Madison, WI (January 15, 2025) |
TruStage™ has been named a gold winner in the Most Innovative Product category in the Best in Biz Awards 2024 for its TruStage™ Payment Guard Insurance product.
“We’re honored the Best in Biz Awards recognized the innovative insurance design of Payment Guard, which uniquely protects both the lender and the borrower in the event of an unexpected loss of income,” said Danielle Sesko, director, Product Management at TruStage. “In an increasingly crowded digital lending marketplace, Payment Guard helps digital lenders build confidence, differentiate themselves and can help reduce their risk. Long-term, this may help improve financial equity and inclusion by influencing lenders’ underwriting models to adjust by lowering borrowers’ credit risk.”
Payment Guard is a unique embedded lending insurance solution providing coverage for a fully digital lending environment. Designed to be a component of the loan, Payment Guard is designed to seamlessly and easily, adding an extra layer of protection for both borrowers and lenders in the event of covered unexpected income loss, like job loss or disability. Now protecting over $450 million in aggregate loan portfolios1, Payment Guard is focused on providing coverage to digital lenders and fintechs, as well as their underlying lending capacity providers.
The Best in Biz Awards are the only independent business awards program judged each year by prominent editors and reporters from top-tier publications in North America. Since the program’s inception in 2011, winners in Best in Biz Awards have been determined by independent judging panels assembled each year from some of the most respected national and local newspapers, TV and radio outlets, and business, consumer, technology and trade publications in North America. According to Best in Biz Awards, the 2024 judging panel included, among others, writers and contributors to Barron’s, Chemical & Engineering News, Computerworld, Healthcare Innovation News, Los Angeles Times, Milwaukee Journal Sentinel, Travel Weekly and Wired.
Best in Biz Awards 2024 honors were conferred in 100 different categories, including Company of the Year, Fastest-Growing Company, Most Innovative Company, Best Place to Work, Customer Service Department, Executive of the Year, Marketing Executive, Most Innovative Service, Enterprise Product, Best New Product, App, CSR Program, Environmental Program, Website and Film/Video of the Year. For a full list of gold, silver and bronze winners in Best in Biz Awards 2024, visit: http://www.bestinbizawards.