Discover Financial Services exec Michael Rhodes to take the lead at Ally Financial as new CEO
Ally Financial has been on the hunt for a new CEO since the departure of Jeffrey Brown in January.
Ally Financial has been on the hunt for a new CEO since the departure of Jeffrey Brown in January.
Synchrony says the acquisition will also include $2.2 billion in loan receivables.
Brown is due to depart the Michigan-based online bank on 31 January 2024.
A look back at some of the biggest deals this past quarter.
The deal grows Ally’s user base to 11 million across 50 US states.
Banking software vendor Temenos is understood to have laid off a number of staff across its operations in the US, including at the Trinovus and Akcelerant subsidiaries. It is also understood to be eyeing the payments business of DH Corporation, Global Transaction Banking Solution (GTBS, formerly Fundtech).
Temenos says it has gone live with its flagship T24 core banking system at a “top 20 US bank”. Banking Technology understands this is Ally Financial. The bank is also now live with the vendor’s newly-built payments hub, Temenos Payments Suite (TPS). It is “the first tier 1 bank to do so in the US”, […]