The International Investor Company (TII), a leading financial Kuwaiti shareholding company established in 1992, has signed a RiskMentor credit risk management consulting contract with PIC Solutions.
TII is a specialised regional financial services group operating in four main sectors; loyalty and payment solutions, consumer financial services, corporate fleet leasing and investment banking. TII intend to expand the group`s regional coverage with a prospective geographical spread covering territories from Morocco to India, and possibly extending as far as Malaysia and Indonesia in the medium term. TII is listed on the Kuwait and Bahrain Stock Exchange.
TII has established a Retail Financial Services Group which will develop a specialised retailer financial services business, financing a range of instalment card solutions. TII plans on using this RiskMentor contract to assist them with implementing effective policies and procedures which impact the credit life cycle.
Through this RiskMentor contract, TII has access to professional resources from any area of PIC Solutions expertise, including credit risk management consulting, analytics, project management and software services. The RiskMentor service is on a retainer-basis and ensures maximum productivity, combined with fixed monthly budgeting.
John Dolton, director at The International Investor Company, comments, "The flexibility of this RiskMentor contract means that we can utilise PIC`s expertise for all our business concerns. Their experienced risk consultants will work across a wide range of our business decisions to help us identify new opportunities."
Dave Lewis, director of consulting at PIC Solutions, adds, "Our consultants have extensive knowledge of the dynamics impacting the Middle East financial services industry. This RiskMentor consulting contract will provide TII with ongoing credit and risk management consulting support throughout the credit life cycle."
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