South African Finance Company to Implement PIC Solutions Scorecards

Released on = June 14, 2007, 12:08 am

Press Release Author = PIC Solutions

Industry = Financial

Press Release Summary = Cape Town, 14 June 2007 - Bruma Finance, a financial
services organisation specialising in micro lending, has selected PIC Solutions to
develop application scorecards for their personal loans portfolio.

Press Release Body = 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."

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

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