PIC Launch Credit Bureau Score Consulting Service in Middle East

Released on: February 12, 2008, 9:47 pm

Press Release Author: PIC Solutions

Industry: Financial

Press Release Summary: Dubai, 13 February 2008 - PIC Solutions, the largest credit
risk management consultancy in the Middle East Africa region, launched their credit
bureau score consulting service in Bahrain in order to make lenders increase the
effectiveness of their bureau scores.

Press Release Body: The credit bureau score is a reliable tool as it is based on
past payment history which is highly predictive of customers' future payment
performance, in that it rank-orders applicants effectively, and thus improve
lenders' decision-making throughout the credit lifecycle. Earlier this year, the
Benefit Company became the first Credit Bureau in the Middle East to implement its
own score, CrediScore, based on Global FICO score from Fair Isaac. This in turn has
grown the demand for credit bureau consulting services significantly in Bahrain, and
PIC Solutions, having opened a new office in Manama, their second presence in the
Middle East, is perfectly positioned to deliver locally based support to clients.

When used in conjunction with expert consulting from PIC Solutions, the bureau score
becomes more powerful still, as PIC Solutions experts have vast experience in the
analysis of credit bureau scores, data management, the technology used to streamline
the process of using the credit bureau score and the development of risk score
cards. PIC Solutions is familiar with the practical aspects of integrating the
credit bureau score in banks, and deliver best practice solutions to the complex
questions associated with developing strategies in using the score.

Ian Read, General Manager for the Middle East region at PIC Solutions, comments,
"The significant growth of our client list is connected to the dynamics affecting
the Middle East market that has led to robust growth opportunities for the credit
industry. We are pleased that we could assist The Benefit Company with the launch of
CrediScore, and also that we can be of service to the banking industry in Bahrain in
consulting them in how to optimise their use of the score so they can gain the full
benefits from it."

Stephen J. Leonard, Managing Director of PIC Solutions, said, "Our commitment to the
Middle East is visible not just through the establishment of a second office in the
Middle East which we did last month in Bahrain; it is visible in the success of our
clients. PIC Solutions is entirely focused on the delivery of solutions that
translate into profit for clients and the best way to do that is by optimising their
use of the scores that they will receive from The Benefit Company. We are, as
always, committed to strengthen our presence in the region based on providing credit
risk solutions that translate into measurable benefits to our clients."

About PIC Solutions
PIC Solutions is the leading specialist credit risk solutions company in the EMEA
region. We deliver integrated analytics, consulting and software solutions to over
150 companies in 25+ countries. Our services are used by organisations worldwide to
raise their performance, drive their strategies and enhance their profitability.
Analytics | Consulting | Software | Training
PIC Solutions is the Fair Isaac alliance partner for the Middle East Africa region
and from offices in Cape Town, Dubai, Johannesburg, Manama and Nairobi, we provide
all sales, initial and ongoing support for the entire suite of Fair Isaac products
and services. This includes consulting, professional services, project management,
software support and ongoing maintenance.

Cape Town | Dubai | Johannesburg | Manama | Nairobi www.PICSolutions.com
Editorial Contact:
Ian Read
General Manager
Tel: +971 (0)4 369 7624
Fax: +971 (0)4 369 7623
Email: IRead@PICSolutions.com
Web: www.PICSolutions.com

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

Contact Details: PIC Solutions
Birkdale I
River Park
Liesbeek Parkway
Tel: +27 (0)21 680-6000
Fax: +27 (0)21 680-6003
Email: Info@PICSolutions.com

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