PIC Solutions selected by Teba Bank for scoring solutions

PIC Solutions has been selected by Teba Bank to develop, implement and validate an application scorecard which will ensure the success of the bank`s broad product offerings to the emerging credit market.

Teba Bank is a niche credit grantor, providing affordable micro finance services to traditionally under-serviced consumers in the non-metropolitan regions of SA. The bank has an extensive distribution network, especially around the gold and platinum mines, and has built up a strong customer base by focusing on designing and offering products and services tailored to customers who have previously not had access to banking services.

In this analytical project, members of the PIC Solutions Predictive Modelling team will develop a new application scorecard and work closely with Teba Bank`s risk management team to ensure that the implementation of the new risk model will generate significantly improved results and bottom line business benefits.

Thozama Doni, General Manager of Products at Teba Bank, states: "Teba Bank is committed to providing appropriate, affordable and quality micro finance services. We look forward to the opportunity of working with PIC Solutions and hope to expand our target market and enhance our business development with the new scorecard."

Bayan Dekker, Director of Predictive Modelling at PIC Solutions, adds: "We are delighted to work on this scoring assignment with Teba Bank. PIC Solutions has set the benchmark for scorecard developments and providing value-add risk management consulting and we look forward to working with Teba Bank on an ongoing basis, to ensure that the new scorecard provides significant business benefits."