Prosperity Bank Selects AKUVO Collections Platform to Support Growth

Malvern, PA —AKUVO, a leading technology organization specializing in collections and credit risk management, is proud to announce that Prosperity Bank, with $40 billion in total assets, has chosen AKUVO’s platform to streamline its collections processes.  

“We are excited to partner with Prosperity Bank, a growth-focused institution that shares our commitment to innovation and customer service,” said Steve Castagna, AKUVO Chief Revenue Officer. “As the financial industry continues to face rising delinquencies, we are eager to help Prosperity Bank efficiently scale and adapt.”   

Known for its community-focused approach, Prosperity Bank currently operates 285 locations in Texas and Oklahoma from its Houston, Texas headquarters. The implementation of AKUVO’s platform will support the bank by improving collection efficiencies, protecting assets, and streamlining processes. 

“The AKUVO Platform’s scalability ensures that as we grow, our loan collection operations can seamlessly adapt to increased volumes without sacrificing quality,” observed Todd Young, Senior Vice President & Consumer Collection Manager at Prosperity Bank. “This solution empowers our employees with tools to enhance borrower communication and work more efficiently. We are excited to see the long-term impact this will have on our collections process.” 

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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.   

About Prosperity Bancshares, Inc.® 

As of September 30, 2024, Prosperity Bancshares, Inc.® is a $40.115 billion Houston, Texas-based regional financial holding company providing personal banking services and investments to consumers and small to medium-sized businesses throughout Texas and Oklahoma. Founded in 1983, Prosperity believes in a community banking philosophy, taking care of customers, businesses, and communities in the areas it serves by providing financial solutions to simplify everyday financial needs. In addition to offering traditional deposit and loan products, Prosperity offers digital banking solutions, credit and debit cards, mortgage services, treasury management solutions, and wealth management services, including trust and retail brokerage. Prosperity currently operates 285 full-service banking locations.