Standard Bank, one of Africa`s leading banking groups, has selected the world`s leading account management system, Fair Isaac Corporation`s TRIAD adaptive control system, to replace the bank`s existing credit cards risk management software.
TRIAD has become the global-standard account strategy solution for consumer credit grantors. It provides sophisticated risk management functionality, including modules for behaviour scoring, Champion-Challenger strategy testing, and authorisations, credit limit and delinquent collections management.
TRIAD is designed to leverage data, analytics and business expertise and will offer Standard Bank the flexibility and predictive power needed to meet the ever-increasing demands of the challenging South African banking environment. A team of PIC Solutions consultants will assist with the design, implementation and ongoing management of TRIAD in the Standard Bank Card Division, ensuring that the bank remains at the leading-edge of credit card risk management technology.
Douglas Walker, Director of Card Credit at Standard Bank, states: "We have enjoyed a close working relationship with PIC Solutions for a number of years and we are excited about the benefits that TRIAD will bring to our Card Division. This world-class risk management technology will ensure our credit card strategies and policies will now effectively give us a competitive-edge in our increasingly competitive marketplace."
Stephen Leonard, Managing Director of PIC Solutions, adds: "TRIAD is the global standard for account management solutions and is used to control over 75% of the world`s credit cards. We look forward to working closely with Standard Bank to ensure TRIAD delivers the same benefits as it has at over 150 credit card issuers all over the world. The PIC Solutions TRIAD team consults with 11 TRIAD clients in SA and has delivered over 50 assignments internationally."
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Fair Isaac Corporation (NYSE: FIC) is the pre-eminent provider of creative analytics that unlock value for people, businesses and industries. The company`s predictive modelling, decision analysis, intelligence management, decision management systems and consulting services power billions of mission-critical customer decisions a year. Founded in 1956, Fair Isaac helps thousands of companies in over 60 countries acquire customers more efficiently, increase customer value, reduce fraud and credit losses, lower operating expenses and enter new markets more profitably. Most leading banks and credit card issuers rely on Fair Isaac solutions, as do insurers, retailers, telecommunications providers, healthcare organisations and government agencies. For more information, visit www.fairisaac.com.
PIC Solutions
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.
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