Regions Bank Recognized by Fortune as One of America’s Most Innovative Companies
Bank is committed to helping people and businesses build financial success through personalized service.
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“Our customers see Regions’ approach to innovation every day, not only through the technology in the palm of their hands but also through the insightful, customized services we deliver,” said
The methodology for selection developed by FORTUNE and Statista focuses on three key areas:
- Product Innovation: This examines a company’s products and services for design, usability and more.
- Process Innovation: This examines a wide range of processes within a company, such as procurement, sales and marketing.
- Innovation Culture: This measures the creativity and inherent sense of entrepreneurship within a company, primarily based on associate/employee evaluations.
“Our customers see Regions’ approach to innovation every day, not only through the technology in the palm of their hands but also through the insightful, customized services we deliver,” said Regions Chairman, President and CEO
Defining Innovation:
Regions sees innovation, in part, as enhancements that make banking simpler and more intuitive. Over the past year, the bank introduced or enhanced a variety of products and services exemplifying an innovative culture. Examples include:
Product Innovation
- Expanding integrated billing and payment opportunities for business clients
- The launch of Visa Commercial Pay Mobile, an enhanced commercial card solution, that allows Treasury Management clients to make quick, easy and secure payments from the convenience of a digital wallet
Process Innovation
- Enhancing the signature Regions Greenprint® experience, which helps consumers and small businesses develop a pathway toward financial confidence via ongoing digital and in-person support
- Providing innovative products that help customers confidently manage their finances, such as Early Pay and Regions Overdraft Grace
Innovation Culture
- Every year, Regions sets aside a full week, called Evergreen, to honor the contributions of its associates.
- Regions combines business growth with a focus on giving back to the cities and towns where the company’s associates live and work.
“Innovation is at the heart of exceptional service,” Turner concluded. “It’s an essential component of fulfilling our mission to make life better for the people and places we serve.”
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