TruStage™ Payment Guard recognized as a 2024 Benzinga Global Fintech Awards Runner-Up
MADISON, Wis. — TruStage™ Payment Guard insurance has been named a 2024 Benzinga Global Fintech Awards runner-up in the “Emerging Insurtech” category. With over 25 categories, this prestigious annual program celebrates the brightest, most innovative and impactful players in the fintech industry.
Payment Guard is an embedded insurance solution built for digital lenders, providing coverage for fully digital lending events while adding an extra layer of protection for borrowers and lenders. Unlike traditional lending insurance, Payment Guard integrates easily and quickly, fitting most consumer lending categories without modifying loan terms. This unique product helps borrowers make loan payments in the event of unexpected income loss, addressing leading causes of consumer defaults like job loss and disability. Since its launch, Payment Guard has successfully provided a financial backstop to over $17 million in aggregate loan balances that may help lower their risk of defaulting, protecting over $470 million in loan balances.¹
“Today's fusion of technology and finance offers unprecedented convenience, but a critical gap in the consumer credit ecosystem has emerged, one traditionally filled by traditional insurance,” said Danielle Sesko, TruStage Director of Product Management. “As loans become digitized, TruStage Payment Guard emerges as a pioneer in digital lending innovation, offering coverage for a fully digital lending event while effectively mitigating risk for lenders and borrowers. We are proud to be selected as a 2024 Benzinga Fintech Deal Day Awards runner-up, underscoring our commitment to building brighter financial futures for all.”
Winners from each category will be announced live on November 19 at Benzinga’s Fintech Deal Day in New York City. The gathering will bring together fintech innovators, investors and industry leaders for a transformative experience that blends cutting-edge financial technology insights with unparalleled networking opportunities. For more information about the awards and event, please visit https://www.benzinga.com/fintech-awards.
Learn more about TruStage 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 www.trustage.com.