Organisations
Maximising growth and efficiency: the power of NestEgg’s analytics
Last week marked a major milestone for NestEgg Decision Engine users, with the release of powerful lending analytics tools. These insights provide credit unions with deeper data-driven decision-making capabilities, ensuring stronger financial performance, optimised marketing efforts, and improved risk management. Are you growing? Understanding loan book growth is essential when reviewing financial performance and adjusting…
Read MoreCredit union lending upgraded: smarter decisions, faster growth
This February and March, NestEgg is rolling out a major upgrade to its scalable Decision Engine, bringing 50 credit unions onto the latest and most advanced version of our award-winning platform. With this enhancement, lenders will benefit from even smarter, faster, and more powerful lending decisions—delivering greater efficiency and impact. NestEgg offers a scalable Decision…
Read MoreImproving outcomes for vulnerable borrowers
In 2025 lenders using NestEgg’s platform will prevent £250 million of financial harm affecting the top 20% most deprived areas. This is possible due to NestEgg’s win at the FinTech Scotland’s Consumer Duty Challenge. The challenge has accelerated NestEgg’s Machine Learning so we can better identify vulnerable borrowers, and, of course, act on those findings.…
Read MoreCombining data for better loan decisions
Combining data from Open Banking, Credit Bureau and other data sources ensures broader, more accurate affordability assessment. Open Banking on its own can lead to an increased decline rate, even though credit risk might be reasonable. For example, an applicant with a bounced Direct Debit or Standing Order might be viewed as being more likely to…
Read MoreNestEgg joins the Financial Regulation Innovation Lab Consumer Duty Challenge
We’re thrilled to be part of the Financial Regulation Innovation Lab’s Consumer Duty Challenge. On 5 November, we joined other participants, industry partners, and experts in Glasgow to explore innovative solutions to address issues affecting both large and small financial institutions. The shared focus and fresh approaches revealed during the event were inspiring, providing valuable…
Read MoreDrive lower risk loan applications with soft credit checks
For borrowers who are conscious of their credit scores, soft credit checks offer a practical and appealing solution. This process allows individuals to determine their likelihood of loan approval without negatively impacting their credit score (unlike hard credit checks). This is particularly beneficial for those with variable-rate financial products, such as mortgages, where even a slight…
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