PIC Solutions Wins Retail Job, Plans Edinburgh Talk

South Africa-based credit risk manager PIC Solutions reported today it had been chosen to redevelop the credit application scorecards for Edcon, a fashion retailer with 946 stores in South Africa and four other countries in Southern Africa. Edcon operates 10 retail brands. International consultant and investor Bain Capital bid $3.5 billion for Edcon in February. Shareholders approved the deal which awaits regulatory approval.

PIC Solutions is a partner for Africa and the Middle East with Fair Isaac Corp., the international provider of consumer information risk management software.

PIC also recently announced it would be presenting two papers at the bi-annual Credit Scoring & Credit Control conference to be held August 29 to 31 in Edinburgh, Scotland. The presentations cover Middle East Skip Scorecards and Making Affordability Models Work for You and Middle East Skip Scorecards. The conference is hosted by the Credit Research Centre at the University of Edinburgh.