PIC Solutions Opens Second Middle East Office

Dubai, 29 November 2007 – PIC Solutions, the largest credit risk management consultancy in the Middle East Africa region has opened an office in Bahrain, their second presence in the Arabian Gulf.

As one of the fastest growing financial centres in the Middle East, the demand for locally based credit risk management consulting expertise and software solutions has increased significantly in Bahrain. This prompted PIC Solutions to open the new office in Manama, which is more accessible to the ever-growing client base in the region.

PIC Solutions offers consulting services across the entire spectrum of the credit life cycle, and provides extensive consulting experience and an in-depth understanding of local and international best practices to optimise the Bahrain bank’s credit risk management operations.

These services range from credit bureau score consulting, predictive modelling, and the popular HealthCheck service, where PIC consultants are contracted to focus on optimising clients’ lending operations and deliver practical solutions with a focus on delivering measurable benefits to clients. PIC Solutions experts also deliver seminars to credit risk professionals all over the world, which have also become popular in the Middle East region.

Ian Read, PIC Solutions General Manager for the Middle East region, comments, “We will continue to invest and expand in the Middle East to meet client demand. Along with the existing PIC Solutions office in Dubai Media City, our new office in the National Bank Tower in Bahrain is just another indication of our commitment to providing leading edge credit risk solutions to our clients. We approach every assignment with clients not on a project basis, but as a long-term relationship, and this ethos is mirrored in how we approach the region.”

Stephen J. Leonard, Managing Director of PIC Solutions, adds, “We have been highly successful in expanding our presence in the Middle East region and the Bahrain office will be conveniently located for clients utilising our consulting expertise and solutions. This new office will ensure that we continue to provide complete solutions and best practice advice as needed. Our Middle East clients will certainly benefit from our locally based support and our goal is to deliver services that will allow them to become more competitive and increase their profitability.”


About PIC Solutions
PIC Solutions provides consumer credit solutions to a wide range of blue-chip organisations. We are experts in the fields of credit, risk and software and have an established track record of success powered by solutions.

PIC Solutions is the Fair Isaac alliance partner for the Middle East Africa region and from offices in Cape Town, Dubai and Johannesburg, provides all sales and support for the entire suite of Fair Isaac products and services. This includes consulting, project management, integration services, first line software support and ongoing maintenance.

Our ongoing commitment is to enable clients to optimise the credit life cycle.