The Data Analytics Blog

Our news and views relating to Data Analytics, Big Data, Machine Learning, and the world of Credit.

All Posts

Principa And Digemy Partner To Launch Wisdome To Provide Specialised E-Learning Training To The Financial Services Industry

January 22, 2020 at 10:34 AM

Cape Town, South Africa – 22 January 2020 - Principa, a South African data analytics company, and Digemy, a Cape Town e-learning technology provider have announced a new partnership whereby Principa will provide credit risk, and collections content and Digemy will provide their revolutionary analytics e-learning platform to manage and render the training solution.

The cloud-based solution known as Wisdome has launched with thirteen courses covering the following focus areas: financial literacy (4 courses), Debicheck readiness (1 course), Collections Agent Skills and Collections Optimisation (8 courses).

“What’s unique about the offering is twofold” says Jaco Rossouw of Principa, “the solution provides the market with high quality South African credit and collections specific content and it delivers this content in a progressive manner where analytical methods are used to ensure that the trainee is continually receiving content where knowledge levels do not meet the required standard.” Jaco goes on to say that in Digemy, Principa saw the perfect partner through which to complement their vision of using analytical methods to achieve superior outcomes and thus transform the traditional training methodology with innovative new learning methods.

“Now that we have created a learning platform like no other in the market, the next step is to partner with content providers that are masters in their field, and Principa is exactly that”, says Digemy CEO, Kobus Louw. “They are the leaders in their industry, and we knew that by partnering with them and offering their expert content on our platform, we would create an industry focussed learning solution that disrupts and optimises traditional training and creates exponential value for their clients’ and learners’. This will also enable us to venture into markets that previously had no access to this kind of offering, and breach and fill very necessary skills gaps.”

For more information, visit https://wisdome.co.za/.

About Principa: Principa Decisions (Pty) Ltd. work wonders with data science to serve over 150 companies in 30 countries in Africa, the Middle East and Europe. Principa’s data science solutions help customers answer questions about the past and present to anticipate future outcomes. Our data scientists, developers and consultants work together to develop data analytics products and solutions that derive answers, predictions and recommended actions from large and complex data. The data insights derived provide the information and knowledge from which to develop more effective strategies, increase efficiency and profitability and decrease cost and risk.

About Digemy: Digemy (Pty) Ltd transforms the traditional eLearning experience by using advanced learning algorithms to measure the knowledge of each learner before they start with a course, and then create unique learning paths for each learner to increase their knowledge and engagement while decreasing their time spent learning. Digemy’s learning platform is the first white labelled knowledge focussed learning platform in Africa, and is used by learning academies and organisations to offer an award winning learning experience, as well as interview, induction, on-boarding and continuous learning processes within their organisation.

Latest Posts

2021: Pursuing the pockets of profit

During the COVID-19 crisis, the media has focused much on the weak economy and stressed South African consumers. Figures show an increase in unemployment and for those lucky to be employed, many suffered decreased earnings through salary cuts. All this points to a highly strained economic environment.

Are we entering a mortgage provision spiral?

The South African credit bureau TransUnion recently released data on the performance of various different products within the bureau in their ”Quarterly Overview of Consumer Credit Trends” for the third quarter of 2020. With the COVID-19 crisis, 2020 was characterised by a severe reduction in account originations and payment holidays in Q2 with a high increase in non-performing accounts in Q3 as payment holidays ceased and stressed consumers failed to pay their accounts.

The 7 types of credit risk in SME lending

  It is common knowledge in the industry that the credit risk assessment of a consumer applying for credit is far less complex than that of a business that is applying for credit. Why is this the case? Simply put, consumers are usually very similar in their requirements and risks (homogenous) whilst businesses have far more varying risk elements (heterogenous).