Adrian Davies, Author at NestEgg

About Adrian Davies

Adrian is a co-founder at NestEgg. He is an alternative finance and credit union expert with extensive experience of start-ups, business development, IT, Target Operating Models and regulatory compliance. Adrian has 20 years’ experience in the responsible lending sector, supporting credit unions with innovative ideas so they can grow and meet service user needs.

January 27, 2021 By Adrian Davies

Reducing workload when processing loans

Loans staff are increasingly away from work due to Covid-19. Because of this, NestEgg has focussed on reducing workload when processing loans. Enhancements improve member service. NestEgg is Software as a Service and as such our Decision Engine is enhanced over time. And without upgrade … Read More about Reducing workload when processing loans

January 11, 2021 By Adrian Davies

Growing the loan book in 2021

Growing the loan book in 2021 will continue to be a challenge. Job insecurity and economic uncertainty means it's harder to make lending decisions. Borrowers' circumstances change so quickly due to Covid-19. And then there’s rising bad debt. 100,000 new borrowers NestEgg will provide responsible … Read More about Growing the loan book in 2021

December 9, 2020 By Adrian Davies

NestEgg is a semi-finalist in the Rapid Recovery Challenge

We're delighted to announce that NestEgg is a semi-finalist in the Rapid Recovery Challenge. Challenge participants are improving access to jobs and money, focusing on those hardest hit by the economic shock resulting from COVID-19. About our solution NestEgg's financial health app makes it … Read More about NestEgg is a semi-finalist in the Rapid Recovery Challenge

November 24, 2020 By Adrian Davies

Covid-19 changes to credit score and missed payments

Ahead of FREE webinar on 3 December, we’ve taken an initial look at Covid-19 changes to credit score and missed payments. 30% of 500 credit union members surveyed told us their financial situation had worsened since Covid-19. Step Change found 28% of adults experienced a negative change in … Read More about Covid-19 changes to credit score and missed payments

October 29, 2020 By Adrian Davies

Covid-19’s impact on lower income borrowers

In September NestEgg processed one loan application every 10 minutes. This anonymised data set provides new insights into Covid-19's impact on lower income borrowers. The pandemic is hitting around 1/3 of credit union members badly. But this isn’t yet showing in the credit data – there’s a lag … Read More about Covid-19’s impact on lower income borrowers

September 24, 2020 By Adrian Davies

There are good missed payments

There are good missed payments. That might sound counter-intuitive. No one wants to see missed payments on a credit file. But a more careful look at the data can reveal an applicant getting back on track. There are missed payments but things are improving. An accept. Not a decline. For what … Read More about There are good missed payments