Saudi Hollandi Bank Selects PIC Solutions for Scoring Solutions

Cape Town, 19 April 2005 – PIC Solutions has been selected by Saudi Hollandi Bank to develop expert application scorecards for the Bank’s credit card and consumer loan portfolios.

Saudi Hollandi Bank, based in Riyadh, was the first bank in the Kingdom of Saudi Arabia. They offer a wide-range of banking products backed by advanced technological systems, for maximum accuracy and efficiency, and an enhanced customer and information service.

In this analytical project, members of the PIC Solutions Predictive Modelling team will develop new expert application scorecards and work closely with Saudi Hollandi Bank’s risk management team. This will ensure that the implementation of the new risk models will generate significantly improved results and bottom-line business benefits.

Yasser Nazeer, Consumer Credit and Risk Head at Saudi Hollandi Bank, states that, “Saudi Hollandi Bank is committed to improving the overall profitability of the organisation through effective risk management technology. We have a number of initiatives planned to maximise the efficiency and value of our credit card and consumer loan portfolios. We look forward to the opportunity of working with PIC Solutions and hope to effectively improve our business policies and strategies with the help of these new scorecards.”

Eva Neves, Senior Consultant at PIC Solutions, adds, “This assignment provides us with a great opportunity to expand our presence in Saudi Arabia. We look forward to working with Saudi Hollandi Bank and will endeavour to provide additional benefit and ensure that our Middle East experience optimises these scorecards.”