This collaboration means credit unions can set their own risk appetite for credit card approvals by automating limits based on the credit profile of the borrower. Optimus has been part of the Credit Union working group within ABCUL, leading to the development of a strategic framework on behalf of its members Since 2021.
Optimus Cards’ officials stated that the collaboration with NestEgg has given them a clearer understanding of what the Credit Union sector needs. The further insights from the NestEgg systems mean they can launch a flexible credit card solution for the Credit Unions space. This credit card programme will facilitate credit unions to adopt a new service to their members whilst opening a new borrowing loan book.
As a regulated CaaS (Cards-as-a-Service) provider and Principal Member of Mastercard, Optimus Cards provides payment and banking solutions to regulated and non-regulated firms, from straightforward BIN Sponsorship to programme managers, all the way through to fully managed card and banking solutions. It offers its solutions to mutual firms such as credit unions and building societies.
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