Optimus Cards and NestEgg collaborate for new credit union credit card

Wednesday 25 May 2022 12:06 CET | News

UK-based Optimus Cards has launched a credit card for credit unions and teamed with NestEgg to support automated decision-making for credit card applications.

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.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: MasterCard, credit card, risk management, credit scoring, partnership, product launch
Categories: Payments & Commerce
Companies: NestEgg, Optimus Cards
Countries: United Kingdom
This article is part of category

Payments & Commerce



Optimus Cards

Discover all the Company news on NestEgg and other articles related to NestEgg in The Paypers News, Reports, and insights on the payments and fintech industry: