Riyad Bank selects PIC Solutions for Credit Academy training

PIC Solutions has been selected by Riyad Bank to deliver an intensive programme of Credit Academy training seminars for the bank`s personnel.

Riyad Bank, based in Riyadh, Saudi Arabia, is one of the largest banks in the Middle East and provides a full range of consumer credit products to its clientele. The bank is at the forefront of credit risk management technology and has utilised sophisticated applications processing and account management software and scoring for a number of years.

PIC Solutions launched The Credit Academy in 2003 and this specialist training programme includes a series of six credit risk management seminars, ranging from one to three days. The seminars can be delivered at the PIC Solutions training facilities in SA or clients can elect to have the training delivered onsite.

Riyad Bank has selected a customised solution for training its personnel, which will be delivered at the bank`s premises. As well as the seminar presentations, the delegates will be exposed to a series of case studies and exercises, based on international best practices. Through this interactive approach, the attendees will be able to return to their work environment with a full understanding of materials covered in the seminars.

Andrew Goodrich, Consumer Credit Risk Manager at Riyad Bank, states: "Riyad Bank has invested significantly in credit risk management software, systems and scorecards, which have resulted in superior levels of customer service and decisions for our customers. It now makes sense to implement this bank-wide programme, which will cross-train our personnel and increase their consumer credit and risk expertise. Riyad Bank selected PIC Solutions to deliver the Credit Academy training programme as they have a track record of successfully completing assignments for us and we are confident that based on their Middle East expertise, this initiative will be a great success."

Stephen Leonard, Managing Director of PIC Solutions, adds: "The Credit Academy seminars were established in response to client requests for a flexible programme of consumer credit risk management training. Our personnel have a wealth of experience of delivering practical training solutions all over the world and we are delighted that Riyad Bank has joined a number of organisations in the EMEA region that have now signed-up for onsite Credit Academy seminars."

This assignment represents a significant investment by Riyad Bank in the training and development of its personnel. Riyad Bank is committed to the Saudisation process and the Credit Academy training programme will go a long way to developing expertise in best practice credit and risk methodologies for the bank`s professional staff.