PIC Solutions Develops Enhanced Scoring Solution for Bank Windhoek

PIC Solutions has been selected by Bank Windhoek Limited, a key player in the banking industry of Namibia, to develop an application scorecard for their vehicle and asset finance portfolio.

Bank Windhoek provides a wide range of consumer credit products to its retail and commercial banking clientele. In Bank Windhoek’s quest to be the preferred bank in Namibia and continue its outstanding growth over the last few years, the Bank has requested PIC Solutions to develop an application scorecard to enhance their applications processing environment.

During this turnkey analytical project, PIC Solutions predictive modelling team will work closely with Bank Windhoek’s risk management personnel to ensure the successful implementation of the new application scorecard. PIC Solutions will also provide essential credit risk training and consulting support to enhance the Bank’s applications policies and procedures.

Frances van Zyl, Head of Credit Risk at Bank Windhoek Limited, comments, “We selected PIC Solutions for their extensive experience and understanding of risk modelling techniques and industry best practices. Bank Windhoek is committed to improving risk management best practices throughout our organisation. We plan to use the application scorecard to enhance our application procedures and effectively grow our customer base.”

Eva Neves, Senior Consultant at PIC Solutions, adds, “PIC Solutions has set the benchmark for providing credit risk management and turnkey scorecard developments to a wide range of consumer credit grantors. We look forward to working with Bank Windhoek on this assignment. Through this new scorecard, Bank Windhoek will see significant improvements in the applications process of their loans portfolio. Our experienced consultants will also provide enhanced training and support to ensure the Bank utilises the scorecard effectively.”

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