Malvern, PA – May 8th, 2025
Sunrise Banks Partners with AKUVO to Bring New Efficiency and Automation to Collections
Malvern, PA — 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.
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.
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 SUNRISE BANKS
Sunrise Banks is no ordinary bank; we strive to be a place where money and values meet for our customers and our communities. We do this by prioritizing social responsibility, community impact and environmental sustainability alongside our essential financial products and services. With locations in Minneapolis/St. Paul, Minnesota and Sioux Falls, South Dakota, Sunrise Banks seeks to build meaningful relationships, empower financial wellness and drive positive change.
Sunrise Banks is certified by the U.S. Treasury as a Community Development Financial Institution (CDFI), a designation earned by approximately 100 banks nationwide. Sunrise Banks is also a member of the Global Alliance for Banking on Values and a Certified B Corp for its demonstrated commitment to transparent corporate governance and positive community impact. Visit www.sunrisebanks.com to learn more. Member FDIC.