adaptive control system consulting support contract.
TRIAD, from Fair Isaac Corporation, is the world’s leading
adaptive control system and is used by more than 280 portfolios
worldwide to make more than 44 billion consumer and small
business decisions annually.
TRIAD combines predictive analytics, decision-making software
and expert strategy consulting to automate and improve credit
and customer management decisions for lenders. By making the
right decisions for their portfolios, credit grantors are able
to increase revenue, reduce losses, improve customer service and
ultimately, increase portfolio profitability and drive
competitive advantage.
PIC Solutions and Fair Isaac consultants are currently
implementing the TRIAD adaptive control system in Standard Bank.
During this assignment strategy consultants have, and will
continue to develop, effective credit risk strategies which can
be applied in TRIAD.
Douglas Walker, Director of Retail Credit at Standard Bank,
states,
“We look forward to utilising the TRIAD
functionality and flexibility to its full potential and to
realise the benefits that are possible through the optimisation
of our credit, risk and customer management decision strategies.
We have built a strong relationship with Fair Isaac and PIC
Solutions during this assignment and will continue to use their
expertise to ensure that we improve on our credit decisions.”
Dave Lewis , Director of Consulting at PIC Solutions, adds,
“The TRIAD solution offers Standard Bank the flexibility of
implementing leading-edge strategies to segment specific
customer groups and treat them appropriately and effectively
throughout the credit life-cycle. The PIC Solutions consultants
will work closely with the Standard Bank team to develop
effective acquisition, limit management, authorisation,
marketing and collections strategies. These strategies will
enhance the value of the credit portfolios and build more
rewarding and longer term customer relationships.”
