Wallets/ally-bank-app
Ally Bank
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Overview
Ally Bank is NYSE: ALLY + US-based online commercial bank + auto finance + securities + credit cards + one of US's largest digital-first commercial banks + ~11M+ US Ally Bank customers + founded May 2009 as GMAC ResCap successor + May 10 2010 Ally Bank rebrand 1, United States report.
History
1919 — GMAC General Motors Acceptance Corporation founded as US auto finance subsidiary of General Motors.
May 2009 — GMAC Bank renamed Ally Financial Inc post-2008 financial crisis US government bailout + GM divestiture.
May 10 2010 — Ally Bank launched as Ally Financial's US-based online commercial bank.
Apr 10 2014 — Ally Financial NYSE IPO under ticker ALLY.
Ownership & operator
Operating entity: Ally Financial Inc Ally Bank (US-based online commercial bank + auto finance + securities + credit cards; NYSE: ALLY).
Major shareholders: Vanguard + BlackRock + State Street + US + international retail + institutional + foreign investors free float (no major controlling shareholder).
Regulators: OCC + Federal Reserve + FDIC + Utah state regulators.
Technical integration
Ally Do It Right mobile app (iOS + Android; ~11M+ US Ally Bank customers) + ally.com online + Ally Bank online-only digital bank (no physical branches) + Ally Visa + Mastercard credit + debit cards + Ally Auto + Ally Invest US stock brokerage + Ally Lending; ACH + FedNow + Zelle + RTP The Clearing House Real-Time Payments.
Implementations & partners
Zelle US bank consortium member: Zelle (Zelle; Early Warning Services LLC US bank consortium P2P payment network; ~125M+ US users).
Major US banking + digital bank + payments competitors: Chase Mobile (JPMorgan Chase) (Chase Mobile; JPMorgan Chase US; NYSE: JPM; world's largest bank by market capitalization) + Bank of America (Bank of America; NYSE: BAC; US-based commercial + investment bank) + Wells Fargo Mobile + Fargo virtual assistant (Wells Fargo; NYSE: WFC; US-based commercial bank; ~70M+ US Wells Fargo customers) + Citi Mobile (Citigroup) (Citi Mobile US; Citigroup NYSE: C; US global banking group) + U.S. Bank (USB) (US Bank; NYSE: USB; US-based commercial bank) + PNC Bank (PNC Bank; NYSE: PNC; US-based commercial bank) + Truist Bank (Truist Financial; NYSE: TFC; US-based commercial bank) + Capital One Mobile (Capital One; NYSE: COF; US-based commercial bank + credit cards) + Marcus by Goldman Sachs (Marcus by Goldman Sachs; Goldman Sachs Bank USA US-based digital bank) + Chime (Chime; US-based digital bank) + Venmo (Venmo; PayPal-owned US-based P2P mobile wallet) + Cash App (Cash App; Block NYSE: SQ + NYSE: XYZ US-based P2P mobile wallet) + PayPal (PayPal; NASDAQ: PYPL; US-based global digital payment platform) + Apple Pay (Apple Pay; US-based device-anchored mobile wallet) + Google Pay (Google Pay / Google Wallet; US-based device-anchored mobile wallet).
Regulators: OCC + Federal Reserve + FDIC + Utah state regulators.
Status
Active, NYSE:ALLY + US-based online commercial bank + auto finance + securities + credit cards + one of US's largest digital-first commercial banks + ~11M+ US Ally Bank customers + founded May 2009 as GMAC ResCap successor + May 10 2010 Ally Bank rebrand 1, 2.
Sources
- 1 Ally Bank — official
- 2 Ally Financial — Wikipedia
- United States report In-corpus:
reports/countries/US-united-states.md
Source
Biography extracted from ally-bank-app.md. See matrix.md for standards-support matrix if present.