Posts by Adrian Davies
How open banking keeps your data safe
In today’s digital world, convenience is important. That’s exactly what Open Banking offers. It lets you securely share your financial information with trusted and regulated providers, making tasks like applying for a loan easier and quicker. However, convenience often raises questions and concerns about safety, security, and privacy. Understanding open banking Open Banking allows you…
Read MoreAPR explained
If you’ve ever applied for a loan or credit card, you’ll have come across the term “APR.” It is a term that confuses many people. But what exactly does it mean? NestEgg cuts the jargon, and explains why higher rates aren’t always as expensive as they seem. What is APR? APR stands for Annual Percentage…
Read MoreNestEgg joins the Financial Regulation Innovation Lab Consumer Duty Challenge
We’re thrilled to be part of the Financial Regulation Innovation Lab’s Consumer Duty Challenge. On 5 November, we joined other participants, industry partners, and experts in Glasgow to explore innovative solutions to address issues affecting both large and small financial institutions. The shared focus and fresh approaches revealed during the event were inspiring, providing valuable…
Read MoreBuy Now Pay Later Schemes: How vulnerable do they make you?
Buy Now Pay Later (BNPL) schemes have become increasingly popular over recent years. They allow individuals to purchase goods and services and spread the cost (interest-free) over a number of monthly instalments. Some retailers have their own BNPL scheme, however many use a third-party provider such as Klarna, and Afterpay. When an individual opts into…
Read MoreHow to compare loan products
When it comes to applying for a loan, whether through a credit union or a traditional financial institution, it’s essential to ensure you’re getting the best deal possible. Most people focus on the interest rate. However, several other factors can significantly impact the overall cost and suitability of a loan. Factors to consider when comparing…
Read MoreDrive lower risk loan applications with soft credit checks
For borrowers who are conscious of their credit scores, soft credit checks offer a practical and appealing solution. This process allows individuals to determine their likelihood of loan approval without negatively impacting their credit score (unlike hard credit checks). This is particularly beneficial for those with variable-rate financial products, such as mortgages, where even a slight…
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