Released on = April 19, 2007, 12:35 am

Press Release Author = PIC Solutions

Industry = Financial

Press Release Summary = Cape Town, 19 April 2007 - PIC Solutions, the leading
specialist credit risk management consultancy in the Africa and Middle East region,
has launched a new scorecard development service.


Press Release Body = The National Credit Act is changing the face of the South
African credit industry and organisations that are using traditional models and
tools for credit granting are realising the limitations of their scoring solutions.
The Application Scorecard Development Service offers a robust scorecard solution
designed to keep organisation's applications processes apace with new regulations
and changing market conditions.

The Application Scorecard Development Service provides organisations with the
opportunity to develop three application scorecards over a period of three years. By
regularly updating their scorecards organisations substantially improve their risk
management ability. Organisations will benefit from the extensive knowledge and
experience of PIC Solutions' predictive modelling team by implementing a scoring
solution that will be:

 Consistently refurbished and re-developed
 Quickly modified to comply with changes in government regulations
 Maintained as up-to-date to ensure the highest predictive control available
is used within the decision making process, enabling the most accurate reporting to
be performed

Eva Neves, Department Head of Modelling at PIC Solutions, comments, "Credit
organisations are realising the importance of using automated predictive modelling
solutions to comply with the requirements of the National Credit Act. The
Application Scorecard Development Service provides organisations with the
opportunity to benefit from our scoring expertise to develop new models with
extensive predictive powers. In addition, these models will be re-developed each
year to meet changing market conditions and improve competition."

Stephen Leonard, Managing Director of PIC Solutions, adds, "PIC Solutions is
committed to providing unique solutions to meet the ever-changing needs of our
clients. We understand the importance of implementing scorecards that not only
comply with new regulations but also meet business objectives. This Application
Scorecard Development Service enhances the credit decisioning process and ensures
that credit grantors are using the most predictive solution to improve credit risk
policies and strategies."

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

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

Contact Details = PIC Solutions
Birkdale I
River Park
Liesbeek Parkway
Mowbray
7700
South Africa
Tel: +27 (0)21 680-6000
Fax: +27 (0)21 680-6003
Email: Info@PICSolutions.com