Akcelerant Founder Jay Mossman has launched AKUVO, a new technology firm that will combine data and AI-driven solutions to improve credit union performance.
“Data in raw form is just data,” Mossman explained. “It requires data science tools like Business Rules Automation, Artificial Intelligence, Machine Learning and Natural Language Processing to unlock data’s value. Credit unions are increasingly faced with new competition from both established and new players in financial services, but if they combine the right data with the right tools, they can remain competitive.”
Mossman founded Akcelerant in 2000. Driven by sales of a new account, loan origination, collections, recovery, and other integrated software solutions, the firm quickly grew to 600 credit union and bank clients when it was acquired by global banking software firm Temenos in 2015. After assisting Temenos with Akcelerant’s acquisition and integration, Mossman felt he had more to offer credit unions and their members.
“I gained tremendous respect for credit unions and their cooperative nature while at Akcelerant,” he added. “I enjoy using technology to find new ways to advance the credit union movement, and I’m glad to be back among friends.”
As the company enters the market, it is initially launching the following products and services:
- Mapping Analyzer – Leverages a database that contains over 75,000 data indicators from more than 150 sources to gain key target market insights that can be narrowed all the way down to zip code. This cloud-based application also provides a geo-mapping capability, as well as, traditional tables and reports that can be combined with existing credit union data to track member behavior and location.
- Collections Analyzer – A cloud-based analytics tool that interfaces with the Temenos collection product (formerly Akcelerant). Collection Analyzer applies artificial intelligence and machine learning to provide advanced analytics.
- Consulting Services – Our highly experienced and talented team helps UNLOCK hidden value and deliver exceptional results to maximize credit unions’ capital investments in their collection and origination technologies.
We are an innovator in the field of data science, sourcing and integrating valuable market and business performance data, transforming it into cloud-based solutions leveraging Business Rules Automation, Artificial Intelligence, Machine Learning and Natural Language Processing. We create the opportunity for enhanced decision-making capabilities and business performance within the credit union industry.