Posts by Adrian Davies
New feature: open banking affordability charts
NestEgg has launched a new feature: open banking affordability charts. The cost-of-living crisis is developing into a recession. Of course, this isn’t good news for responsible lenders. Because of this, it’s more important than ever to navigate data so those that are struggling are spotted early on. One of the advantages of NestEgg’s decision engine…
Read MoreOpening up access to affordable credit
NestEgg’s new platform is opening up access to affordable credit, helping responsible lenders grow their loan books. Affordable credit providers could grow so much more quickly. Credit unions and CDFIs just need to make themselves easier to find and apply to. Growth potential For the risk profile of borrowers being accepted by community lenders, the…
Read MoreNestEgg: new features for 2023
NestEgg closed the year, looking forward to 2023. Our User Group of 30+ responsible lenders helped us prioritise the most important new features for Q1/2023. Ever-conscious of a cost of living crisis that is fast developing into a recession, the focus was supporting responsible lenders to make better decisions in increasingly difficult economic climate. Making…
Read MoreSupporting compliance for outsourcing rules
Outsourcing rules are contained in Chapter 14 of the PRA Rule Book. In short, where an important operational function is outsourced, additional controls should be in place to manage that service. In most cases where a credit union is relying on cloud-based services – outsourcing rules apply. As organisations rely more than ever on the…
Read MoreCar loans roundtable
20 credit unions attended our Car Loans Roundtable on 10th November. The meeting explored the opportunity the Finance Bill presents for credit unions wanting to grow their loan books. Currently passing through Parliament, when enacted the Bill means credit unions will be able to offer Conditional Sales Agreements. Conditional Sales Agreements are similar to hire…
Read MoreEasier loan assessment
NestEgg’s decision engine delivers easier loan assessment. Are you tired of moving between several different systems just to assess a loan? With NestEgg, everything’s in one place. Online loan applications may need to be re-keyed into a credit assessment portal. Moreover, your credit data probably appears in a different place to open banking. Additional documentation…
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