In this month’s PYMNTS Provider Ranking of Digital Banking Apps, all movement came from the lower half of the rankings. Acorns and Ally are making moves upward to compete with the others, while Empower and Albert are falling down. Check below to see how the...
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...
July 17, 2024
Ally Financial reported Wednesday (July 17) that its net charge-offs (NCOs) in the second quarter rose in comparison to the same quarter a year earlier, due in part to losses from loans made when the price of cars peaked about two years ago. While its net charge-offs of $435 million were up from $399 million […]
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...
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...
