FNB Signs CredITMentor Contract with PIC Solutions

Cape Town, 1 February 2005 – First National Bank has signed a CredITMentor contract with PIC Solutions.

Through this contract, PIC Solutions will provide credit systems software development and support for First National Bank’s range of private label portfolios.

First National Bank (FNB) is the oldest bank in South Africa and traces its origins back to the Eastern Province Bank which was formed in Grahamstown in 1838. Today, FNB trades as a division of FirstRand Bank Limited and provides a full range of consumer credit products to its clientele.

This CredITMentor contract offers the skills of experienced PIC ICT software consultants to FNB for new business initiatives that require ICT development or project management. The flexibility of this CredITMentor contract will ensure that FNB can achieve their objectives and increase profitability.

Mike Crawley, Director of Software Services at PIC Solutions, adds, “We are delighted that FNB has expanded their software support relationship with PIC Solutions. Through a CredITMentor contract, FNB has the flexibility to select the use of our ICT experts, when and where they are most required. This allows for the optimum allocation of specialist PIC Solutions resources for their Vision21 account processing system.”