PIC Solutions Conducts Collections HealthCheck for Middle East Company

Dubai, 26 July 2006 - CrediMax, a leading financial services company in Bahrain, selected PIC Solutions to conduct a Collections HealthCheck on their credit card portfolio.

CrediMax is a subsidiary of the Bank of Bahrain and Kuwait and was the first credit card issuer in the Kingdom of Bahrain. Through a combination of product development, joint ventures, commitment to a robust technological infrastructure, high quality management and development of its people, CrediMax follows its vision of being the preferred regional payment service brand.

This Collections HealthCheck will provide CrediMax with the opportunity to review their credit card portfolio and ensure that their collections are running at maximum efficiency. During this assignment, PIC Solutions experienced consultants will conduct a HealthCheck on the organisation’s current collections environment to ensure that existing provisioning and collections policies are aligned with their current strategies.

Mohammed Malik, Head of Support Group at CrediMax, states that, “We are committed to improving risk management best practices in our organisation and ultimately increasing our bottom-line results. We selected PIC Solutions for their extensive international experience of business best practices in the financial services industry. This Collections HealthCheck will provide us with a strategy to enhance our collections environment and improve our credit card portfolio.”

David Lewis, Director of Consulting at PIC Solutions, adds, “This assignment allows CrediMax to tap directly into industry best practices. The key objective of this Collections HealthCheck is to review collections procedures and make recommendations that will optimise collections results. We look forward to working with CrediMax on this assignment. ”


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.

Editorial Contact:
Sarka Svoboda
Marketing Manager
Tel: +27 (0)21 680-6010
Fax: +27 (0)21 680-6003
Email: SSvoboda@PICSolutions.com
Web: www.PICSolutions.com