Regions Bank has recently been recognized by FORTUNE® magazine as one of America’s Most Innovative Companies for 2024. The FORTUNE list, which is now in its second year, highlights companies that are on the forefront of innovation in the U.S.
The methodology for selection is based not exclusively on technology, though this is included. Developed by FORTUNE and Statista, the rankings are determined by evaluations in three areas:
- Product innovation – Examines a company’s products and services for design, usability and more
- Process innovation – Looks at a wide range of processes in a company, such as procurement, sales and marketing
- Innovation culture – 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 John Turner. “Throughout the bank, we are committed to leveraging our experience and insights in ways that help customers build financial confidence and reach their goals. From individual consumers to small businesses, major corporations, and people investing for the future, Regions’ clients benefit from how our focus on innovation enhances the customer experience and creates better results.”
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.
Regions Chairman, President and CEO John Turner
Defining Innovation
While you can define innovation in numerous ways, one important one for Regions is working to make banking easier, simpler and more convenient. Over the past year, Regions has introduced and enhanced a variety of products and services that exemplify the innovative culture at Regions, doing this while also focusing on building a culture that honors its people for their innovative approaches and ideas.
Product Innovation
Process Innovation
Innovation Culture
“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.”