PIC Solutions Develops Application Scorecards for RCS Cards

Cape Town, South Africa ? RCS Cards, a member of the Foschini Group, selected PIC Solutions to develop custom application scorecards for their retail cards portfolio.

RCS Cards is a financial services company providing retail financing to customers in the South African market. As part of their ongoing commitment to improving the profitability of the organisation through effective risk management policies, RCS Cards contracted PIC Solutions for their scoring expertise.

In this turnkey analytical project, members of the PIC Solutions predictive modelling team worked closely with RCS Cards risk management personnel to develop the custom application scorecards.

Regan Adams, Risk and Operations Director at RCS, comments, “Future growth in a competitive South African market through solid account assessment methodologies, is vital in ensuring future business success. We selected PIC Solutions to develop these application scorecards as they have a firm understanding of risk modelling techniques and practices. We plan to use these scorecards to enhance our applications policies and procedures to effectively grow our target market.”

Eva Neves, Senior Consultant at PIC Solutions, adds, “We have enjoyed working with RCS Cards on this scoring assignment. PIC Solutions is committed to offering our clients effective credit risk solutions to enhance their business decisions. Through these new scorecards, RCS Cards will see significant improvements to the applications process of their retail cards portfolio.”