PIC Solutions implements account origination solution in Nigeria

Issued by PIC Solutions
Johannesburg, 02 Jun 2005

PIC Solutions has successfully implemented CreditDesk at United Bank for Africa, to improve the bank`s credit application processing environment.

United Bank for Africa (UBA) is the third largest bank in Nigeria. The bank has over 220 branches in Nigeria`s major commercial centres, state capitals and Federal Capital Territory with two offshore branches in New York and Grand Cayman Island.

CreditDesk International 2.1, origination and underwriting software from Fair Isaac Corporation, is designed to improve the profitability and efficiency of an organisation`s credit application processing environment. CreditDesk automates both the origination and risk evaluation of individual credit applications. This enhancement will enable United Bank for Africa to accelerate the process of utilising common decisioning and methodologies.

Lamido Sanusi, Assistant General Manager at United Bank for Africa, comments: "We identified the need for an automated scoring environment in our bank and the CreditDesk software provided an excellent match for our functionality requirements and business objectives. The PIC Solutions consultants` experience and knowledge ensured the successful implementation of this account origination solution. The outcome of this assignment has exceeded expectations and, as a result, we look forward to working with PIC Solutions on future projects."

Stephen Leonard, Managing Director of PIC Solutions, adds: "PIC Solutions specialises in decision strategy design, testing and tracking in the African marketplace, and we were delighted to have been selected by United Bank for Africa for this assignment. This was the first CreditDesk to be implemented in Nigeria, and during this assignment our experienced strategy consultants worked with United Bank for Africa to develop an initial set of decision strategies that will provide the bank with a true competitive advantage."

Fair Isaac

Fair Isaac Corporation (NYSE: FIC) is the pre-eminent provider of creative analytics that unlock value for people, businesses and industries. The company`s predictive modelling, decision analysis, intelligence management, decision management systems and consulting services power billions of mission-critical customer decisions a year. Founded in 1956, Fair Isaac helps thousands of companies in over 60 countries acquire customers more efficiently, increase customer value, reduce fraud and credit losses, lower operating expenses and enter new markets more profitably. Most leading banks and credit card issuers rely on Fair Isaac solutions, as do insurers, retailers, telecommunications providers, healthcare organisations and government agencies. For more information, visit www.fairisaac.com.

PIC Solutions

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

PIC Solutions is the Fair Isaac alliance partner for the Africa and Middle East region and from offices in Cape Town 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 lifecycle of your business.

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