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Synchrony Announces Executive Leadership Changes to Advance Digital Growth, Customer Experience and AI Momentum

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STAMFORD, Conn., June 29, 2026 /PRNewswire/ — Synchrony (NYSE: SYF), a premier consumer financial services company, today announced executive leadership changes in its Digital platform and Technology and Operations organizations.

Carol Juel has been named Executive Vice President and Chief Executive Officer of Synchrony’s Digital platform, reporting to Brian Doubles, President and Chief Executive Officer of Synchrony.

Juel succeeds Bart Schaller, who has announced his plans to retire from the company after a 35-year career. Juel will be responsible for advancing innovation, customer experience and consumer financing capabilities for digital-first partners including Amazon, PayPal, Venmo and Verizon. She most recently served as Synchrony’s Executive Vice President, Chief Technology and Operating Officer, where she led the company’s Technology and Operations organizations and drove modernization of its platforms and customer experiences.

“Bart has been an extraordinary leader for our company, and we’re grateful for his lasting contributions,” said Doubles. “Carol is the right leader to build on that foundation by leading our Digital platform. She brings a digital-first mindset as well as deep technology and innovation experience to help us deliver even more for our partners and customers.”

Synchrony also announced that Florin Arghirescu has been promoted to Executive Vice President and Chief Technology Officer, reporting to Doubles. He will lead Synchrony’s Technology team and be responsible for enterprise technology strategy and execution, including the company’s AI agenda, engineering and platform capabilities. He brings more than 25 years of experience across technology and product development leadership roles.

DJ Casto will expand his responsibilities and become Executive Vice President, Chief People and Operations Officer, continuing to report to Doubles. Casto will continue to lead Human Resources and will assume responsibility for Operations, including servicing, collections and customer care, with a focus on operational excellence and building on our strong customer experience capabilities.

“Florin has the technical depth and enterprise perspective to accelerate our AI momentum and advance our technology strategy, and DJ has a proven track record developing talent and leading large teams that support customers every day,” Doubles added. “Together, they will help us scale innovation and strengthen the capabilities and culture that make Synchrony a great place to work.”

“As a company that helps power financial flexibility and access for millions of Americans and their families, Synchrony plays an important role in everyday lives and the broader economy,” Doubles said. “These leaders will help us continue delivering for our partners and customers, accelerate AI adoption, advance emerging areas like agentic commerce, and build the talent and platforms that will drive our next phase of growth and value for our stakeholders.”

About Synchrony

Synchrony (NYSE: SYF) is a leading consumer financing company that has been at the heart of American commerce and opportunity for nearly a century. Synchrony delivers credit and banking products that empower tens of millions of consumers to improve their financial lives and access what matters most. Leveraging innovative solutions that are shaping the future of retail commerce, Synchrony supports the growth and success of some of the nation’s most respected brands, alongside hundreds of thousands of small and midsize businesses, including health and wellness providers. Committed to excellence in service and culture, Synchrony is honored to be ranked the #1 Best Company to Work For® in the U.S. by Fortune magazine and Great Place to Work®. For more information, visit www.synchrony.com.

Forward-Looking Statements

This press release includes certain forward-looking statements as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are subject to the “safe harbor” created by those sections.  Forward-looking statements may be identified by words such as “will” or words of similar meaning.  The forward-looking statements convey our expectations related to the executive leadership changes, business and product developments, and growth plans, and are subject to inherent uncertainties, risks and changes that are difficult to predict, may change over time and many of which are beyond our control. As a result, actual results could differ materially from those indicated in these forward-looking statements.   For these reasons, we caution you against relying on any forward-looking statements, which should also be read in conjunction with our public filings, including under the heading “Risk Factors Relating to Our Business” and “Risk Factors Relating to Regulation” in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, as filed on February 6, 2026. Any forward-looking statement speaks only as of the date on which it is made and we undertake no obligation to update any forward-looking statement, except as otherwise may be required by law.

Investor Relations:
Kathryn Miller
Synchrony
kathryn.miller@syf.com
(203) 585-6291

Media Relations:
Ashley Tufts
Synchrony
ashley.tufts2@syf.com
(203) 216-6277

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Simpaisa and Tencent Cloud Collaborate on Strategic Cloud Transformation to Accelerate Infrastructure Optimization and Innovation

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ISLAMABAD, Sept. 3, 2026 /PRNewswire/ — Tencent Cloud, the cloud business of global technology company Tencent, today announced a strategic collaboration with Simpaisa, a fintech and digital payments company, to explore a large-scale cloud transformation aimed at optimizing infrastructure efficiency while supporting the operational, security and regulatory requirements of financial services applications.

Through the collaboration, Simpaisa is working with Tencent Cloud to assess a future-ready cloud environment spanning its broader fintech technology ecosystem and supporting infrastructure. The initiative is designed to support the company’s long-term objective of improving infrastructure efficiency while maintaining the resilience, governance and reliability standards essential to its operations.

Driving Infrastructure Optimization and Cloud Transformation

As Simpaisa’s business and technology footprint continues to expand, optimizing cloud infrastructure costs while maintaining the performance, reliability and security required for mission-critical fintech operations has become an increasingly important strategic priority. At the same time, the company must continue to safeguard sensitive financial and transaction data while meeting evolving operational and regulatory obligations.

To support these objectives, Simpaisa is working with Tencent Cloud to validate a target cloud architecture that can support its evolving operational and technology requirements. Leveraging Tencent Cloud’s financial-grade infrastructure, integrated security capabilities, and technical expertise, the collaboration enables Simpaisa to assess a modern operating model designed to support future growth, operational resilience, and long-term innovation.

As part of the collaboration, Tencent Cloud is providing cloud infrastructure expertise, migration support, and architectural guidance to help validate the proposed target environment. The assessment spans compute workloads, Kubernetes-based applications, databases, messaging infrastructure, monitoring services, and security capabilities, including a proposed environment of more than 50 compute instances, over 50 Kubernetes pods, and multiple database technologies supporting Simpaisa’s broader fintech platform.

The initiative also evaluates cloud-native security controls, enabling Simpaisa to assess security, compliance, and operational requirements alongside technical and business objectives. This approach helps ensure infrastructure optimization goals can be pursued without compromising security posture or regulatory obligations.

Rachel Xie, General Manager of Tencent Cloud MENA, Operations, Channel Development and Marketing of Tencent Cloud International, said: “As digital payments and financial services continue to evolve, fintech companies are increasingly looking for technology platforms that can support growth, operational efficiency, security, and regulatory obligations simultaneously. We are pleased to collaborate with Simpaisa as it explores its cloud transformation journey. By leveraging Tencent Cloud’s infrastructure capabilities, financial-grade technology foundation and security expertise, we look forward to supporting Simpaisa in building a scalable and resilient technology environment that can support innovation and long-term growth in the digital financial services sector.”

Saqlain Raza, Chief Technology Officer of Simpaisa, said: “We are pleased to collaborate with Tencent Cloud on this strategic cloud transformation initiative. Tencent Cloud’s financial-grade technology foundation, cloud infrastructure capabilities and security expertise provide us with a strong platform to evaluate new opportunities for infrastructure optimization, modernization and innovation. Through this collaboration, we look forward to strengthening our technology foundation and supporting the continued growth of our fintech business.”

Beyond supporting Simpaisa’s cloud transformation journey, the collaboration reflects the growing importance of cloud modernization across the fintech sector as organizations seek to optimize infrastructure efficiency while maintaining high standards of security, reliability and compliance. Tencent Cloud remains committed to supporting fintech companies with cloud technologies, security capabilities, and industry expertise that enable digital transformation, operational excellence and sustainable growth.

Simpaisa Expands Market Presence in Saudi Arabia

The collaboration comes as Simpaisa continues to expand its market presence across key growth markets. Most recently, Simpaisa has expanded into Saudi Arabia through the incorporation of Simpaisa Arabia, a local entity established to offer the same suite of digital payment services to businesses and financial institutions in the Saudi market.

The Saudi Arabia expansion represents an important step in Simpaisa’s broader regional growth strategy, extending its market presence and enabling the company to bring its payment collection and payout capabilities to customers in another key market in the region.

About Tencent Cloud

Tencent Cloud, one of the world’s leading cloud companies, is committed to creating innovative solutions to resolve real-world issues and enabling digital transformation for smart industries. Through our extensive global infrastructure, Tencent Cloud provides businesses across the globe with stable and secure industry-leading cloud products and services, leveraging technological advancements such as cloud computing, Big Data analytics, AI, IoT, and network security. It is our constant mission to meet the needs of industries across the board, including the fields of gaming, media and entertainment, finance, healthcare, property, retail, travel, and transportation. 

About Simpaisa

At the crossroads of innovation and impact, Simpaisa pioneers secure, disruptive, and innovative technology infrastructure, amplifying financial inclusivity. They specialize in digital payments services, streamlining the collection of payments and distribution of payouts for our clients. By providing a seamless platform and single API integration, Simpaisa enables businesses to efficiently accept payments from their customers while ensuring secure and timely disbursement of funds to suppliers, partners, and stakeholders.

With customizable solutions tailored to the specific needs of each client, they optimize financial processes, enhance cash flow management, and foster growth for businesses across various industries. This seamless integration simplifies the payment process for merchants, eliminating the need for multiple bank accounts and disparate systems, while also enhancing the end-user experience with secure and streamlined transactions.

Registered in Singapore, Simpaisa leverages its expertise in the frontier markets of South Asia and North Africa. Through their cutting-edge payment solutions, they empower businesses and financial institutions to improve lives and support countless families, forging pathways to achieve seamless accessibility and economic prosperity. Simpaisa has also recently expanded its market presence into Saudi Arabia through its newly incorporated entity, Simpaisa Arabia, which offers the same suite of digital payment services to businesses and financial institutions in the Saudi market.

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XTransfer Secures In-Principle Approval for Retail Payment Services Licence from UAE Central Bank

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Strengthens Trade Connectivity Across the Middle East and Africa

DUBAI, UAE, Sept. 3, 2026 /PRNewswire/ — XTransfer, World’s Leading B2B Cross-Border Trade Payment Platform, is pleased to announce that it has secured in-principle approval for a Retail Payment Services Licence from the Central Bank of the UAE, marking another important milestone in the company’s global regulatory expansion and growing presence in the Middle East.

Upon completing the pre-issuance conditions, the licence will enable XTransfer to serve mainland UAE clients and further expand its regulated B2B payment services in the country. Through this licence, XTransfer aims to support businesses engaged in international trade with compliant, secure and efficient payment solutions tailored to cross-border transactions.

The UAE is a key market in XTransfer’s Middle East and Africa strategy. As a major regional trade and re-export hub, the UAE plays an important role in connecting Chinese trade with Africa and wider emerging markets. XTransfer’s presence in the UAE will further strengthen its ability to support trade flows between China, the Middle East, and Africa, providing businesses with more accessible and reliable cross-border payment services.

“Receiving conditional approval from the Central Bank of the UAE is a key milestone for XTransfer’s global regulatory expansion,” said Bill Deng, Founder and CEO of XTransfer. “The UAE is one of the world’s most important trade hubs and an essential gateway between Asia, the Middle East and Africa. This approval reinforces our confidence in the UAE market and its long-term growth potential across the region.”

Following successful licensing across major trade hubs in Asia and Europe, the UAE licence marks another important milestone in XTransfer’s international regulatory roadmap and reflects the company’s growing presence in the Middle East. XTransfer will continue to invest in regulated markets and strengthen its payment infrastructure to support SMEs and trading businesses participating in cross-border commerce.

– End –

About XTransfer

XTransfer is the world’s largest B2B cross-border trade payment platform with over US$60 billion TPV in 2025, according to CIC. Founded in 2017 as one of the first payment platforms worldwide dedicated to B2B cross-border trade, we serve the largest customer base of over 1,000,000 registered SMEs globally.

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EnergyVision accelerates growth in its home market in H1 2026

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GHENT, Belgium, Sept. 3, 2026 /PRNewswire/ — EnergyVision (ENRGY:BB), a renewable energy and electric charging company, delivered strong growth in the first half of 2026, driven by the continued expansion of its activities in Belgium.

Revenue increased 57.0% to €98.1 million, while underlying EBITDA rose 45.2% to €22.8 million and net profit grew 53.3% to €6.9 million. Growth was supported by the expansion of EnergyVision’s residential customer base, renewable energy portfolio and electric-vehicle charging infrastructure.

The solar portfolio reached 154.9 MWp and the wind portfolio 37.4 MW. The number of charging points increased by 60.4% year-on-year to 4,120. Customer satisfaction remained strong, with a Net Promoter Score of 43 and a Trustpilot rating of 4.7 out of 5.

Based on its strong first-half performance, EnergyVision raised its 2026 underlying EBITDA growth target from at least 30% to 35%. The company expects underlying EBITDA to grow by at least 40% in 2027, with more than 90% of expected 2027 underlying EBITDA already secured through existing contracts, volumes and production assets.

The unaudited interim financial statements and full press release are available at: https://investors.energyvision.be/en/reports-presentations 

Bloomberg – Euronext Brussels: ENRGY:BB

ISIN: BE0974499312

Yahoo Finance – Euronext Brussels: ENRGY.BR 

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