Saudi Arabian Company Implements Global FICO(r) Score
Released on = June 26, 2007, 12:09 am
Press Release Author = PIC Solutions
Industry = Financial
Press Release Summary = Dubai, 26 June 2007 - Al Yusr Installment Company, a vehicle finance organisation based in Riyadh, Saudi Arabia, has selected PIC Solutions to implement Global FICOŽ Score.
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 bureaux and across national borders, Global FICO Score has become the global standard for consumer credit risk assessment. The Fair Isaac technology underlying the Global FICO Scoring model enables quick deployment in any country with robust credit bureaux data.
In addition, the Global FICO Scores are complementary to custom application and behaviour models, and can be used alongside internal scores at all stages in the credit lifecycle to improve decisions throughout the lending process, from marketing and account origination to full portfolio management.
As Fair Isaac's partner for the Middle East and Africa region, PIC Solutions is dedicated to providing complete credit risk management solutions to clients in the region. During this assignment, PIC's experienced Middle East consultants will work closely with Al Yusr Installment Company to ensure the successful implementation of Global FICO Score.
Homam Hashem, Credit Cycle Manager at Al Yusr Installment Company, comments, "Through Global FICO Score we gain a clearer understanding of our client's credit risk and tailor our offerings to suit their different profiles. We selected PIC Solutions for their understanding of our ever-changing industry and we look forward to using this scoring solution to enhance our decision making process."
Stephen Leonard, Managing Director of PIC Solutions, adds, "Global FICO Score provides a highly predictive and consistent risk score to credit grantors wanting to evaluate consumer risk, streamline decision processes and increase profitability. By effectively using the predictive power of credit bureaux data, Al Yusr Installment Company can gain new opportunities for expansion while still controlling and monitoring their risk."
About Fair Isaac Fair Isaac Corporation (NYSE:FIC) combines trusted advice, world-class analytics and innovative applications to help businesses make smarter decisions. Fair Isaac's solutions and technologies for Enterprise Decision Management turn strategy into action and elevate business performance by giving organizations the power to automate more decisions, improve the quality of their decisions, and connect decisions across their business. Clients in 80 countries work with Fair Isaac to increase customer loyalty and profitability, cut fraud losses, manage credit risk, meet regulatory and competitive demands, and rapidly build market share. Learn more about Fair Isaac 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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