PR - PIC Opens Office in Kenya to Support East African Expansion

PIC Solutions, the largest specialist credit risk management consultancy in the Africa Middle East (AME) region, has opened an office in Nairobi, in order to support its increased operations in the East Africa region.

The Nairobi office is PIC Solution’s fifth in the AME region, underlining the company’s commitment to East Africa and the six major banking clients that are already there. The East Africa operation is headed up by Peter Mwaniki, who brings with him an enormous amount of experience in developing markets in both East and West Africa.

The current boom in consumer credit in the region has resulted in increased competition between the banks and an increased demand for advanced credit risk management products and services that are available in other parts of the African continent. PIC Solutions delivers consulting products and services across the entire spectrum of the credit life cycle and throughout the whole of the Africa and Middle East region.

Peter Mwaniki, Business Development Manager for the East Africa region comments, “The rapid growth of retail lending by banks in East Africa, coupled with the increased demand for credit cards and the impending licensing of credit bureaux in Kenya represent an opportunity for PIC Solutions to partner with the finance industry in the region. By offering solutions which minimise credit risk and maximise market share, we can offer clients a win-win situation. Having a local presence will enable us build new relationships, strengthen existing ones and provide faster responses to the needs of our clients.”

PIC Solutions also announced they will be showcasing leading-edge credit risk solutions at the Middle East Financial Technology Exhibition and Conference (MEFTEC), on 11-12 February.

Held under the auspices of the Central Bank of Bahrain, MEFTEC is the premier financial technology event for the Middle East, Africa and South Asia (MEASA) region. Delegates attend by invitation only. All invitees are designated VIP status and enjoy complimentary admission to the event. The exhibitors are carefully vetted too, exhibitor opportunities are limited to the financial industry’s finest IT buyers, and exhibitor attendance is only extended to an elite band of leading-edge financial technology vendors.