Standard Bank Signs RiskMentor Consulting Contract with PIC Solutions

Cape Town, South Africa ? Standard Bank, one of Africa?s leading banking groups, has signed a RiskMentor credit risk management consulting contract with PIC Solutions.

Through this RiskMentor contract, Standard Bank has access to professional resources from any area of PIC Solutions expertise, including credit risk management consulting and analytics. The RiskMentor service is on a retainer-basis and ensures maximum productivity, combined with fixed monthly budgeting.

The RiskMentor contract will also offer Standard Bank maximum flexibility in achieving their stated objectives of increasing data-driven decision-making throughout the Bank whilst increasing the overall profitability.

Douglas Walker, Director of Scored Unsecured Credit at Standard Bank, comments, “Standard Bank is committed to improving our credit risk management throughout the Bank. PIC Solutions understands the South African banking industry and can offer us unique credit and risk expertise which we can use to achieve our strategic objectives.”

Dave Lewis, Director of Consulting at PIC Solutions, adds, “It is important that organisations apply effective risk management principles throughout the customer credit lifecycle. Through this RiskMentor contract, Standard Bank has access to experienced resources which can be used to improve their credit policies.”