Malvern, PA – June 17th, 2025
AKUVO Automates Repossessions and Adds RDN
Malvern, PA — AKUVO, a leading technology organization specializing in collections and credit risk management, today announced new platform enhancements that fully automate the vehicle repossession process.
With these updates, AKUVO offers full integration with Recovery Database Network (RDN), a leading platform for managing repossession assignments and vendor relationships. By combining intelligent automation and bi-directional communication with RDN, the AKUVO Platform allows financial institutions to manage rising repossession volume with unprecedented efficiency. Institutions can now automate the entire lifecycle of a repo assignment, eliminating fragmented processes and reducing the need for additional staff and manual follow-up.
“Our goal is to help lenders handle increased volume without adding headcount,” said Mark Price, Chief Technology and Product Officer at AKUVO. “Through automation and strategic integrations like RDN, we’re giving financial institutions the tools to act faster, stay compliant, and reduce operational strain.”
AKUVO’s configurable repossession playbooks allow credit unions and banks to automate tasks and decisions throughout the entire lifecycle of a repo, while the RDN connector enables real-time, bi-directional communication between the AKUVO Platform and recovery agents.
Key benefits include:
- Full lifecycle automation of the repossession process
- Seamless integration with RDN, enabling direct assignment of repossession orders to agencies and forwarders
- Bidirectional updates, ensuring real-time visibility between institutions, AKUVO, and RDN
- Automated triggers based on RDN status changes to streamline decision-making
- Customizable playbooks based on institution-specific criteria
By combining intelligent playbooks with real-time integration, AKUVO empowers collections teams to shift from reactive to proactive repossession management—saving time, reducing risk, and improving the borrower experience.
For more information or to schedule a demo, visit www.akuvo.com.
About AKUVO
AKUVO is a leading provider of cloud-native collections software solutions that elevate how banks, credit unions, and fintechs collect and manage their portfolios via its products. Whether it is through their stand-alone virtual collector, or its next-generation collections platform, AKUVO provides the technology and data necessary to increase collections efficiency, provide a digital consumer experience, reduce staff costs, anticipate delinquencies, and provide insight into future credit decisions. AKUVO delivers a digital future for collections and account performance management with a visionary, behavior-based approach while taking full advantage of emerging technologies such as artificial intelligence, natural language processing, and machine learning. To learn more, visit www.akuvo.com.