Posts by Adrian Davies
Multi-Source ID Verification: fewer documents, faster decisions
When someone applies to join a credit union or take out a loan, identity verification should be simple: confirm the applicant is who they say they are and get the loan issued ASAP. In practice, a lot of good applicants get stuck. Most identity checks rely on a single data source, so if that source…
Read MoreWhat is a Notice of Correction and when should you add one to your credit file?
Last reviewed August 2026 i QUICK ANSWER A Notice of Correction is a short statement – up to 200 words – that you can add to your credit report to explain a negative entry. It doesn’t change your credit score, but it gives lenders context that may influence a manual credit decision. You can add…
Read MoreThree small features, one better lending experience
Not every improvement to a lending journey needs to be big. Sometimes it’s the smaller features that add up to make a difference – fewer stalled applications, less manual work, faster turnaround. This month we’ve rolled out three new features, each solving a specific piece of everyday friction that slows loans down. Individually modest. Together,…
Read MoreHow Open Banking speeds up the loan application process
Last reviewed August 2026 i QUICK ANSWER Open Banking lets you securely share your bank transaction data with a lender in a few clicks, replacing the need to find, download and send paper bank statements. For credit union applications through NestEgg, connecting Open Banking can reduce a loan decision from days to hours. Before a…
Read MoreHow open banking keeps your data safe
Last reviewed August 2026 i QUICK ANSWER Yes, Open Banking is safe. Your bank login details are never shared with anyone. Instead, a secure one-time token is used for each connection. Open Banking is regulated by the Financial Conduct Authority, uses bank-grade encryption, and requires multi-step authentication. You stay in control and can disconnect at…
Read MoreWhat are the benefits of Open Banking?
Last reviewed August 2026 i QUICK ANSWER Open Banking is a secure, regulated way to share your bank transaction data with a lender, so they can see your income and spending without needing payslips or paper statements. It’s optional, read-only, and can be withdrawn at any time. For credit union loan applications, it typically speeds…
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