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Standard Bank expands PIC Solutions consulting relationship

Johannesburg, 28 Jan 2004

Standard Bank, one of Africa`s leading banking groups, has signed an enhanced RiskMentor consulting contract with PIC Solutions.

Through this ongoing RiskMentor consulting contract, Standard Bank has committed to a level of consulting hours, which can then be used for consulting support when it is most needed over the next 12 months.

The RiskMentor contract ensures that resources can be used from any area of PIC expertise, including credit risk management consulting, analytics and scorecard development, project management and software services. This ensures maximum productivity, combined with fixed monthly budgeting.

Neville Robertson, Director of Retail Credit at Standard Bank, comments: "The South African banking environment is constantly changing and we are searching for effective ways to enhance our levels of customer service and improve our credit/processes and policies. Through this RiskMentor contract, PIC Solutions offers us a flexible means of obtaining consulting expertise, which can be used as and when we need it."

Dave Lewis, Director at PIC Solutions, adds: "We are delighted that Standard Bank has decided to expand their RiskMentor consulting contract with us. Our specialised resources ensure ongoing credit and risk management consulting support for the Bank`s wide range of consumer credit portfolios and we look forward to continuing our consulting relationship."

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PIC Solutions provides customer management solutions to a wide range of blue-chip organisations. We are experts in the fields of credit, risk and marketing and have an established track record of success powered by solutions.

Our ongoing commitment is to enable clients to optimise the credit lifecycle of your business.

Editorial contacts

Frans Labuschagne
PIC Solutions
(011) 759 0300
Info@PICSolutions.com