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Cape Town, Western Province, South Africa, 2007/02/20 - Arab National Bank, a leading bank in the Kingdom of Saudi Arabia, has signed a consulting support contract with PIC Solutions for TRIADTM adaptive control system.
The TRIAD system, from Fair Isaac Corporation, has become the global-standard account and customer management solution for consumer credit grantors as it provides sophisticated risk management functionality in the credit limit management, collections and marketing communications environments. By automatically making the right decisions for every account in a portfolio, lenders are able to increase revenue, reduce losses, improve customer service and ultimately increase portfolio profitability and drive sustainable competitive advantage.
Through this strategy consulting contract, Arab National Bank has the flexibility of using PIC Solutions’ renowned strategy consultants to develop and implement effective credit risk strategies.
Ram Mohan, Assistant General Manager at Arab National Bank, states, “We look forward to expanding our relationship with PIC Solutions through this consulting contract. PIC Solutions’ strategy consultants have extensive TRIAD experience and through their support we can optimise our risk strategies and improve our bottom line results.”
Ian Read, General Manager of the Middle East region at PIC Solutions, comments, “This industry proven solution is designed to enable Arab National Bank to maximise the very profitability of their business through effective strategic credit decisions. During this assignment, our risk management team will provide ongoing strategy consulting support and direction to ensure Arab National Bank enjoys the full benefit of this leading-edge technology.”
About Fair Isaac
Fair Isaac Corporation (NYSE:FIC) makes decisions smarter. The company’s solutions and technologies for Enterprise Decision Management give businesses the power to automate more processes, and apply more intelligence to every customer interaction. Through increasing the precision, consistency and agility of their decisions, Fair Isaac clients worldwide increase sales, build customer value, cut fraud losses, manage credit risk, reduce operational costs, meet changing compliance demands and enter new markets more profitably. Founded in 1956, Fair Isaac powers hundreds of billions of decisions per year in financial services, insurance, telecommunications, retail, consumer branded goods, healthcare and the public sector.
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.