MADISON, Wis.–Clutch, a fintech that offers digital loan and deposit origination solutions, said it has launched “Protection Products: Plan Selection” in partnership with TruStage.
According to the company, the new offering automates plan selection, eligibility filtering, and pricing for GAP and debt protection/credit insurance.
Using Clutch’s Protection Products: Plan Selection, the organizations said applicants applying for a personal loan, auto loan or credit card via a credit union are now able to view live protection options, understand eligibility instantly, and select coverage on the spot.
Clutch is backed by TruStage Ventures, a venture capital company that invests in fintech.
“This launch reflects our ongoing commitment to driving digital transformation in the credit union ecosystem,” Corrin Maier, VP-lending payment protection at TruStage, said in a statement. “By embedding real-time product selection and automated eligibility into Clutch’s intuitive lending flow, we’re enabling credit unions to serve their members faster, more accurately, and with greater confidence.”
Removing the ‘Bottleneck’
Added Tamanna Kottwani, head of Product at Clutch, “Manual follow-up has long been a barrier to protection product adoption. This new capability removes that bottleneck, allowing credit unions to improve attach rates and accelerate funding – all while reducing back-office workload.”
