PIC Solutions Co-Authors Credit Scoring Book

Cape Town, 2 September 2004 - PIC Solutions has once again joined forces with Windsor CME to co-author and sponsor a new Credit Scoring book.

Windsor CME is a management consultancy that specialises in innovative solutions for the consumer credit industry.  The first edition of the Credit Scoring book received a tremendous response from the credit community and PIC Solutions is delighted to be selected as the official co-author of this second edition.

This book covers the latest trends in credit scoring techniques and technologies, offering the reader a new perspective on practical credit scoring. “Credit Scoring: The Principles and Practicalities” emphasises how scorecards can be implemented successfully using best practices and focuses on the basic principles that are important in developing scorecards.

Additional chapters focus on the more advanced issues surrounding scoring, including in-house scorecard development and problem solving strategies. Practical examples throughout the book will ensure that readers gain a greater insight into how scorecards work. The book, “Credit Scoring: The Principles and Practicalities” is now available and can be ordered through the Windsor CME website www.windsorcme.co.uk.

Murray Bailey, Managing Director of Windsor Consulting, comments, “We were delighted by the response we received for the first Credit Scoring book. The credit industry is constantly changing and we needed to publish a book that covered all aspects of credit scoring. This Credit Scoring book is required reading for anyone in credit. It builds a foundation in the basic principles of credit scoring and also emphasises the practical issues associated with scorecards. We enjoyed working with PIC Solutions on this project and we look forward to writing the next book with them on “Consumer Credit Quality: Underwriting, Scoring, Fraud Prevention and Collections”.”

Stephen Leonard, Managing Director at PIC Solutions, adds,” PIC Solutions is excited to be the lead-contributor and sponsor of this landmark risk management publication. This book not only focuses on practical issues impacting scorecards but also covers the basic principles that are important for developing a scorecard. The PIC team enjoyed being involved in the Credit Scoring book and contributing to the credit community and we look forward to the future success it will bring to members of the credit industry.”