ABN AMRO Bank selects PIC Solutions for Credit Academy training

PIC Solutions has been selected by ABN AMRO Bank N.V. to deliver an intensive programme of credit/statistical scoring training for the bank`s consumer credit and risk management personnel.

ABN AMRO, based in the Netherlands, is one of the top 10 largest banks in Europe, ranked by tier one capital. With over 3 000 branches in over 60 countries, the bank provides a full range of consumer credit products to its clientele.

PIC Solutions launched The Credit Academy in 2003 and this specialist training programme includes a series of six credit risk management seminars, ranging from one to three days. The seminars can be delivered at the PIC Solutions training facilities in SA or clients can elect to have the training delivered onsite.

ABN AMRO selected a customised solution for training its global consumer credit and risk personnel which was delivered at the bank`s head office in Amsterdam. In addition to the seminar presentations, the delegates were exposed to a series of case studies and exercises based on international best practices. There was a special focus on the application of techniques and strategies taught during the course, achieved through a `credit and behaviour scoring simulation exercise` which the participants took part in during the course.

J"org Stensinski, Group Risk Management - Program Lending at ABN AMRO Bank, comments: "The course was unique to ABN AMRO. A specific advanced scoring training, using a wide range of applications of statistically-based models had never been offered before. We felt a need for it despite the fact that ABN AMRO Bank is already a sophisticated user of a wide variety of scoring technologies, which has resulted in significant benefits for the bank and our customers. We have consumer credit operations and personnel located all over the world and made the decision to bring them together for this intensive training programme in Amsterdam. We selected PIC Solutions to deliver this customised training programme as they have a track record of successfully completing similar assignments."

Varun Sood, Senior Vice-President of ABN AMRO Bank, states: "The simulation exercise was especially useful. It offered participants the opportunity to apply the concepts they had learned, compete and have fun and immediately see the impact of their decisions."

Bayan Dekker, Director of Predictive Modelling at PIC Solutions, adds: "The Credit Academy seminars were established in response to client requests for a flexible programme of consumer credit risk management training. Our personnel have a wealth of experience of delivering practical training solutions all over the world and we are delighted that ABN AMRO has joined a number of organisations in the EMEA region that have now signed-up for onsite Credit Academy seminars."