PIC Solutions Co-Authors Credit Risk Book

PIC Solutions, the leading specialist credit risk management consultancy in the Africa Middle East region, has co-authored and published a credit risk book with VRL KnowledgeBank Limited.

VRL KnowledgeBank Limited (formerly VRL Publishing) is a leading global provider of intelligence to the financial services industry. The company specialises in delivering the latest industry knowledge and research via management reports, newsletters, electronic newswires, training seminars and national and international conferences.

Risk management is one of the most important and challenging drivers of profitable credit card portfolios. The book Managing Risk: How to develop Effective Strategies and Tools explores the use of effective risk management as a means of maximising risk ratios and risk factors to optimise profits and returns on a credit card business. Topics addressed in the book include:

• Types of risk faced by a cards business
• Setting risk policy
• Tools available to support the risk management function
• Determining how applications are processed
• Credit line assignments and management
• Authorisations
• Provisioning
• Collections and write-offs

This unique book forms part of a credit card toolkit and consists of 12 distinct manuals that can be used as stand-alone guides for improving particular areas of a credit card business or as a complete resource for achieving excellent all-round business practice.

The book, Managing Risk: How to develop Effective Strategies and Tools is now available. Email Amit.Patel@vrlknowledgebank.com or call Amit on +44 (0) 207 563-5628 to request more information or to order your copy. (Quote PICAP and receive a 15% discount.)

Amit Patel, Senior Relationship Manager of Retail Banking and Wealth Management Division at VRL KnowledgeBank Limited, comments ?The key to the power of these hands-on guides are the penetrating case studies. Based on interviews with a diverse array of issuers around the world, they delve into the practical challenges ? and solutions ? resulting from implementation of the ideas contained in The Credit Card Toolkit.?

Stephen Leonard, Managing Director of PIC Solutions, adds, ?We enjoyed working with VRL KnowledgeBank on this project. PIC has extensive international best practices experience and this book provided us with the unique opportunity to share this knowledge with the credit community. The dynamics of the credit industry continuously changes and this credit card toolkit provides the perfect solution for credit risk professionals seeking to know more about the various factors impacting their organisations.”