Cape Town, 9 November
2004 – Standard Bank, one of
Africa’s leading banking groups, has signed a RiskMentor
credit risk management consulting contract with PIC
Solutions.
Standard Bank offers a
full range of banking products to both corporate and consumer
clients and is committed to implementing ‘leading edge’
technology and principles across all areas of the Bank in order
to maximise profitability.
This RiskMentor
contract will ensure that Standard Bank has access to
professional resources from any area of PIC Solutions expertise.
This includes credit risk management consulting, analytics,
project management and software services. The RiskMentor
service is on a retainer-basis and ensures maximum productivity,
combined with fixed monthly budgeting.
Neville Robertson, Director Retail Credit at
The Standard Bank of South Africa has indicated that,
“The RiskMentor
contract offers us superior flexibility in achieving our
objectives of increasing data-driven decision-making throughout
the Bank and simultaneously improving our profitability. We are
pleased to be working with PIC Solutions through this RiskMentor
relationship as it provides us with alternative means of
obtaining analytical consulting expertise, whenever it is
required.”
Dave Lewis, Director at
PIC Solutions adds, “Through this RiskMentor
contract PIC Solutions consultants will assist Standard
Bank with new projects. We are delighted that Standard Bank has
recognised the credit risk management skills that PIC Solutions
offers to the banking industry and we look forward to working
with them on an ongoing, proactive basis.”
