NewswireToday - /newswire/ -
Cape Town, Western Province, South Africa, 2007/03/20 - PIC Solutions, the leading specialist credit risk management consultancy in the Middle East and Africa region, is developing a turnkey scoring solution for Arab National Bank.
Arab National Bank, through its 113 branches and 12 ladies sections, spans the entire Kingdom of Saudi Arabia. This includes an international presence, in London, since 1991. Arab National Bank plays a pivotal role in serving the Saudi Arabian economy through the provision of a range of banking services. With the aim of enriching the customer experience, Arab National Bank offers a variety of innovative, new products through this expansive retail network.
As part of their commitment to improve the Bank’s profitability via effective risk management policies, Arab National Bank will implement a new application scorecard for their credit portfolio. During this turnkey analytical project, PIC Solutions’ predictive modelling team will work closely with the Bank’s risk management personnel to ensure the successful development and implementation of the application scorecard. In addition, PIC Solutions will provide essential credit risk training and consulting support to further enhance Arab National Bank’s applications policies and procedures.
Ram Mohan, Assistant General Manager at Arab National Bank, states, “PIC Solutions’ predictive analytical solution provides us with the perfect tool to identify high and low credit risks during the application process. We look forward to implementing the new scorecard to achieve our objective of minimising business risk through an improved credit decisioning process.”
Ian Read, General Manager of the Middle East region at PIC Solutions, adds, “Our scoring solutions are designed to aid organisations in their endeavour to make faster, more profitable decisions on customer acquisition, origination and account management. PIC Solutions understands the challenges facing Arab National Bank and our predictive modelling team will provide training and guidance to ensure they experience the full benefits of the application scorecard."
About PIC Solutions
PIC Solutions provides consumer credit solutions to a wide range of blue-chip organisations. We are experts in the fields of credit, risk and software and have an established track record of success powered by solutions.
PIC Solutions is the Fair Isaac alliance partner for the Middle East Africa region and from offices in Cape Town, Dubai and Johannesburg, provides all sales and support for the entire suite of Fair Isaac products and services. This includes consulting, project management, integration services, first line software support and ongoing maintenance.
Our ongoing commitment is to enable clients to optimise the credit life cycle.