Velera’s TriVerity Unveils Integrated Collections Process With AKUVO

On Tuesday, TriVerity, a company owned by Velera, announced a new, integrated partnership with AKUVO to facilitate a better and seamless process for credit unions struggling with third-party charge-off collections and recoveries from non-performing loans.

“We are thrilled to incorporate AKUVO’s cloud-based capabilities into our comprehensive delinquency management suite through this partnership,” TriVerity SVP, Client Service and Marketing Wendy Elieff said. “This relationship will bolster TriVerity’s ability to efficiently recover charged-off accounts while providing credit unions with a single-source delinquency management solution that elevates the member experience.”

TriVerity, a full-service first- and third-party collection agency that manages early-stage delinquency will partner with AKUVO, a cloud-based collections software company uses a data-driven and behavior-based approach to credit risk and delinquency management. “The addition of AKUVO’s platform, leveraging automation and analytics, will enhance TriVerity’s offerings by providing advanced guidance and improving workflow through continuous connections with core processors, credit bureaus, payment providers, text messaging services, legal resources and more,” a statement from TriVerity said.

“We are pleased to partner with TriVerity to provide a seamless process for third-party charge-off collections, ultimately strengthening collectability and revenue benefits for credit unions,” AKUVO SVP of Relationships Mike Ruggiero said. “Through this partnership, the integration of AKUVO’s efficiency-focused collections platform will generate operational insights and support TriVerity in optimizing charge-off strategies.”