Synchrony

Overview

Synchrony is a prominent American consumer financial services company based in Stamford, Connecticut. Founded in 1932 as General Electric Contracts Corporation, it became an independent publicly traded company in 2014. The company specializes in a wide range of consumer financing products, including private label credit cards, promotional financing, installment lending, and loyalty programs. Its online bank subsidiary, Synchrony Bank, supports these offerings.

Synchrony issues co-branded credit cards for major retailers such as Amazon, Lowe’s, and Walgreens, delivering tailored credit solutions. Other solutions include CareCredit for healthcare expenses, digital payment platforms, and a digital gifting solution called GiftNow. With over 70 million active accounts and more than $180 billion in sales financed, Synchrony partners with respected brands to enhance shopping experiences and drive customer loyalty. The company is recognized for its dedication to innovation in payment technology and consumer finance.

Basic Information

Contact Details

• Phone: +1 203-585-6730
• Website: synchrony.com
• LinkedIn: linkedin.com/company/synchrony-financial

Key Focus Areas & Initiatives

• Consumer financing solutions
• Private label credit cards
• Promotional financing
• Installment lending
• Retail partnerships
• Co-branded credit cards
• Loyalty programs and rewards
• Digital banking & payments
• CareCredit healthcare payment solutions
• Digital payment platforms
• Digital gifting (GiftNow)
• Fintech innovation & strategic partnerships
• Mobile banking and app solutions
• Customer experience and engagement
• Fraud prevention technology
• Diversity and inclusion initiatives
• Cloud computing and digital transformation
• Real-time transaction processing
• Data-driven credit risk and analytics
• Omnichannel payment solutions
• Industry-specific financing (healthcare, home improvement, automotive, sports, retail)
• Financial literacy and education
• API integration and digital onboarding
• Market research and consumer insights

Technologies Used

• AI
• Akamai
• Akamai DNS
• Amazon AWS
• Amazon CloudFront
• Amazon Elastic Load Balancer
• Atlassian Cloud
• Biocatch
• Drupal
• Microsoft Office 365
• OneTrust
• React Redux
• Remote
• Render
• Route 53
• The Trade Desk

Affiliated Organizations & Regional Branches

• Allegro Credit
• Synchrony Bank Credit Card Services
• Synchrony for Business
• High Income Skills Academy
• Synchrony Global
• CareCredit
• Ally Lending
• Loop Commerce, Inc.