PR – PIC Launchs Credit Bureau Score Consulting Service in Middle East

 
PIC Solutions, the largest credit risk management consultancy in the Middle East Africa region, launched their credit bureau score consulting service in Bahrain in order to make lenders increase the effectiveness of their bureau scores.

The credit bureau score is a reliable tool as it is based on past payment history which is highly predictive of customers’ future payment performance, in that it rank-orders applicants effectively, and thus improve lenders’ decision-making throughout the credit lifecycle. Earlier this year, the Benefit Company became the first Credit Bureau in the Middle East to implement its own score, CrediScore, based on Global FICO score from Fair Isaac. This in turn has grown the demand for credit bureau consulting services significantly in Bahrain, and PIC Solutions, having opened a new office in Manama, their second presence in the Middle East, is perfectly positioned to deliver locally based support to clients.