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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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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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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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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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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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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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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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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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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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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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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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 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 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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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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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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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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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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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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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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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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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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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 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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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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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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£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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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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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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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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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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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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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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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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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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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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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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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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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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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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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 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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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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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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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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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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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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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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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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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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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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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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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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Lending insights: County Court Judgments
Anonymised data helps us better understand the risk profile of credit union borrowers. Information on topics such as ...
Read More 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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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 ...
Read More 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 ...
Read More 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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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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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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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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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! 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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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
Nearly 20 years ago, a book was published which was to change marketing forever. Before that, marketing* was ...
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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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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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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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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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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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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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