CBD is a public joint stock company that offers retail and commercial banking services to a growing clientele in Dubai. The CBD mission is to be recognised as a quality focused, customer driven, financially sound and socially responsible bank. The bank is in the final stages of implementing their reinvigorated strategy to improve their corporate and retail customer service, as well as to achieve operational excellence.

In light of that objective, CBD has committed to improving their risk management policies and selected PIC Solutions for their expertise in scorecard development. During this analytical project, members of the PIC Solutions predictive modelling team will provide extensive consulting services to ensure the successful implementation of the new application scorecards.

Jamal Saleh, Head of Risk Management at Commercial Bank of Dubai, comments, "PIC Solutions is well known in the industry for their credit scoring solutions and extensive Middle East experience. Meeting our objectives and improving our customer service is an important target for CBD and we are focused on enhancing our business processes and policies. CBD has a number of initiatives planned to maximise the efficiency and value of our credit card and loan portfolios and we plan to use these new application scorecards to enhance our credit decisioning process and minimise our business risk."

Ian Read, General Manager of the Middle East region at PIC Solutions, adds, "More organisations are realising the importance of implementing accurate credit scoring solutions to improve their application decisions and reduce their credit risk exposure. These application scorecards are designed to streamline CBD's decisions by accurately assessing their credit applications. Our experienced analytical team has developed numerous scorecards for the Middle East market and will ensure that the new scorecards provide significant business benefits for CBD."