Formerly GE Capital Retail Finance, Synchrony became a standalone public company in 2014. Its core business is providing consumer financing solutions through partnerships with a diverse group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations, and healthcare service providers. Key offerings include private-label credit cards, co-branded and dual-branded credit cards, and the CareCredit brand for health and wellness financing. Synchrony also operates an online bank, Synchrony Bank, which offers federally insured savings products like high-yield savings accounts and certificates of deposit (CDs) to consumers.