International Investment Company Selects PIC Solutions for Credit Risk Scoring

PIC Solutions has been selected by The International Investor Company (TII) to develop application scorecards for their consumer finance portfolio.

The International Investor Company (TII) is a leading financial Kuwaiti shareholding company. Established in 1992 it is listed on the Kuwait and Bahrain Stock exchanges and is a specialised financial services group, operating in four main sectors; investment banking, corporate fleet leasing, consumer financial services and loyalty & payment solutions.

TII has recently established the Payment and Loyalty Solutions Holdings (PLS), which will develop a specialised retailer financial services business offering a wide range of instalment card solutions.

During this analytical project, members of the PIC Solutions predictive modelling team will work closely with TII’s risk management personnel to ensure the successful implementation of the new applications scorecards. The scorecards will be designed to achieve maximum benefit in the selection of the organisation’s Middle East and North Africa consumer finance portfolio.

John Dolton, Director at The International Investor Company, comments, “TII is committed to expanding our consumer finance portfolio throughout the Middle East region. The new application scorecards will ensure we achieve our objectives of minimising business risk and improving our credit decisioning process. We selected PIC Solutions for their broad understanding of the numerous challenges facing the Middle East financial services industry and we look forward to working with them on this assignment.”

Eva Neves, Senior Consultant at PIC Solutions, adds, “PIC Solutions has developed numerous application and behaviour scorecards for clients in the Middle East region, so this project will ensure that TII can rapidly incorporate previous experience in their consumer finance application process. The scorecard will assist TII to effectively manage the risk of the portfolio and provide a framework for structured growth of the customer base.”