Non-bank Financial Institution Casebook

| 15 RETURN TO CONTENT PAGE The Result Post implementation of the solution, SCUF and its clients are able to reap continuous benefits using the API based solution that has resulted in: > End-to-end digitized disbursement service that reduces the risk of fraud > Elimination of risk of theft or misdirected payments as all disbursements is cashless, electronic and instant > Enhanced customer experience, where loans may be disbursed in as little as 15 minutes > Faster rate of loan asset growth through differentiation of service levels against the company’s competitors Key Benefits > Significant cost reduction and enhanced security on account of reduction in cash handling at SCUF branches > Adherence to the government’s digitization initiative to disburse (less than USD3,000) only into bank accounts, with the exception of borrowers that need credit confirmation before leaving the branch > Reduce frauds and thefts SCUF needed a solution that digitizes its gold loan services where approved loans may be disbursed to the borrower electronically.