Press Release Summary = Dubai, 22 May 2007 - The Benefit Company of Bahrain has implemented Global FICOŽ Score to enhance the decision making process of credit grantors across the entire credit lifecycle.
Press Release Body = Fair Isaac Corporation's Global FICO Score rank-orders consumers according to their credit risk. Designed to be consistently scaled across credit bureaus and across national borders, Global FICO Score has established the global standard for consumer credit risk assessment. The Fair Isaac technology underlying the Global FICO scoring model enables quick deployment in any country that has robust credit bureau data.
As the Credit Reference Bureau of Bahrain, The Benefit Company provides extensive credit information to the lending community of Bahrain. Implemented for the first time in the GCC Region by a Middle East credit bureau, Global FICO Score complements the current decision-support technology of The Benefit Company. The bureau can now provide a highly predictive and consistent risk score to credit grantors wanting to evaluate consumer risk, streamline decision processes and increase profitability.
PIC Solutions is the Fair Isaac alliance partner for the Middle East Africa region. During this assignment, PIC's experienced consultants will work closely with The Benefit Company to ensure the successful implementation of Global FICO Score.
Robin Watson, Assistant General Manager of The Benefit Company, comments, "We are excited about using Global FICO Score to provide a highly predictive risk assessment to our clients. By using Global FICO Score, lenders throughout Bahrain can sharpen their evaluation of consumer risk, speed up decision processes and improve their bottom line results. PIC Solutions is recognised in the Middle East market as leaders in providing leading edge credit risk solutions and we look forward to working with them on this assignment."
Ian Read, General Manager of the Middle East region at PIC Solutions, adds, "Global FICO Score increases the predictive power of credit bureau data and ensures credit grantors have a more consistent and effective evaluation of their clients credit profile. We are pleased to be involved with implementing the first Global FICO Score for a Middle East credit bureau. Our experienced consultants have extensive credit bureau experience and their understanding of the dynamics impacting the Middle East market will ensure that The Benefit Company experiences the full benefits of this scoring solution."
About Fair Isaac Fair Isaac Corporation (NYSE:FIC) makes decisions smarter. The company's solutions and technologies for Enterprise Decision Management give businesses the power to automate more processes, and apply more intelligence to every customer interaction. Through increasing the precision, consistency and agility of their decisions, Fair Isaac clients worldwide increase sales, build customer value, cut fraud losses, manage credit risk, reduce operational costs, meet changing compliance demands and enter new markets more profitably. Founded in 1956, Fair Isaac powers hundreds of billions of decisions per year in financial services, insurance, telecommunications, retail, consumer branded goods, healthcare and the public sector. Visit Fair Isaac online at www.FairIsaac.com.
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.
PIC Solutions is the Fair Isaac alliance partner for the Middle East Africa region and from offices in Cape Town, Dubai and Johannesburg, provides all sales and support for the entire suite of Fair Isaac products and services. This includes consulting, project management, integration services, first line software support and ongoing maintenance.
Our ongoing commitment is to enable clients to optimise the credit life cycle.
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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