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Majid Al Futtaim Selects PIC Solutions for Consulting Support - MAF Group, one of the largest privately owned businesses in the Middle East and North Africa (MENA) region has selected the region’s leading specialist risk management consultancy to assist with the launch of their credit cards
Majid Al Futtaim Selects PIC Solutions for Consulting Support

 

PRZOOM - /newswire/ - Cape Town, Western Province, South Africa, 2008/10/15 - MAF Group, one of the largest privately owned businesses in the Middle East and North Africa (MENA) region has selected the region’s leading specialist risk management consultancy to assist with the launch of their credit cards.

   
 
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The Majid Al Futtaim Group (MAF Group), is responsible for pioneering the concepts of the mega-mall and the hypermarket in the MENA region. Over the past decade the Group has expanded these concepts from Dubai into other major cities in the United Arab Emirates and throughout the MENA region.
In a drive to optimise its credit operations, Majid Al Futtaim has requested PIC Solutions to provide a strategic review of its current credit processes and develop a roadmap for the implementation of best practice risk management systems, processes and tools, for both new and existing credit card customers.

During this assignment, PIC Solutions consultants will be creating and presenting a roadmap detailing the short term, medium term and long term strategies to implement best practice credit risk management throughout the entire organisation. This includes a review of international best practices in the areas of application scoring, application processing, collections and credit technology.

Rasool Hujair, Chief Executive Officer at Majid Al Futtaim, states, “We have selected PIC Solutions to assist with out credit risk policies based on results we have seen from other financial institutions. We feel secure in the knowledge that we are getting our advice from the leading credit risk management consultancy in the GCC.”

Ian Read, General Manager of the PIC Solutions MENASA region, based in Dubai, comments, “PIC Solutions is committed to providing leading edge credit risk solutions to our clients. In particular, with the significant increase in the launch of new credit products and services in the GCC, we can ensure that new companies avoid the potential pitfalls of a highly competitive market”.

About PIC Solutions
PIC Solutions is the leading specialist credit risk solutions company in the EMEA region. We deliver integrated analytics, consulting and software solutions to over 150 companies in 30+ countries. We work worldwide with organisations to improve performance, drive strategies and enhance profitability.

PIC Solutions is the Fair Isaac alliance partner for the Middle East Africa region and from offices in Cape Town, Dubai, Johannesburg, Manama and Nairobi; we provide all sales, initial and ongoing support for the entire suite of Fair Isaac products and services. This includes consulting, professional services, project management, software support and ongoing maintenance.

Editorial Contact:
Ian Read, General Manager
P.O. Box 502390, Dubai, UAE
T: +971 (0)4 369 7624
F: +971 (0)4 369 7623
C: +971 (0)50 946 8370
E: IRead[.]PICSolutions.com.

 
 
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Majid Al Futtaim Selects PIC Solutions for Consulting Support

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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any PIC Solutions securities in any jurisdiction including any other companies listed or named in this release.

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