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PIC Solutions opens Kenya office

24 January 2008  |  1734 views  |  0 Source: PIC Solutions

PIC Solutions, the largest specialist credit risk management consultancy in the Africa Middle East (AME) region, has opened an office in Nairobi, in order to support its increased operations in the East Africa region.

The Nairobi office is PIC Solution's fifth in the AME region, underlining the company's commitment to East Africa and the six major banking clients that are already there. The East Africa operation is headed up by Peter Mwaniki, who brings with him an enormous amount of experience in developing markets in both East and West Africa.

The current boom in consumer credit in the region has resulted in increased competition between the banks and an increased demand for advanced credit risk management products and services that are available in other parts of the African continent. PIC Solutions delivers consulting products and services across the entire spectrum of the credit life cycle and throughout the whole of the Africa and Middle East region.

Peter Mwaniki, Business Development Manager for the East Africa region comments, "The rapid growth of retail lending by banks in East Africa, coupled with the increased demand for credit cards and the impending licensing of credit bureaux in Kenya represent an opportunity for PIC Solutions to partner with the finance industry in the region. By offering solutions which minimise credit risk and maximise market share, we can offer clients a win-win situation. Having a local presence will enable us build new relationships, strengthen existing ones and provide faster responses to the needs of our clients."

Gray Stopforth, PIC Solutions Sales and Marketing Manager, adds, "We have been developing relationships with banks in Kenya and East Africa for the last 3 years, and in that time we have seen the demand for consumer credit increase dramatically. This has resulted in an increased demand for our specialist services and technology solutions. Based on our successful track record in the region and the booming economy, we have decided to expand our presence and open an office in Nairobi."

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