NestEgg and Central Liverpool Credit Union are one of six finalists in the Affordable Credit Challenge. Together we are building Financial Health Indicators (FHIs) into NestEgg's decision engine. Covering spending, borrowing and saving, FHIs are shared transparently between borrowers and … Read More about Introducing Financial Health Indicators
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 data. These all help the sector grow loan books. But ‘tech for good’ companies are hoovering up potential credit union members. Some are particularly strong on … Read More about The credit union difference in a fintech world
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. Kicking off at 7pm, the event's at the Google Start-up Campus. We'll look at how Open Banking improves loan decisions and how this can be done at scale. Automated decisions can … Read More about Open Banking for People and Planet
NEW FEATURE: Improved Lending Analytics
Good data means better loan decisions. With 100s of data points flowing through our software, the potential for credit unions to strategise lending is unprecedented. Because of this we’ve enhanced our lending analytics. Additionally, they're provided as standard with our Decision Engine. Lenders … Read More about NEW FEATURE: Improved Lending Analytics
The Affordability Challenge
Assessing affordability is a challenge. Especially when considering loan applications from low income households. A family with little money will be struggling to make ends meet. Never mind paying back a loan. High cost credit perpetuates this problem. It's why credit unions are an important … Read More about The Affordability Challenge
Lending insights: County Court Judgments
Anonymised data helps us better understand the risk profile of credit union borrowers. Information on topics such as County Court Judgments (CCJs) benefits credit unions because they can benchmark applications, understanding decisions against country-wide trends. The data set on CCJs is … Read More about Lending insights: County Court Judgments