Vodacom selects PIC for credit scoring solutions

Vodacom Service Provider Company, SA`s largest cellular telephone service, has signed a contract with PIC Solutions, to re-develop its application credit risk scorecards.

In this turnkey scorecard development project, members of the PIC Solutions Scoring and Modelling team will develop new scorecards and then work closely with the Vodacom risk management team to implement monitoring procedures that will ensure the new models are effectively utilised.

This project follows a RiskMentor consulting contract that was signed earlier in the year with PIC Solutions. Under a RiskMentor contract, resources can be used from any area of PIC expertise, including credit risk management consulting, analytics, scorecard and model development, project management and software services.

Robert Burger, Credit Risk Manager at Vodacom Service Provider Company, states: "The current relationship has been extended to include the re-development of Vodacom`s applications scorecard. We have been using risk-scoring technology for a number of years and are pleased to work with PIC Solutions as value-added partner. We are looking forward to working on joint initiatives together, with a skills transfer and added additional value to our business."

Bayan Dekker, Director at PIC Solutions, adds: "We are pleased that Vodacom Service Provider Company has expanded the RiskMentor relationship to include the re-development of their application scorecards. PIC Solutions has significant credit risk management and scoring expertise which is essential for the cellular telephone industry and we look forward to working with Vodacom on an ongoing basis."