Credit Indemnity expands PIC Solutions risk consulting relationship

Credit Indemnity, a specialist financial services provider and subsidiary of African Bank, has expanded its RiskMentor contract with PIC Solutions. In this ongoing relationship, PIC Solutions will provide credit and risk management consulting support for Credit Indemnity`s range of personal loans portfolios.

Through this RiskMentor consulting contract, Credit Indemnity `reserves` a specific level of consulting hours over the next 12 months. Credit Indemnity can then make use of this consulting support as and when it is most needed. The client chooses what projects and when the specialist consulting resources are to be used, thus ensuring maximum productivity, combined with fixed monthly budgeting.

In addition, the RiskMentor consulting contract ensures that resources can be used from any area of PIC expertise, including credit risk consulting, analytics, project management and software services.

Lawrence Twigg, General Manager of Credit at Credit Indemnity, states: "PIC Solutions has played a key role in the development of Credit Indemnity`s in-house risk management expertise during the course of the last RiskMentor contract. We have a wide range of projects planned for the next 12 months and look forward to working with PIC Solutions, in an expanded relationship, to ensure that these exciting new initiatives come to fruition."

David Lewis, Director at PIC Solutions, adds: "We are delighted that Credit Indemnity has expanded their RiskMentor consulting relationship and recognised the risk management expertise that PIC Solutions brings to the micro finance industry. We look forward to adding value to these exciting new initiatives over the course of the next year."