PIC Solutions Conducts Collections HealthCheck for Nedbank

Nedbank Limited, one of South Africa’s ?Big Four? banks, has selected PIC Solutions to conduct a Collections HealthCheck on their Asset Base Finance (ABF) environment.

Nedbank recently underwent an essential restructuring process to align their core banking facilities. The HealthCheck will review the collections aspect of the Bank?s ABF environment to ensure that collections are running at maximum efficiency.

PIC Solutions has executed a significant number of HealthChecks across all types of consumer credit collections in the Europe Middle East Africa region. During this assignment, experienced consultants from PIC Solutions will conduct the HealthCheck on Nedbank?s ABF environment to ensure that existing provisioning and collections policies are brought in line with the Bank?s new strategies.

In addition, this HealthCheck aims to highlight areas for development within Nedbank to optimise their collections results.

Veran Kathan, Head of Operations of ABF and Transactional Banking at Nedbank, states, ?We are focused on maintaining our position as a leading financial institution in the South African banking arena. As part of achieving this objective, we need to enhance our collections process and improve our client service. PIC Solutions has extensive experience pertaining to the dynamics that impact the South African financial services industry. During this assignment, their consultants will review our collections environment to make sure that our policies and procedures match industry benchmarks.?

David Lewis, Director of Consulting at PIC Solutions, adds, ?PIC Solutions is committed to providing turnkey credit risk solutions to the financial services industry. Through this assignment, Nedbank can effectively utilise our credit and risk management skills to leverage new opportunities and maintain their prominent position in the South African market. During this HealthCheck, PIC consultants will highlight any areas for development and will also revise monitoring procedures within the Bank?s ABF environment.?