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Absa Bank Selects PIC Solutions Support for SME Banking - Absa Bank Limited, one of Africa's largest financial services organisations, has signed a new and expanded RiskMentor contract with PIC Solutions
Absa Bank Selects PIC Solutions Support for SME Banking

 

NewswireToday - /newswire/ - Cape Town, Western Province, South Africa, 2008/09/09 - Absa Bank Limited, one of Africa's largest financial services organisations, has signed a new and expanded RiskMentor contract with PIC Solutions.

   
 
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Absa serves personal, commercial and corporate customers in South Africa. The Group also provides products and services to selected markets in Angola, Mozambique, Namibia and Tanzania in Africa.

This RiskMentor contract provides Absa with a specified number of consulting support hours, over a twelve month period that can be utilised as and when it is most required. The RiskMentor consulting contract ensures that resources can be used from any area of PIC expertise, including credit risk management consulting and support, analytics, project management and software services. This ensures maximum productivity and flexibility in achieving business objectives, combined with optimising business profitability and fixed monthly budgeting.

Frederick Fouche, Head of Small Business at Absa Bank Limited, “We are working extensively with PIC Solutions to refine our credit risk polices and systems. This RiskMentor contract provides us with a flexible way of obtaining specialist consulting expertise, which can be used as and when it is needed.”

Stephen J. Leonard, Chief Executive Officer at PIC Solutions adds, “This consulting relationship offers Absa flexibility in terms of timing and a wide-range of deliverables. PIC resources will provide consulting support to Absa across the entire range of the credit life cycle to identify opportunities that will realise measurable business benefits for the Bank. In particular, our consultants shall be focusing on assisting with the SME portfolio and ensuring that best practice policies and strategies are in place during these trying economic times.”

About PIC Solutions
PIC Solutions (picsolutions.com) is the leading specialist credit risk solutions company in the EMEA region. With offices in Cape Town, Dubai, Johannesburg, Manama and Nairobi, we deliver integrated analytics, consulting and software solutions to over 150 companies in 30+ countries. We work worldwide with organisations to improve performance, drive strategies and enhance profitability.

Marketing Manager
T: +27 (0)21 680 6010
F: +27 (0)21 680 6003
E: SSvoboda[.]PICSolutions.com.

 
 
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Absa Bank Selects PIC Solutions Support for SME Banking

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Publisher Contact: Claire Kaplan 
021 680 6019 info[.]picsolutions.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any PIC Solutions securities in any jurisdiction including any other companies listed or named in this release.

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