Consumer Credit Signs Enhanced RiskMentor Contract with PIC Solutions

Cape Town, South Africa ? Consumer Credit, a Division of Nedbank Limited, has signed an enhanced RiskMentor consulting contract with PIC Solutions.

This contract will provide ongoing credit and risk management consulting support to one of Africa?s leading providers of private label credit to independent retailers and merchants.

Through this ongoing RiskMentor retainer contract, Consumer Credit has committed to a level of support hours, which can then be used for analytical, consulting and technical support as and when it is most needed over the next twelve months.

Kim Royds, General Manager: Risk and Collections at Consumer Credit, states that, ?Consumer Credit has grown significantly in an extremely competitive and high-risk marketplace and we have a number of new initiatives planned to ensure we maintain our profitable future growth rates. This RiskMentor contract provides us with an innovative means of obtaining risk consulting expertise whenever it is required. By increasing the level of support from PIC Solutions, we aim to achieve even more increases in productivity and profitability.?

Dave Lewis, Director at PIC Solutions adds, ?Consumer Credit has expanded this RiskMentor contract to effectively utilize PIC?s skilled resources for a number of new risk management initiatives. We look forward to expanding our relationship with Consumer Credit and working with them to ensure these new initiatives are completed successfully.?