Synchrony Financial joins R3

Synchrony Financial joins R3

Blockchain consortium R3's mission to extend its membership base across the full spectrum of financial services has been boosted by the arrival of US consumer finance outfit Synchrony Financial to its roster.

Synchrony Financial - one of the largest providers of private label credit cards in the United States - joins more than 60 of the world's biggest FS players - including banks such as Goldman Sachs, insurance outfit MetLife and data firm Thomson Reuters - as an R3 member.

Synchrony Financial executive VP and CIO, Carol Juel, says: “Having access to the R3 network and research will be valuable as we think through the many opportunities for blockchain to be leveraged across the consumer finance landscape.”

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