Absa Expands RiskMentor Consulting Relationship with PIC Solutions

Cape Town, 23 August 2005 – Absa, one of Africa’s largest financial services institutions, has expanded their consulting relationship with PIC Solutions, by signing an enhanced RiskMentor consulting contract.

The RiskMentor contract will ensure that Absa has access to professional resources, including 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.
 
Tjaart van der Walt, General Manager of Group Credit Shared Services at Absa, comments, “The enhanced RiskMentor contract offers us an effective and flexible means of obtaining consulting expertise for all our business requirements. PIC Solutions has successfully delivered credit and risk management consulting services to all our banking divisions and the RiskMentor is an extension of our established relationship with PIC Solutions.”

Dave Lewis, Director of Consulting at PIC Solutions, adds, “This enhanced RiskMentor contract offers Absa ongoing consulting support for all their banking decisions. Our PIC consultants have developed a firm understanding of their diverse banking environment and we look forward to continuing our consulting relationship with Absa Bank.”