Consumer Credit, a division of BoE Bank Limited, Africa`s leading provider of retail credit to an extensive network of independent retail, home improvement and auto fitment dealers has recently signed a 1,000 hour RiskMentor retainer contract with PIC Solutions.
The contract is a significant expansion of the existing relationship with PIC Solutions and `reserves` specialist resources to support credit and risk management objectives over the next twelve months.
The RiskMentor consulting contract ensures that resources can be used from any area of PIC expertise, including credit risk management consulting, analytics and scorecard development, project management and software services. This ensures maximum productivity, combined with fixed monthly budgeting.
Sivi Pillay, Risk Manager at Consumer Credit states: "We specialise in providing retail credit and personal finance to customer profiles that may be neglected by mainstream credit grantors and as such it is imperative that we effectively manage the risk-reward equation. We have worked extensively with PIC Solutions to refine our credit risk polices and systems and this RiskMentor contract gives us a flexible way of obtaining consulting expertise, which can be used as and when it is needed. We now have specialist, on-call risk management resources to address the dynamic challenges of the credit environment and look forward to applying these across more areas of our business to optimise profitability."
Dave Lewis, Director at PIC Solutions, adds, "We are pleased that Consumer Credit has recognised the credit risk management and analytical skills that PIC Solutions offers to the financial services industry and we look forward to working with Consumer Credit on an ongoing, proactive basis."
PIC Solutions is a unique, specialist customer management solutions company, providing Project management, Integration services and Consulting solutions to a wide range of blue-chip clients. With over 300 years combined experience in the Europe Middle East Africa region, PIC Solutions has rapidly grown to become the largest specialist customer management solutions provider in the Southern Hemisphere.
Our ongoing commitment is to enable clients to transform risk into revenue.
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