TruStage™ Payment Guard Insurance selected as a 2024 Finovate Awards finalist
MADISON, Wis. — TruStage Payment Guard Insurance has been named a 2024 Finovate Awards finalist for "Best Insurtech Solution." For over a decade, the Finovate Awards have recognized leading banks, fintech firms, accelerators and individuals driving fintech innovation forward and bringing new ideas to life.
Selected for driving innovation with new solutions in the insurtech space, TruStage Payment Guard is a first-of-its-kind insurance solution built for digital lenders. For decades, lending insurance has played a critical role in consumer credit. As loans become digitized, Payment Guard is the first digital lending insurance (DLI) embedded solution to provide coverage for a fully digital lending event. Designed to be a component of the loan, Payment Guard adds an extra layer of protection for lenders and borrowers. Since its initial launch, the solution has successfully provided a financial backstop to over $3.75M in aggregate loan balances that may help lower their risk of going into default, protecting over $575M in loan balances¹.
"TruStage Payment Guard is designed to help mitigate risk for lenders and borrowers alike by embedding loan payment protection as a part of the loan product itself, automatically — and seamlessly — protecting both in case of covered involuntary job loss or disability," said Danielle Sesko, TruStage director of Product Management. "We are honored to be selected as a 2024 Finovate Awards finalist for the second year in a row and to be named alongside so many of the industry’s best and brightest."
"We are proud to recognize the 2024 Finovate Awards finalists, highlighting the organizations that are driving innovation forward and the individuals who are bringing new ideas to life," said Finovate Vice President, Greg Palmer. "Congratulations to TruStage Payment Guard for being named a 2024 finalist. After seeing them on stage at FinovateSpring earlier this year, it’s not a surprise to me at all that our judges selected them for the final round. We look forward to announcing this year’s winners at FinovateFall 2024 in New York in September."
For more details, please visit informaconnect.com/finovate-industry-awards.
To learn more, visit trustage.com/business-solutions/lending/payment-guard.
About TruStage
TruStage is a financially strong insurance, investment and technology provider, built on the philosophy of people helping people. We believe a brighter financial future should be accessible to everyone, and our products and solutions help people confidently make financial decisions that work for them at every stage of life. With a culture rooted and focused on creating a more equitable society and financial system, we are deeply committed to giving back to our communities to improve the lives of those we serve. For more information, visit trustage.com.