American Express and fintech GreenSky reveal new strategic alliance

By Ben Mouncer
American Express has revealed a new strategic alliance with US-based fintech GreenSky, givingcustomers access to itsinnovative solutions. The multi-fac...

American Express has revealed a new strategic alliance with US-based fintech GreenSky, giving customers access to its innovative solutions.

The multi-faceted partnership will help merchants grow their businesses and give consumers greater flexibility in financing their purchases via enhanced digital payments and financing capabilities.

GreenSky's technology will give select American Express customers options to finance large purchases in a paperless environment, with customers who apply for installment loan financing via its mobile app, online or over the phone, usually receiving a decision and transaction within a minute.

See also:

"American Express is committed to backing businesses and their customers," said Stephen Squeri, Chairman & CEO of American Express. "Our partnership with GreenSky, a fast-growing and innovative fintech company, will grant more merchants access to leading payment technology and financing solutions to enhance their customer experience and close more sales."

David Zalik, CEO and Chairman of GreenSky, added: "We’re excited to work with American Express, a global leader in the payments industry that is known for its commitment to providing exceptional value to its customers. We’ve long admired American Express and all that the brand stands for.

"Combining our industry-leading technology platform with the security and backing of American Express will allow us to continue innovating to meet evolving customer needs."

Since GreenSky's inception, over 1.7mn consumers have financed over $12bn of commerce using its real time 'apply and buy' technology.


Featured Articles

How digital twins unlock enterprises’ sustainability efforts

With sustainability increasingly on corporate and government agendas, over half of enterprises believing digital twin technology is critical to ESG efforts

Avast: Cybercriminals use common apps to lure victims

Two out of three cyber threats now leverage social engineering, with attackers using common applications from Microsoft and Adobe to distribute malware

World Password Day: Study shows enthusiasm for passwordless

Over half of global respondents told a study that they are excited about passwordless authentication options like biometrics, passkeys, or security keys

SAP to accelerate AI innovation with IBM Watson

AI & Machine Learning

Half of organisations fell victim to ransomware attacks

Cloud & Cybersecurity

Nike and Cognizant expand their relationship into technology

Digital Transformation