Fiserv's ITI Unit and Akcelerant Offer Advanced Collection Technology

Fiserv, Inc. said its Information Technology, Inc. (ITI) unit and Akcelerant Software LLC (Akcelerant) have joined forces to provide U.S. financial institutions with the ability to streamline the collection and recovery process. By integrating Akcelerant’s CollectAnywhere® product into ITI’s Premier® suite of integrated software, America’s bankers will have a powerful new solution available to increase collection productivity, reduce delinquency and lower annual net loss on charge-off.

This alliance between ITI, a popular provider of financial technology software and services, and Akcelerant, an emerging leader in software product development, provides bankers with an advanced collections management system that increases collection productivity by anywhere from 25 percent to 40 percent, enhances charge-off collections by as much as 10 percent and can provide an aggressive return on investment in as little as 12 months.

“CollectAnywhere software provides financial institutions with a powerful arsenal of tools to manage, monitor and perform all the collection and recovery activities associated with delinquent accounts,” explained ITI Senior Vice President Bob Michaud. “By integrating this proven solution with Premier’s customer-centric architecture, collections officers now get a much more complete picture of the customer before taking action. The bottom-line benefit is an increase in loan servicing profitability.”

Akcelerant President and CEO G.A. “Jay” Mossman III said he sees his company’s relationship with ITI as a significant strategic move for both organizations. “ITI has a very extensive and diverse client base of prestigious financial institutions across the country,” Mossman said. “We look forward to meeting the needs of many more of America’s bankers with the highest quality collections management solution in the industry today.”