About the Company
Synchrony Financial is a leading American consumer financial service company located in Stamford. The company delivers a range of customised financial programmes across a number of industries like retail, travel, health, home, auto, etc. and also specialises in extending a line of credit to customers with banking products like Private label credit cards, Dual cards, Small instalments, to name a few.
This company was initially a part of GE Capital Retail Bank in the year 1932 that provided credit line to customers to purchase GE appliances during the Great Depression period. Later, in the year 2014, GE Capital Retail Bank announced its decision to spin off a portion of its business that was dedicated to retailing financial products like credit cards. The decision was filed with the Securities and Exchange Commission on 13th March, 2014, wherein it was mentioned that the new company would be known as Synchrony Financial. On 31st July 2014, the company started trading its shares on NYSE under the ticker symbol SYF.
As of 2021, the company continues to establish its relationship with national and regional manufacturers, healthcare providers, retailers, etc. and offers deep innovative solutions, industry expertise, and valuable data insights to proliferate businesses. Further, this company finances sales of $149 billion and holds over 75 million active customer accounts. It continues to build and invest in the future generation technology to revolutionise the digital capability between partners and customers with payment apps like SyPI (Synchrony Plug-In), voice payment with Alexa, easy credit application process with dApply, and payment solutions like SetPay.
Synchrony Financial has an employee strength of over 16,500 as of 2021 and has received a position in the Best Places To Work by Corporate Equality Index in 2020. It also made its position in the Fortune 100 Companies in 2019. In addition, this company has also won several awards in the year 2020. To name a few, Synchrony was recognised by Forbes as America’s Most JUST Companies and also sealed a spot in the Forbes’ list of Best Employers for Women in the year 2020 with a rank of 55.;