Collections and credit risk fintech Akuvo names William Coffey as new chief risk and data officer
US-based fintech Akuvo has hired William Coffey to oversee “data strategy, risk management, and cybersecurity initiatives” as its new chief risk and data officer.
William Coffey joins Akuvo as chief risk and data officer
Founded in 2019 by CEO Jay Mossman, Akuvo provides credit risk, collections and portfolio management technology for banks, credit unions, and other fintechs, with takers including Credit Union of Texas, Star One Credit Union and First Source Federal Credit Union.
In a statement released this week regarding its latest hire, Akuvo cites the initiatives now under Coffey’s remit as “integral” to its next intended phase of growth. The fintech’s internal risk management programme was previously headed by Pam Easley, hired as chief risk officer in 2021.
Coffey joins from WSFS Bank, a federal savings bank headquartered in Wilmington, Delaware, where he served as SVP and CTO.
Prior to this, he spent nearly 20 years working across several senior roles at Vanguard, including head of the programme management office, and chief technology and operations officer for the asset manager’s legal and compliance division.
Akuvo adds that this background of working with banks will “support strategic efforts to continue to expand the company’s bank market share”.
The fintech previously raised $10 million in a 2023 funding round supported by VyStar Credit Union, Launch Credit Union, BCU, Reseda Group and other backers to expedite its growth trajectory.
