PIC Solutions has entered into an alliance with the ai Corporation, which has been developing and refining the RiskNet suite of fraud prevention and management systems since 1993. Based in the UK, the ai Corporation has over 25 fraud systems in operation across 15 countries in Europe, Middle East and Africa.
This exciting alliance and the RiskNet suite of products will be officially launched at the SAFPS Conference in Gauteng on 17 October, where PIC personnel and international experts from the ai Corporation will be available for consultations.
Dave Lewis, Director at PIC Solutions, states: "We believe that anti-fraud initiatives are crucial for the South African credit industry. In our estimation the RiskNet systems are the best combination of proven technology, ease of implementation and value for money. RiskNet is the only fraud detection system that meets the Visa compliance regulations for both issuers and acquirers. In fact, Visa is a major user of the system themselves."
Martin Bate, Director of Business Development for the ai Corporation, adds: "We chose to partner with PIC as they have an unmatched reputation for providing practical risk management consulting, analytics and credit systems solutions to clients in Africa, the Middle East and Europe. This added-value consulting and ICT support will create a winning formula when combined with the RiskNet fraud products."
Stephen Leonard, Managing Director of PIC Solutions, states: "This alliance between PIC Solutions and the ai Corporation offers South African credit grantors access to state of the art fraud prevention and management tools that are supported locally. PIC will be responsible for sales, implementations, consulting and support for the African market and the ai Corporation will continue to provide new and enhanced software modules and customisation to ensure that RiskNet remains at the leading-edge of anti-fraud technology."
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The ai Corporation (www.aicorp.co.uk) is an independent software company providing state of the art risk management systems and consultancy to financial institutions. The core products are the RiskNet Acquirer System and the RiskNet Issuer System, which enable existing customers to detect up to 90% of fraudulent transactions. In many cases existing customers have recouped their investment in a matter of months. The systems meet all published international payment system regulations and the ai Corporation is Visa International`s preferred risk management software supplier for the CEMEA region.
PIC Solutions
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 200 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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