FinTech Futures: Top five news stories of the week – 10 January 2025
Our pick of the top fintech news stories this week includes Finastra, Accenture, Solaris and more.
Ally Financial
Ally Financial lays off “less than 5%” of total workforce
Ally is also exploring “strategic alternatives” for its credit card business and ending mortgage originations.
Ally Financial reportedly considering sale of credit card business
Ally Financial first acquired the business, then known as Fair Square Financial, for $750 million in 2021.
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 sells POS financing business to Synchrony
Synchrony says the acquisition will also include $2.2 billion in loan receivables.
Ally Financial CEO Jeffrey Brown to step down
Brown is due to depart the Michigan-based online bank on 31 January 2024.
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