Absa Bank, one of Africa`s largest financial services institutions, has signed an expanded TRIAD adaptive control system consulting contract to increase the level of strategic credit risk management support from PIC Solutions.
TRIAD, from Fair Isaac Corporation, is the world`s leading account management system, providing sophisticated risk management and credit marketing functionality to credit grantors, telecoms and utilities.
Absa is a long-time user of the TRIAD system and has expanded its strategy consulting contract to ensure a continuous improvement in the credit and risk management of its portfolio of accounts.
Absa and PIC Solutions have co-presented a case study at Fair Isaac InterACT 2004 Prague and Fair Isaac InterACT 2004 Miami, providing attendees with insight into their sophisticated leveraging of the TRIAD system.
Tjaart van der Walt, General Manager Group Credit at Absa, states: "We look forward to expanding our consulting relationship with Fair Isaac and PIC Solutions. They have provided us with on-going expertise through their consulting services to ensure we utilise TRIAD effectively. The TRIAD solution has contributed to the improved efficiencies of our credit limit management, collections processes and marketing strategies and through this contract we can ensure we continue to make successful credit decisions."
Dave Lewis, Director at PIC Solutions, adds: "This expanded consulting contract offers Absa the flexibility of using PIC strategy consultants for both customer and portfolio level strategies in order to develop and implement leading-edge credit risk and marketing strategies on an ongoing basis."
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Fair Isaac Corporation (NYSE: FIC) is the pre-eminent provider of creative analytics that unlock value for people, businesses and industries. The company`s predictive modelling, decision analysis, intelligence management, decision management systems and consulting services power billions of mission-critical customer decisions a year. Founded in 1956, Fair Isaac helps thousands of companies in over 60 countries acquire customers more efficiently, increase customer value, reduce fraud and credit losses, lower operating expenses and enter new markets more profitably.
Most leading banks and credit card issuers rely on Fair Isaac solutions, as do insurers, retailers, telecommunications providers, healthcare organisations and government agencies. For more information, visit www.fairisaac.com.
PIC Solutions
PIC Solutions provides customer management solutions to a wide range of blue-chip organisations. We are experts in the fields of credit, risk and marketing and have an established track record of success powered by solutions.
PIC Solutions is the Fair Isaac alliance partner for the Africa Middle East region and from offices in Cape Town 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 lifecycle of their business.
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