Cape Town, 9 September 2008 –
Absa Bank Limited, one of Africa's largest
financial services organisations, has signed a new and expanded
RiskMentor contract with PIC Solutions.
Absa serves
personal,
commercial and corporate customers in South Africa. The Group
also provides products and services to selected markets in
Angola, Mozambique, Namibia and Tanzania in Africa.
This RiskMentor contract
provides Absa with a specified number of consulting support
hours, over a twelve month period that can be utilised as and
when it is most required. The RiskMentor
consulting contract ensures that resources can be used from any
area of PIC expertise, including credit risk management
consulting and support, analytics, project management and
software services. This ensures maximum productivity and
flexibility in achieving business objectives, combined with
optimising business profitability and fixed monthly budgeting.
Frederick Fouche, Head of Small Business at
Absa Bank Limited, “We are working extensively with PIC
Solutions to refine our credit risk polices and systems. This
RiskMentor contract provides us with a flexible
way of obtaining specialist consulting expertise, which can be
used as and when it is needed.”
Stephen J. Leonard, Chief Executive Officer
at PIC Solutions adds, “This consulting relationship offers
Absa flexibility in terms of timing and a wide-range of
deliverables. PIC
resources will provide consulting support to Absa across the
entire range of the credit life cycle
to identify opportunities that will realise measurable
business benefits for the Bank.
In particular, our
consultants shall be focusing on assisting with the SME
portfolio and ensuring that best practice policies and
strategies are in place during these trying economic times.”
