Middle East Bank Selects PIC Solutions for Credit Scoring

International Bank of Qatar, a leading financial services institution in Qatar, has selected PIC Solutions to develop application scorecards for the Bank?s credit card and consumer loan portfolios.

International Bank of Qatar (IBQ) has one of the oldest banking portfolios in Qatar and provides a wide range of consumer credit products to its retail and commercial banking clientele.

As part of their ongoing commitment to improving the profitability of the Bank through effective risk management policies, IBQ has contracted with PIC Solutions to enhance their scoring expertise. During this analytical project, members of the PIC Solutions predictive modelling team will work closely with the Bank?s risk management personnel to ensure the successful implementation of the new application scorecards.

Chip Morton at International Bank of Qatar, comments, ?PIC Solutions understands the dynamics of the Arabian Gulf credit environment and the challenges we face. Their analytical team will use their expertise to develop modelling solutions that cater for our marketplace. We plan to use the new scorecards, together with our brand new applications processing software, to transform our applications processing environment and enhance our business development.?

Eva Neves, Senior Consultant at PIC Solutions, adds, ?We look forward to working with International Bank of Qatar on this assignment. We have enjoyed an ongoing relationship with the Bank and this latest scorecard assignment is an expansion of a very successful partnership. PIC Solutions has set the benchmark for providing turnkey scorecard developments in the Middle East and our experienced analytical team will ensure that the new scorecards provide significant business benefits for IBQ.?