helps financial institutions digitize and automate collection workflows, optimize staff productivity, and improve recovery outcomes, all while creating borrower engagement pathways that are modern and intuitive. For community banks like Sunrise Banks, these capabilities represent a strategic shift in how delinquency is managed.
'More banks are realizing the efficiency and profitability benefits of automating and digitizing collections, especially in the early stages,' said Steve Castagna, Chief Revenue Officer of AKUVO. 'We're proud to welcome Sunrise Banks to our growing community of forward-looking financial institutions.'
AKUVO continues to expand its reach in the banking sector with its intuitive collections technology that empowers institutions of all sizes to achieve more with less.
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