Released on: November 26, 2007, 10:55 pm

Press Release Author: PIC Solutions

Industry: Financial

Press Release Summary: Dubai, 27 November 2007 - PIC Solutions, the largest credit
risk management consultancy in the Middle East Africa region has opened an office in
Bahrain, their second presence in the Arabian Gulf.

Press Release Body: As one of the fastest growing financial centres in the Middle
East, the demand for locally based credit risk management consulting expertise and
software solutions has increased significantly in Bahrain. This prompted PIC
Solutions to open the new office in Manama, which is more accessible to the
ever-growing client base in the region.

PIC Solutions offers consulting services across the entire spectrum of the credit
life cycle, and provides extensive consulting experience and an in-depth
understanding of local and international best practices to optimise the Bahrain
bank's credit risk management operations.

These services range from credit bureau score consulting, predictive modelling, and
the popular HealthCheck service, where PIC consultants are contracted to focus on
optimising clients' lending operations and deliver practical solutions with a focus
on delivering measurable benefits to clients. PIC Solutions experts also deliver
seminars to credit risk professionals all over the world, which have also become
popular in the Middle East region.

Ian Read, PIC Solutions General Manager for the Middle East region, comments, "We
will continue to invest and expand in the Middle East to meet client demand. Along
with the existing PIC Solutions office in Dubai Internet City, our new office in the
National Bank Tower in Bahrain is just another indication of our commitment to
providing leading edge credit risk solutions to our clients. We approach every
assignment with clients not on a project basis, but as a long-term relationship, and
this ethos is mirrored in how we approach the region."

Stephen J. Leonard, Managing Director of PIC Solutions, adds, "We have been highly
successful in expanding our presence in the Middle East region and the Bahrain
office will be conveniently located for clients utilising our consulting expertise
and solutions. This new office will ensure that we continue to provide complete
solutions and best practice advice as needed. Our Middle East clients will certainly
benefit from our locally based support and our goal is to deliver services that will
allow them to become more competitive and increase their profitability."


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.

PIC Solutions is the Fair Isaac alliance partner for the Middle East Africa 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 life cycle.

Editorial Contact:
Ian Read
General Manager
P.O. Box 502390, Dubai, UAE
Tel: +971 (0)4 369-7624
Fax: +971 (0)4 369-7623
Cell: +971 50 946-8370
Email: IRead@PICSolutions.com
Web: www.PICSolutions.com


Web Site: http://www.PICSolutions.com

Contact Details: Ian Read
General Manager
Dubai Internet City
P.O. Box 502390, Dubai, UAE
Tel: +971 (0)4 369-7624
Fax: +971 (0)4 369-7623
Cell: +971 50 946-8370
Email: IRead@PICSolutions.com
Web: www.PICSolutions.com