Synchrony Bank

0 standards supported

Overview

Synchrony Bank is NYSE: SYF + US-based consumer finance + credit cards + one of US's largest consumer financial services + retail credit card issuers via co-branded cards with Walmart + Sam's Club + Amazon + Lowes + Gap + JCPenney + ~80M+ active Synchrony credit card accounts [1, us-cro].

History

1932 — General Electric Capital Corporation founded as US consumer finance subsidiary of General Electric.

~2005 — GE Money Bank brand launched (US-based consumer bank; GE consumer-finance lineage).

Jul 31 2014 — Synchrony Financial NYSE IPO spin-off from General Electric Capital Corp + Nov 2015 GE divestment complete + Synchrony Bank rebrand consolidation.

Ownership & operator

Operating entity: Synchrony Financial Synchrony Bank (US-based consumer finance + credit cards; NYSE: SYF).

Major shareholders: Vanguard + BlackRock + State Street + US + international retail + institutional + foreign investors free float post-Nov 2015 GE full divestment.

Regulators: OCC + Federal Reserve + FDIC + Utah state regulators + national regulators.

Technical integration

Synchrony Bank mobile app (iOS + Android; ~80M+ active Synchrony credit card accounts) + synchrony.com online + Synchrony Bank online-only US digital bank + Synchrony co-branded retail credit cards via Walmart + Sam's Club + Amazon + Lowes + Gap + JCPenney + 65+ retail partners; ACH + FedNow + EMV.

Implementations & partners

Synchrony co-branded retail card partners: [[walmart-pay]] (Walmart Pay; Walmart US-based retail mobile wallet; Synchrony Walmart-anchored co-brand credit cards) + [[amazon-pay]] (Amazon Pay; Amazon US-based retail mobile wallet; Synchrony Amazon-anchored co-brand credit cards) + [[lowes]] (Lowes US-based retail; Synchrony Lowes-anchored co-brand credit cards) + [[gap-inc]] (Gap Inc; US-based retail; Synchrony Gap-anchored co-brand credit cards) + [[jcpenney]] (JCPenney; US-based retail; Synchrony JCPenney-anchored co-brand credit cards).

Major US-based digital bank + consumer finance + credit card competitors: [[ally-bank-app]] (Ally Bank; NYSE: ALLY; US-based online commercial bank + auto finance + securities + credit cards) + [[discover-financial]] (Discover Financial Services; NYSE: DFS; US-based digital bank + Discover card payment scheme; ~70M+ Discover Card US cardholders) + [[capital-one]] (Capital One; NYSE: COF; US-based commercial bank + credit cards) + [[amex]] (American Express; NYSE: AXP; US-based card payment scheme + premium credit cards) + [[chime]] (Chime; NASDAQ: CHYM; ~22M+ Chime customers) + [[marcus-by-goldman-sachs]] (Marcus by Goldman Sachs; Goldman Sachs Bank USA US-based digital bank) + [[chase-mobile]] (Chase Mobile; JPMorgan Chase US; NYSE: JPM) + [[bank-of-america]] (Bank of America; NYSE: BAC) + [[wells-fargo]] (Wells Fargo; NYSE: WFC) + [[citi-mobile]] (Citi Mobile US; Citigroup NYSE: C) + [[us-bank]] (US Bank; NYSE: USB) + [[pnc-bank]] (PNC Bank; NYSE: PNC).

Regulators: OCC + Federal Reserve + FDIC + Utah state regulators + national regulators.

Status

Active, NYSE:SYF + US-based consumer finance + credit cards + one of US's largest consumer financial services + retail credit card issuers via co-branded cards with Walmart + Sam's Club + Amazon + Lowes + Gap + JCPenney + ~80M+ active Synchrony credit card accounts [1, 2].

Sources

1 Synchrony — official
2 Synchrony — Wikipedia
us-cro In-corpus: reports/countries/US-united-states.md

Source

Biography extracted from synchrony-bank.md. See matrix.md for standards-support matrix if present.