Cape Town, South Africa ? Absa Bank, one of Africa?s largest financial services institutions, has signed an expanded TRIAD™ adaptive control system consulting contract to increase the level of strategic credit risk management support from PIC Solutions.
TRIAD, from Fair Isaac Corporation, is the world?s leading account management system, providing sophisticated risk management and credit marketing functionality to credit grantors, telecoms and utilities.
Absa is a long time user of the TRIAD system and has expanded its strategy consulting contract to ensure a continuous improvement in the credit and risk management of their portfolio of accounts. Absa and PIC Solutions have co-presented a case study at Fair Isaac InterACT 2004 Prague and Fair Isaac InterACT 2004 Miami, providing attendees with insight into their sophisticated leveraging of the TRIAD system.
Tjaart van der Walt General Manager Group Credit at Absa, states, “We look forward to expanding our consulting relationship with Fair Isaac and PIC Solutions. They have provided us with on-going expertise through their consulting services to ensure that we utilise TRIAD effectively. The TRIAD solution has contributed to the improved efficiencies of our credit limit management, collections processes and marketing strategies and through this contract we can ensure that we continue to make successful credit decisions.”
Dave Lewis, Director at PIC Solutions, adds, “This expanded consulting contract offers Absa the flexibility of using PIC strategy consultants for both customer and portfolio level strategies in order to develop and implement leading edge credit risk and marketing strategies on an ongoing basis.”
