10 Reasons to Migrate from ALD to NestEgg

Are you looking to replace ALD?

More than a dozen UK credit unions are now live with NestEgg or in the process of on-boarding.

Chances are, we can get you up-and-running within two months.


Why migrate from ALD to NestEgg?

More accurate decisionsThe NestEgg Decision Engine is more comprehensive and more precise than ALD. Deliver the proportion of automatic accepts, declines and refers to meet your bad debt tolerances.

Tailored to meet your needsChoose from different rules, including CCJs, defaults, missed payments, indebtedness and credit scores.

Focussed on financial healthWe use all-round financial health as the basis for credit assessment. At a glance, loans officers can see how applicants are borrowing, spending and saving. Financial health can be assessed over time.

Open BankingUsed to derive a 'Spend' Financial Health Indicator using the 50/30/20 budgeting rule. Spotlights gambling, high cost credit, bounced payment and debt collecting activity.

spend FHI2

Affordability assessmentProvides an indebtedness score, confirming applicant’s income. Alerts are triggered if income has fallen in the last 3 or 12 months.

Affordability assessment

Suggests alternative offersFor example, an application for £1,500 might pass at £4,000, or vice versa.

Alternative Offer

Move 'declines' to 'accepts'Our decision engine knows why a loan is declined. Specific and relevant tips are sent to a declined applicant. They can take the required actions to visibly improve their credit profile and be accepted for a loan next time.

Integrates with your website & core systemHook up your own application forms or use NestEgg’s Decision Workflow. An open API enables integration with your core banking platform.

We work as partners to deliver your strategyOur software is flexible to meet different priorities. Clients benefit from our extensive technology and credit assessment experience. We co-design with responsible lenders. NestEgg provides lending insights based on data going through the decision engine, for example on credit card consolidation and mobile phone defaults.

NestEgg is Software-as-a-ServiceSubscribe to our software on a monthly basis. No lock-in. Discounts for annual contracts when you're ready. Services are hosted and maintained by NestEgg and accessible from a web browser or API. Benefit from continual upgrades at no extra cost. No restrictions on the number of branches or users.

Ready to find out more?

Schedule a demo and find out whether the Decision Engine is right for you.

Not sure? Learn more about the Decision Engine and Application Workflow