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New Features

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. ...
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Marketing & Growth

Opening up access to affordable credit

NestEgg’s new platform is opening up access to affordable credit, helping responsible lenders grow their loan books. Affordable ...
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New Features

NestEgg: new features for 2023

NestEgg closed the year, looking forward to 2023. Our User Group of 30+ responsible lenders helped us prioritise ...
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Risk Assessment

Supporting compliance for outsourcing rules

Outsourcing rules are contained in Chapter 14 of the PRA Rule Book. In short, where an important operational ...
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NestEgg ISO 27001 certification
Newsroom

ISO 27001 Certification

NestEgg is proud to announce we are now ISO 27001 certified. As of 7th November 2022, we have ...
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Lending Strategy

Car loans roundtable

20 credit unions attended our Car Loans Roundtable on 10th November. The meeting explored the opportunity the Finance ...
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Lending Strategy

Easier loan assessment

NestEgg's decision engine delivers easier loan assessment. Are you tired of moving between several different systems just to ...
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Lending Strategy

Credit union car loans

Credit union car loans are becoming a reality. 7.5m people bought 9.2m cars in 2021. 8 in 10 ...
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New Features

Featured feature: debt ratios

Debt ratios are important. And the cost-of-living crisis makes affordability assessments are more important than ever. To help ...
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New Features

Featured feature: Automatic alternative offer

NestEgg's decision engine provides an automatic alternative offer. Problem Sometimes a loan applicant applies for too much. But, ...
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Newsroom

NestEgg decision engine hits £1/4bn of loans

This week NestEgg decision engine hits £1/4bn of loans assessed. The £250,000,000 represents 200,000 loans having been evaluated ...
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Lending Strategy

Loan decisioning in a cost-of-living crisis

The cost-of-living crisis is hitting borrowers across all income groups. Consequently, responsible lenders need to adjust their approach ...
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New Features

New feature: compare default balances

NestEgg's decision engine now enables users to compare default balances. Defaults, especially recent ones, are a predictor of ...
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New Features

New feature: applicant demographics

NestEgg’s decision engine now includes applicant demographics. Because most new borrowers join online, it’s harder than ever to ...
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Newsroom

We’re hiring a Client Success Manager

NestEgg is hiring a Client Success Manager. The salary is £27,500 with a pension matched to 4% of ...
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Lending Strategy

Align automated decisions with your lending policy

NestEgg makes it easy to align automated decisions with your lending policy and risk appetite. As a result, ...
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Marketing & Growth

Five tactics for 200% growth

NestEgg clients doubled the number of loan applications in January compared to the same period last year. On ...
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New Features

Buy Now Pay Later to be included on credit reports

Buy Now Pay Later is to be included on credit reports. Buy Now Pay Later (BNPL) has been ...
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New Features

A decision engine with free upgrades

NestEgg provides a decision engine with free upgrades. Here’s a brief line-up of three recent and three forthcoming ...
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Credit Scoring

FREE training: credit score masterclass

We're running a credit score masterclass in February because credit scores can be hard to fathom. Hundreds of ...
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Lending Strategy

Webinar review: Grow your loan book in 2022

On 12th January we heard from seven speakers about how to grow your loan book in 2022. Download ...
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Lending Strategy

Grow your loan book in 2022

On 12 January 2022 at 10:30am, NestEgg is running a webinar to help you grow your loan book ...
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New Features

Unlimited addresses for each credit decision

NestEgg's decision engine now offers unlimited addresses for each credit decision. On average a credit union borrower has ...
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New Features

New feature: credit score reasons

Credit score can be hard for borrowers to understand. And it’s a complex three-digit number that can also ...
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Financial Health

International credit union day 2021

It’s International Credit Union Day. This year’s theme is building financial health for a brighter tomorrow. NestEgg’s reason ...
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Lending Strategy

Automated decisions you can trust

Getting automated decisions you can trust is a big challenge. If automated decisions are always subject to review, ...
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Marketing & Growth

£100m of loan applications

In July NestEgg hit an important milestone. Our decision engine has reviewed more than £100m of loan applications. ...
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Lending Strategy

Faster growth with easy online applications

Covid-19 has been a catalyst for change. A huge global nudge in the direction of doing things online. ...
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Case Studies

How to improve affordability assessment

40 credit unions attended our recent training: ‘Affordable or vulnerable’ where we looked at how to improve affordability ...
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Lending Strategy

An increase in credit union lending?

It’s too early to establish a trend when you’re looking at just a couple of months’ worth of ...
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Lending Strategy

Affordable or vulnerable? FREE loan affordability assessment training

Covid-19 has made loan affordability assessment much harder. Furthermore, according to the Financial Conduct Authority, 53% of the ...
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Financial Health

More referrals for community finance

Over the next two years NestEgg will deliver 10,000s more referrals for community finance. We've just completed another ...
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decision engine for responsible lenders
Lending Strategy

An upgraded decision engine for responsible lenders

A Decision Engine for responsible lenders is only as good as its rules. If rules for deciding whether ...
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New Features

Reducing workload when processing loans

Loans staff are increasingly away from work due to Covid-19. Because of this, NestEgg has focussed on reducing ...
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Financial Health

Growing the loan book in 2021

Growing the loan book in 2021 will continue to be a challenge. Job insecurity and economic uncertainty means ...
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Financial Inclusion

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 ...
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Credit Scoring

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 ...
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Financial Health

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 ...
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Lending Strategy

There are good missed payments

There are good missed payments. That might sound counter-intuitive. No one wants to see missed payments on a ...
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Financial Health

NestEgg is now regulated by the Financial Conduct Authority

NestEgg is now regulated by the Financial Conduct Authority as a provider of credit information services. This means ...
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Financial Health

NestEgg joins Cohort 6 of the FCA Sandbox

NestEgg is delighted to announce our participation in cohort 6 of the FCA Sandbox. The UK’s regulator is ...
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New Features

New feature: Supersearch

NestEgg’s Decision Engine now searches for hidden addresses. Retrieving six years of addresses, these are automatically used for ...
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Financial Health

Decline to accept

Credit unions save low income borrowers, in Great Britain, £120m in excess interest every year. NestEgg users generate ...
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Financial Health

Lending trends since lockdown

On 10 June our webinar looked at lending trends since lockdown. We wanted to find out how Coronavirus ...
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Financial Health

Measuring impact and recovery from Covid19

In mid-April NestEgg was one of the presenters at the Finance Innovation Lab Covid19 event. We shared research on ...
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Isolated man
Financial Health

How credit unions are helping with the Coronavirus

We've taken a look at five credit unions using the NestEgg Decision Engine and Workflow to understand how ...
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Credit Scoring

Covid-19 means falling credit scores. A holistic view is needed

Covid-19 will increase bad debt. Covid-19 means falling credit scores. Spending 1/5 of monthly income on credit is ...
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Lending Strategy

Credit card consolidation: a lower risk alternative?

Consolidation loans are tempting. They help members cut the interest rates they are paying. Monthly repayments can be ...
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Financial Inclusion

Introducing Financial Health Indicators

NestEgg and Central Liverpool Credit Union are one of six finalists in the Affordable Credit Challenge. Together we ...
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Financial Inclusion

The credit union difference in a fintech world

Financial technology (fintech) is great news for credit unions. Slicker user experience. Automation. Easier payments. Better use of ...
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Financial Inclusion

Open Banking for People and Planet

On Thursday 20th June NestEgg co-hosts a Finance Innovation Lab community event; Open Banking for People and Planet.  ...
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Lending Strategy

NEW FEATURE: Improved Lending Analytics

Good data means better loan decisions. With 100s of data points flowing through our software, the potential for ...
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Financial Inclusion

The Affordability Challenge

Assessing affordability is a challenge. Especially when considering loan applications from low income households. A family with little ...
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County Court Judgments
Lending Strategy

Lending insights: County Court Judgments

Anonymised data helps us better understand the risk profile of credit union borrowers. Information on topics such as ...
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New Features

NEW FEATURE: Pinpoint repayment problems instantly

New feature: Display and organise credit accounts according to their status: Active, paid, missed payments and defaults. Benefits: ...
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Financial Inclusion

Mobile phone defaults: not always a bad thing?

There have been dozens of stories in the press about lost mortgage offers because of defaults on mobile ...
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Newsroom

Case Study – Castle & Crystal Credit Union

We were thrilled to enrol UK Midlands-based Castle & Crystal Credit Union as an early adopter of our Decision ...
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Newsroom

Announcement: NestEgg Joins The Finance Innovation Lab!

We are delighted to announce that NestEgg has been selected for the 2019 Fellowship Programme at the Finance ...
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Financial Health

Are You In Control Of Your Credit?

Are you are getting turned down for loans? Getting charged too much for borrowing? Your credit score might ...
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Risk Assessment

Why Traditional Financial Statements Don’t Work

Money comes in. Money goes out. Calculating disposable income is hard given our tendency to spend what we ...
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risk appetite
Risk Assessment

How Being Nice can Skew Risk Appetite

We’re nice people in the credit union movement. We often ‘err’ on the side of accepting loans, especially ...
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TrueLayer Open Banking
New Features

A New Partnership Delivering Open Banking To Credit Unions

The limitations of credit checking Credit checking helps. Yet when faced with a loan application there’s nothing like ...
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New Features

New! Identity & Bank Account Owner Checks

The days when you had to pay to upgrade your software are on their way out. NestEgg’s Decision ...
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open banking for credit unions
Open Banking

Making Open Banking Work For The Benefit Of Your Members

Open Banking for credit unions provides an opportunity to educate members and improve credit decisions. Because Open Banking ...
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GDPR is good for marketing
Marketing & Growth

GDPR Is Good For Marketing

Nearly 20 years ago, a book was published which was to change marketing forever. Before that, marketing* was ...
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doorstep loans customer experience
Risk Assessment

Satsuma Goes Pear-Shaped (Slick Customer Experience Isn’t Enough)

Ten years ago I ran a focus group of low income borrowers to understand the impact the Government’s ...
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bad debt
Credit Scoring

Why Spending More On Bad Debt Can Be Profitable

Sticking to your budget for bad debt isn’t always the best course of action. What if spending another ...
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credit union websites
Marketing & Growth

How Credit Union Websites Are Like Cars

Some credit union websites are pretty. Many are ugly. Ugly or pretty, most of them don't 'work'. In ...
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financial resilience
Financial Inclusion

Good Loan Applicants Are Being Turned Away

4.5 million people were declined for credit last year. Many for good reason; 1/4 of applicants were in ...
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Loan Book Growth Equation
Marketing & Growth

The Loanbook Growth Equation (and Why it Matters)

Hiding in plain site among Silicon Valley's hallowed circles of so-called growth hackers is a concept that's become ...
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Financial Inclusion

Why You Need To Be Concerned About Affordability

Despite tightening up regulations that protect consumers from over-indebtedness, insolvencies for 18 to 34 year olds are up ...
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Ready to find out more?

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