Woolworths, one of Africa`s largest fashion retailers, is celebrating its 10th anniversary of implementing TRIAD adaptive control system today.
Woolworths Financial Services is the financial services division of Woolworths, a major South African home, food and clothing retailer, with more than 200 stores countrywide. Woolworths Financial Services provides credit through its flagship private label Woolworths card that allows consumers to purchase Woolworths goods and services on credit.
TRIAD adaptive control system, from Fair Isaac Corporation, is the world`s leading account and customer management system and is used by more than 280 portfolios worldwide to make more than 44 billion account and customer decisions annually. The TRIAD system combines predictive analytics, decision-making software and expert strategy consulting to automate and improve credit and customer management decisions for lenders.
Woolworths, PIC Solutions and Fair Isaac personnel will commemorate this landmark event at a TRIAD 10 years anniversary lunch in Cape Town.
Sam Ngumeni, Head of Woolworths Financial Services, comments: "Over the last 10 years, TRIAD has proven to be a remarkable system ensuring tremendous growth and improvements in our credit environment. Strategic consultants from Fair Isaac and PIC Solutions have worked closely with our team to ensure we experienced the full benefits of the TRIAD system. Today`s lunch is for everyone who helped make TRIAD such a success. "
Stephen Leonard, Managing Director of PIC Solutions, adds: "We are proud to be associated with the success of TRIAD at Woolworths and share their joy at the impressive results that they have experienced. This anniversary lunch commemorates this success and the hard work of the people involved from Woolworths, PIC Solutions and Fair Isaac and we look forward to sharing this momentous occasion with them."
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Fair Isaac Corporation (NYSE:FIC) makes decisions smarter. The company`s solutions and technologies for enterprise decision management give businesses the power to automate more processes, and apply more intelligence to every customer interaction. Through increasing the precision, consistency and agility of their decisions, Fair Isaac clients worldwide increase sales, build customer value, cut fraud losses, manage credit risk, reduce operational costs, meet changing compliance demands and enter new markets more profitably. Founded in 1956, Fair Isaac powers hundreds of billions of decisions per year in financial services, insurance, telecommunications, retail, consumer branded goods, healthcare and the public sector. Visit Fair Isaac online at www.FairIsaac.com.
PIC Solutions
PIC Solutions provides consumer credit solutions to a wide range of blue-chip organisations. We are experts in the fields of credit, risk and software and have an established track record of success powered by solutions.
PIC Solutions is the Fair Isaac alliance partner for the Africa and 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.
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