Organisations
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 can take a step back from individual loan decisions and consider the…
Read MoreLending 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 relatively small and so this information should be viewed as an indicator of trends…
Read MoreNEW FEATURE: Pinpoint repayment problems instantly
New feature: Display and organise credit accounts according to their status: Active, paid, missed payments and defaults. Benefits: Faster assessment of repayment problems. Easy to identify trends. Credit reports take a long time to read. Lots of different creditors displayed in no particular order. Reading pages of digits to figure out if credit agreements are up…
Read MoreCase Study – Castle & Crystal Credit Union
We were thrilled to enrol UK Midlands-based Castle & Crystal Credit Union as an early adopter of our Decision Engine in July 2018. Making better decisions The Decision Engine means that applicants now get a decision within seconds of hitting the Apply button. Meanwhile, the credit union gets instant access to the basis for each decision…
Read MoreAnnouncement: NestEgg Joins The Finance Innovation Lab!
We are delighted to announce that NestEgg has been selected for the 2019 Fellowship Programme at the Finance Innovation Lab. We are now working with the Lab to create a more democratic, responsible and fair financial system. Fellows are selected on the basis of their potential to positively disrupt the financial system and pioneer the…
Read MoreWhy Traditional Financial Statements Don’t Work
Money comes in. Money goes out. Calculating disposable income is hard given our tendency to spend what we earn. The Office of National Statistics has found 3 in 10 households break even at best. In many of these cases there’s a budget deficit. Citizens Advice report that 5m British adults have less than £10 left…
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