PIC Solutions Develops Credit Scoring Solution for RCS Personal Finance

July 21, 2006 (PRLEAP.COM) Business News
Cape Town, 21 July 2006 – PIC Solutions has been selected by RCS Personal Finance (RCS), a member of the Foschini Group, to develop a set of behaviour scorecards for their loans portfolio.

RCS is constantly driven to innovate and improve their product offerings to ensure they successfully enhance their market share. RCS is committed to improving their risk management policies and has contracted with PIC Solutions to develop an effective behaviour scoring solution that will improve their bottom-line results.

Behaviour scorecards support the ongoing strategic management of accounts within an organisation and provide a rank ordering of the accounts using the performance definition selected. During this turnkey analytical project, members of the PIC Solutions predictive modelling team will work closely with RCS, to ensure the successful implementation and ongoing usage of the new behaviour scorecards.

Rory Kew, Risk and Analytics Executive at RCS, states, “We look forward to implementing this scoring solution to enhance our decision strategies. PIC Solutions has extensive experience of developing analytical models for the financial services industry and we believe it will provide us with the ability to successfully manage our credit risk exposure.”

Eva Neves, Senior Consultant at PIC Solutions, adds, “Organisations are embracing new tools, techniques and strategies in order to remain competitive. This has resulted in more credit organisations using predictive modelling to optimise their customer relationships. Behaviour scoring is a key element in the customer management process. Through the behaviour scorecards, RCS can be more proactive in their product offering to customers that qualify, based on their risk and affordability potential.”

About 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.

Our ongoing commitment is to enable clients to optimise the credit life cycle.

Editorial Contact:
Sarka Svoboda
Marketing Manager
Tel: +27 (0)21 680-6010
Fax: +27 (0)21 680-6003
Email: SSvoboda@PICSolutions.com
Web: www.PICSolutions.com