Arab National Bank Optimises Risk Strategies with PIC Solutions

Dubai, 20 February 2007 – Arab National Bank, a leading bank in the Kingdom of Saudi Arabia, has signed a consulting support contract with PIC Solutions for TRIAD^TM adaptive control system.

The TRIAD system, from Fair Isaac Corporation, has become the global-standard account and customer management solution for consumer credit grantors as it provides sophisticated risk management functionality in the credit limit management, collections and marketing communications environments. By automatically making the right decisions for every account in a portfolio, lenders are able to increase revenue, reduce losses, improve customer service and ultimately increase portfolio profitability and drive sustainable competitive advantage.

Through this strategy consulting contract, Arab National Bank has the flexibility of using PIC Solutions’ renowned strategy consultants to develop and implement effective credit risk strategies.

Ram Mohan, Assistant General Manager at Arab National Bank, states, “We look forward to expanding our relationship with PIC Solutions through this consulting contract. PIC Solutions’ strategy consultants have extensive TRIAD experience and through their support we can optimise our risk strategies and improve our bottom line results.”

Ian Read, General Manager of the Middle East region at PIC Solutions, comments, “This industry proven solution is designed to enable Arab National Bank to maximise the very profitability of their business through effective strategic credit decisions. During this assignment, our risk management team will provide ongoing strategy consulting support and direction to ensure Arab National Bank enjoys the full benefit of this leading-edge technology.”