Financial wellbeing

The UK Government’s recently published Financial Inclusion Strategy highlights a continuing challenge for the financial services sector: “The provision of affordable credit to financially excluded people is a challenge that the financial services sector as a whole must rise to meet.” The strategy makes clear that mainstream lenders, like banks, and community finance providers, like…

Housing Associations are more than landlords. For a long time, Housing Associations have recognised the importance of financial inclusion. Most have introduced strategies or dedicated staff to help tenants access affordable credit, manage money, and reduce the risk of arrears. While the level of support varies across the sector, these initiatives can make a real…

Earlier this year, NestEgg won Fintech Scotland’s Consumer Duty Challenge for improving outcomes for vulnerable borrowers. Building on this foundation, we’re launching new research into one of the most hidden forms of vulnerability: economic abuse. An often hidden vulnerability The law recognises economic abuse as a form of domestic abuse, where one person controls another’s…

On Wednesday 26th July, NestEgg co-founder, Adrian Davies, is speaking at the World Credit Union Conference in Vancouver. The topic is how Open Banking promotes financial inclusion. The UK is ahead of almost all other countries with open banking. NestEgg decision engine clients have been using these data to support lending decisions for more than…

NestEgg’s new platform is opening up access to affordable credit, helping responsible lenders grow their loan books. Affordable credit providers could grow so much more quickly. Credit unions and CDFIs just need to make themselves easier to find and apply to. Growth potential For the risk profile of borrowers being accepted by community lenders, the…

It’s International Credit Union Day. This year’s theme is building financial health for a brighter tomorrow. NestEgg’s reason for being is to help credit unions improve the financial wellbeing of their members. NestEgg does this in six ways. Fairer credit decisioning Financial exclusion manifests itself in particular ways on a credit record. Responsible lenders, set…