Standard Bank contracts with PIC Solutions for credit risk consulting services

Source: PIC Solutions

Standard Bank, one of Africa's leading banking groups, has signed a RiskMentor credit risk management consulting contract with PIC Solutions.

Standard Bank offers a full range of banking products to both corporate and consumer clients and is committed to implementing 'leading edge' technology and principles across all areas of the Bank in order to maximise profitability.

This RiskMentor contract will ensure that Standard Bank has access to professional resources from any area of PIC Solutions expertise. This includes credit risk management consulting, analytics, project management and software services. The RiskMentor service is on a retainer-basis and ensures maximum productivity, combined with fixed monthly budgeting.

Neville Robertson, Director Retail Credit at The Standard Bank of South Africa has indicated that, "The RiskMentor contract offers us superior flexibility in achieving our objectives of increasing data-driven decision-making throughout the Bank and simultaneously improving our profitability. We are pleased to be working with PIC Solutions through this RiskMentor relationship as it provides us with alternative means of obtaining analytical consulting expertise, whenever it is required."

Dave Lewis, Director of Consulting Solutions at PIC Solutions adds, "Through this RiskMentor contract PIC Solutions consultants will assist Standard Bank with new projects. We are delighted that Standard Bank has recognised the credit risk management skills that PIC Solutions offers to the banking industry and we look forward to working with them on an ongoing, proactive basis."

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