Mutual Growth Seminar

Mutual growth seminar

The cost of living crisis and rising interest rates means it’s a tough time to lend. NestEgg’s Mutual Growth Seminar will help participants explore and discuss strategies for growing the mutual sector at this difficult time. The day will be structured around four fireside chats, covering affordability, products and technology. What is the data telling…

Read More

Rising mortgage rates and affordability

Rising mortgage rates and affordability is a big issue for lenders right now. Can people with mortgages afford to borrow? It’s important to know how much costs have risen and what impact that has on affordability and credit risk. Our last blog explained how those with better credit scores (who are more likely to have…

Read More

Affordability is STILL the issue!

Affordability

Combining credit and open banking data is the key to understanding affordability. With interest rates rising and the cost of living crisis continuing, new ways of understanding affordability are essential. Open Banking is one way to assess affordability because it gives the latest transaction data. However affordability is much more powerful when open banking is…

Read More

Why NestEgg is the right fintech partner for credit unions

NestEgg as the right fintech partner

Selecting a fintech partner for credit unions is more important than ever. As expectations for digital experiences continue to increase, there has never been a more opportune time for credit unions to consider partnering with a fintech company.  Credit unions are often behind the competition, because their systems are unable to keep up with rapid…

Read More

Open Banking and Product Development

Spelling of optimal on a turquoise background

NestEgg has been using Open Banking to assist with credit decisioning for more than five years. At the World Credit Union Conference 2023 (WCUC), we talked about how open banking can be used to make more inclusive lending decisions.   Open banking data is also useful when used in aggregate. In other words, analysing data from…

Read More

Bringing together open banking and credit data

NestEgg is bringing together open banking and credit data. To help us we’ve secured a grant from Innovate UK’s Transformative Technologies competition. As a result, we’ll be developing new features, combining open banking and credit data for rounder, more complete affordability decisions.  It’s hard to get a fair priced loan People who’ve been through a…

Read More