Ally Financial Inc., often referred to simply as "Ally," is a financial services company with a history dating back to 1919. Originally known as GMAC (General Motors Acceptance Corporation), it was founded as a subsidiary of General Motors to provide financing options for GM vehicles. Over the years, GMAC expanded its offerings beyond automotive financing, leading to its rebranding as Ally Financial Inc. in 2010.
Ally is a diversified financial services company that operates across various sectors, including auto financing, digital banking, home loans, and corporate finance. It provides a range of financial products and services to consumers, businesses, automotive dealers, and corporate clients.
As one of the largest auto lenders in the United States, Ally offers financing solutions for vehicle purchases and leases, supporting both new and used car sales. In addition to auto financing, Ally provides digital banking services, including online savings accounts, money market accounts, and certificates of deposit, allowing customers to manage their finances digitally.
Ally's commitment to innovation is reflected in its efforts to enhance digital banking experiences and develop user-friendly financial tools. The company's mobile app and online platform offer customers convenient ways to access their accounts, make transactions, and manage their financial goals.
Ally's evolution from a captive auto finance company to a diversified financial services provider has enabled it to offer a wide range of products to different customer segments. Its strong presence in the auto financing industry, coupled with its expanding digital banking services, positions Ally as a notable player in the financial services sector.