NewswireToday - /newswire/ -
Cape Town, Western Province, South Africa, 2006/10/05 - PIC Solutions has been selected by CrediMax, a credit card specialist company in Bahrain, to develop an application scorecard for their credit card portfolio..
CrediMax is a subsidiary of the Bank of Bahrain and Kuwait and was the first credit card issuer in the Kingdom of Bahrain. Through a combination of product development, joint ventures, commitment to a robust technological infrastructure, high quality management and development of its people, CrediMax follows its vision of being the preferred regional payment service brand.
CrediMax is committed to improving their risk management policies and has requested PIC Solutions to develop a scorecard that will enhance their applications processing environment. During this turnkey analytical project, PIC Solutions predictive modelling team will work closely with risk management personnel from CrediMax to ensure the successful implementation of the new scorecard. The application scorecard will be designed to achieve maximum benefit in the management of the organisation’s credit card portfolio.
Essa Ebrahim, Head of Customer Relations & Sales at CrediMax, comments, “We selected PIC Solutions for their extensive scoring expertise and knowledge of risk patterns in the Middle East market. Through the predictive power of this analytical tool we can effectively maximise our credit card portfolio. We plan to use this new application scorecard to enhance our credit decisioning process and minimise future business risk.”
Eva Neves, Department Head at PIC Solutions, adds, “PIC Solutions is committed to providing turnkey scorecard developments designed to effectively improve an organisation’s business policies and strategies. Our extensive understanding of risk modelling techniques and best practices will ensure that this application scorecard provides CrediMax with the capability to accurately assess credit applicants. CrediMax will then be able to effectively streamline their decisions and identify potential risk.”
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.