National Bank of Kuwait has selected South Africa-based PIC Solutions to develop application scorecards for its revolving credit card portfolio.
To improve its risk management policies, the bank has partnered with PIC Solutions to develop effective scoring solutions that will enhance their bottom-line results.
During this analytical project, members of the PIC Solutions predictive modeling team will work closely with the Bank’s risk management personnel to ensure the successful implementation of the new application scorecards. The scorecards will be designed to achieve maximum benefit in the selection of the Bank’s credit card portfolio.
Chip Morton, deputy general manager, retail banking, said: PIC Solutions has a firm understanding of our business and our strategic objectives. We are committed to improving our applications processes and PIC’s extensive scoring solutions are designed to streamline business decisions. We look forward to implementing these scorecards to enhance our applications processing capabilities and ensure we accurately assess our growing client base.