Standard Bank, one of Africa`s leading financial services institutions, has signed a TRIAD adaptive control system consulting support contract.
TRIAD, from Fair Isaac Corporation, is the world`s leading adaptive control system and is used by more than 280 portfolios worldwide to make more than 44 billion consumer and small business decisions annually.
TRIAD combines predictive analytics, decision-making software and expert strategy consulting to automate and improve credit and customer management decisions for lenders. By making the right decisions for their portfolios, credit grantors are able to increase revenue, reduce losses, improve customer service and ultimately, increase portfolio profitability and drive competitive advantage.
PIC Solutions and Fair Isaac consultants are currently implementing the TRIAD adaptive control system in Standard Bank. During this assignment strategy consultants have, and will continue to develop, effective credit risk strategies which can be applied in TRIAD.
Douglas Walker, Director of Retail Credit at Standard Bank, states: "We look forward to utilising the TRIAD functionality and flexibility to its full potential and to realise the benefits that are possible through the optimisation of our credit, risk and customer management decision strategies. We have built a strong relationship with Fair Isaac and PIC Solutions during this assignment and will continue to use their expertise to ensure that we improve on our credit decisions."
Dave Lewis, Director of Consulting at PIC Solutions, adds: "The TRIAD solution offers Standard Bank the flexibility of implementing leading-edge strategies to segment specific customer groups and treat them appropriately and effectively throughout the credit lifecycle. The PIC Solutions consultants will work closely with the Standard Bank team to develop effective acquisition, limit management, authorisation, marketing and collections strategies. These strategies will enhance the value of the credit portfolios and build more rewarding and longer term customer relationships."
Share
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/TRIAD.
PIC Solutions
PIC Solutions provides consumer finance 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.
PIC Solutions is the Fair Isaac alliance partner for the Africa Middle East region and from offices in Cape Town, Dubai and Johannesburg, provides all sales and support for the entire suite of Fair Isaac products and services. This includes consulting, project management, integration services, first line software support and ongoing maintenance.
Our ongoing commitment is to enable clients to optimise the credit lifecycle of their business. For more information, please visit www.PICSolutions.com.
Editorial contacts