RCS Personal Finance Selects PIC Solutions for Scoring Solution
Released on = August 14, 2006, 10:09 pm
Press Release Author = PIC Solutions
Industry = Financial
Press Release Summary = Cape Town, 15 August 2006 - RCS Personal Finance (RCS) selected PIC Solutions to develop a mailing scorecard for their personal loans portfolio.
Press Release Body = Cape Town, 15 August 2006 - RCS Personal Finance (RCS) selected PIC Solutions to develop a mailing scorecard for their personal loans portfolio.
RCS, a member of the Foschini Group, is a financial services company that provides personal loans to pre-qualified clients. The company's key focus is to provide innovative product offerings to an ever-changing South African market.
PIC Solutions will develop a turnkey risk model which will assist RCS in their quest to improve their mailing selection. During this analytical project, the PIC Solutions predictive modelling team will work closely with the risk management team from RCS to ensure that the new risk model generates significantly improved results.
Rory Kew, Risk and Analytics Executive at RCS, states, "We chose to work with PIC Solutions as they offer innovative credit scoring solutions designed to suit the dynamics of the South African credit industry. We look forward to utilising the new risk scorecard to improve our credit decisioning process and effectively grow our loans portfolio."
Eva Neves, Senior Consultant at PIC Solutions, adds, "PIC Solutions has a firm understanding of the challenges facing RCS. Our scoring solutions are designed to enhance the quality of the credit evaluation process and we look forward to working with RCS on this assignment. The risk model will be designed with the aid of Standard Batch Characteristics and will provide RCS with the ability to enhance their mailing campaigns."
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.
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