Credit Indemnity, a specialist financial services provider and subsidiary of African Bank, has contracted with PIC Solutions to develop behaviour scorecards to predict the credit risk of its accounts.
The PIC Solutions Scoring and Modelling team will develop the custom behaviour scorecards, which will ensure that Credit Indemnity has the tools to effectively manage its portfolio of accounts.
A RiskMentor contract will be used for the PIC Solutions Consulting team to provide ongoing refinement of Credit Indemnity`s credit risk decision policies, strategies and product assignments throughout the entire customer lifecycle. Credit Indemnity will benefit from this ongoing RiskMentor contract throughout the year, as it reserves a specific level of hours over a 12-month period which can then be used for professionals from any area of PIC Solutions expertise.
Lawrence Twigg, Credit Executive at Credit Indemnity, states: "Credit Indemnity has been highly successful in providing financial services to the previously under-serviced market. However, we realised that continued successful growth required the implementation of credit scoring. We worked with PIC Solutions to implement application scorecards and have now selected PIC`s scoring and modelling team to develop custom behaviour scorecards, which we will use to optimise our risk assessment processes. We have enjoyed a long and successful relationship with the PIC scoring, consulting and software teams and look forward to the benefits that accrue from the introduction of scoring across the entire customer lifecycle."
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PIC Solutions is a specialist consultancy, 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 and Africa region, PIC Solutions is the largest customer management solutions company based in the Southern Hemisphere.
Our ongoing commitment is to enable clients to transform risk into revenue.
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