Synchrony and Ally Financial have reached a definitive agreement for Synchrony to acquire Ally’s point-of-sale financing business. This acquisition includes $2.2 billion of loan receivables and relationships with 2,500 merchant locations and 450,000 active borrowers, the companies said in a Friday (Jan. 19) press release. It will allow Synchrony...
Now that holiday spending is done, you might resolve to take control of your finances in the new year. PYMNTS’ Provider Ranking of Digital Banking Apps can help you decide what your options are to start fresh. Each month, we track metrics in the digital...
Managing your finances has never been easier, with smartphones closing the gap between you and your money. But with a plethora of apps to choose from, deciding where to park your cash can be daunting. PYMNTS Provider Rankings of Digital Banking offers you a way...
Many apps slipped in PYMNTS’ Provider Ranking of Digital Banking this month. Revolut secured the top spot, beating Chime down a few rankings. Let’s get into the scores. The Top 5 Revolut won this month’s top spot at No. 1 with a perfect score of...
January 19, 2024
Synchrony and Ally Financial have reached a definitive agreement for Synchrony to acquire Ally’s point-of-sale financing business. This acquisition includes $2.2 billion of loan receivables and relationships with 2,500 merchant locations and 450,000 active borrowers, the companies said in a Friday (Jan. 19) press release. It will allow Synchrony to enhance its presence in the home improvement and health […]
June 13, 2023
The banking industry is facing several challenges concerning consumer deposits, according to Jennifer Piepszak, co-CEO of JPMorgan Chase’s consumer and community banking unit. Piepszak has predicted that consumer deposits will be...
January 18, 2022
Software-as-a-Service (SaaS) platform Ally is collaborating with payments company Square to provide clients with streamlined transactions and deliveries. “Through this partnership, Ally and Square will offer restaurant, retail, and eCommerce...
February 22, 2017
Insert your own car/road/looming accident analogy here, and then take a look at auto loans. While consumer confidence may be good, the stock market is at new highs and wages...
