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AKUVO, a technology company providing portfolio risk and delinquency management solutions for credit unions, has received new funding from Reseda Group, a wholly-owned CUSO of the $6.7 billion, East Lansing, Mich.-based MSU Federal Credit Union, AKUVO announced Monday. The amount of the investment was not publicly disclosed.

In addition to the new funding, AKUVO kicked off 2022 with three new clients, including MSUFCU, which is the credit union serving Michigan State University and has over 320,000 members, and Credit Union of Colorado ($2.3 billion, Denver, 148,000 members). The name of the third client was not disclosed. All three new clients plan to leverage AKUVO’s flagship product, the delinquency management and portfolio analytics platform Aperture, which is cloud-based and designed to streamline day-to-day collection activities as well reduce delinquency using data and behavioral science tools like artificial intelligence, machine learning and natural language processing, according to AKUVO.

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Natasha Chilingerian

Natasha Chilingerian has worked in the credit union space for over a decade. She joined CU Times as managing editor in 2015 and was promoted to executive editor in 2019. Before that, she served as a communications specialist for Xceed Financial Credit Union (now Kinecta Federal Credit Union) in Los Angeles from 2013-2015, and as a CU Times freelancer from 2011-2013. She has been a professional writer and editor for more than 17 years, specializing in news and lifestyle journalism as well as marketing copywriting for companies in the finance and technology space.

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