Maximising growth and efficiency: the power of NestEgg’s analytics

Featured image which shows a snapshot image of NestEgg's decision engine

Last week marked a major milestone for NestEgg Decision Engine users, with the release of powerful lending analytics tools. These insights provide credit unions with deeper data-driven decision-making capabilities, ensuring stronger financial performance, optimised marketing efforts, and improved risk management. Are you growing? Understanding loan book growth is essential when reviewing financial performance and adjusting…

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Credit union lending upgraded: smarter decisions, faster growth

An image of a Scalable Decision Engine

This February and March, NestEgg is rolling out a major upgrade to its scalable Decision Engine, bringing 50 credit unions onto the latest and most advanced version of our award-winning platform. With this enhancement, lenders will benefit from even smarter, faster, and more powerful lending decisions—delivering greater efficiency and impact. NestEgg offers a scalable Decision…

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Improving outcomes for vulnerable borrowers

In 2025 lenders using NestEgg’s platform will prevent £250 million of financial harm affecting the top 20% most deprived areas. This is possible due to NestEgg’s win at the  FinTech Scotland’s Consumer Duty Challenge. The challenge has accelerated NestEgg’s Machine Learning so we can better identify vulnerable borrowers, and, of course, act on those findings.…

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Combining data for better loan decisions

Combining data from Open Banking, Credit Bureau and other data sources ensures broader, more accurate affordability assessment. Open Banking on its own can lead to an increased decline rate, even though credit risk might be reasonable. For example, an applicant with a bounced Direct Debit or Standing Order might be viewed as being more likely to…

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How Open Banking speeds up the loan application process

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Applying for a loan should be straightforward, but sometimes gathering and submitting paperwork adds unnecessary stress and delays. Lenders are legally required to make sure your loan is affordable. To do this they will want to check your income and expenditure. Traditionally this has meant sending in paper bank statements. Open Banking is a secure…

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How open banking keeps your data safe

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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…

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