FOR IMMEDIATE RELEASE February 25, 2020
CONTACT Bill Bromback, Senior Vice President, (484) 364-5223
AKUVO PARTNERS WITH POWERLYTICS
Brings unique IRS data to credit unions
WAYNE, PA — AKUVO is proud to announce that is has partnered with Powerlytics to bring unique IRS data to the U.S. credit union industry marketplace. Powerlytics provides the most comprehensive and accurate understanding of consumer and business financial data, at a Zip+4 level, based on creating a multi-year database of IRS tax returns. The database also incorporates U.S. Census and Department of Labor data.
Powerlytics data is being used by financial institutions to: enhance underwriting efforts via income validation, identify the best customers to offer credit line increases and manage risk in their existing portfolios.
Jay Mossman, CEO of AKUVO, stated “Gaining a deeper and more accurate understanding of the financial picture of both current and prospective credit union members is always paramount. It’s critical for lending, risk management and marketing efforts. Powerlytics solutions bring a new level of capability in addressing this challenge.”
“Adding AKUVO to our team allows us to continue to expand delivery of our solution within the financial service industry. Jay and his team have significant experience working within the credit union market, and we know that they will help credit unions leverage the data Powerlytics has to offer,” according to Kevin Sheetz, CEO of Powerlytics.
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.