The South African National Credit Act (NCA) has created numerous challenges for the credit industry and scorecards have become a vital tool for credit grantors wanting to enhance their decisioning processes and meet the requirements of the Act. Bruma Finance is rapidly expanding and these application scorecards are designed to enhance their application processes and assist them as they implement new policies and procedures to meet the requirements set out by the Act.

During this analytical project, members of the PIC Solutions predictive modelling team will work closely with Bruma Finance's risk management personnel to ensure the successful implementation of the new application scorecards.

Ilan Bernstein, Managing Director of Bruma Finance, comments, "We chose to work with PIC Solutions as they offer innovative credit scoring solutions that adapt to the changing dynamics of the South African market. Our client base has been impacted by the NCA and these application scorecards will ensure that we continue to grow our business and optimise new opportunities created by the Act."

Eva Neves, Predictive Department Head at PIC Solutions, comments, "PIC Solutions has extensive experience in developing scoring solutions that improve business decisions and we look forward to working with Bruma Finance on this assignment. We have a long and successful trade record of working with micro finance organisations across Africa and have an in-depth understanding of this niche form of credit granting. These application scorecards are designed to enhance the quality of Bruma's credit evaluation process and will provide significant business benefits.