Alabama is on the map for America's most innovative companies thanks to Regions Bank, which this week Fortune magazine named the 200 companies in its second annual report. America's Most Innovative Companies 2024 list.

For ranking analysis and selection, FORTUNE and Statista Rated The three core pillars are product innovation, process innovation, and innovation culture. They looked at almost every company headquartered in the United States – over 25,000 companies.

Regions ranked 140th overall out of the top 200 companies. It placed 91st in product innovation, 148th in process innovation and 130th in company culture.

Regions says it defines innovation as making banking simpler and more intuitive for all customers and clients who interact with its products and services. Of the categories considered in the Fortune index, Regions has recently made efforts that relate to each one.

In terms of process innovation, strengthen the signature Regional Green Print The accumulation of experience and the introduction of trust-building financial tools such as Early Pay and Regions Overdraft Grace are standout innovations from the bank.

Product innovation, another important aspect of FORTUNE's ranking, Visa Commercial Pay MobileWe provide convenient and secure payment solutions for all your clients and customers.

When it comes to fostering an innovative culture, Regions is focused on business growth and: Giving back Every year, the company provides community outreach to the cities and towns where its employees live and work. Allocate a whole weekThe company has established a fund called “Evergreen” to recognize the contributions of its employees.

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“Our customers see Regions' commitment to innovation every day, not only through the technology they can afford to own in the palm of their hand, but also through the insightful, customized service we provide,” said John Turner, Regions chairman, president and CEO.

“Across the bank, we are focused on leveraging our experience and insight to help customers feel financially confident and achieve their goals. From individual consumers to small businesses, large enterprises and people investing in their future, Regions' clients benefit from our focus on innovation, which enhances the customer experience and drives better outcomes.”

As Fortune magazine points out, “Innovation isn't just a nice-to-have: Nearly every company on this list has posted revenue growth over the past three years.”

“Innovation is at the heart of service excellence,” Turner concluded. “It's an essential component in delivering on our mission to make life better for the people and places we serve.”

In addition to its latest ranking of America's top innovative companies, the influential media outlet also named Regions Bank to its Fortune 500 list for consecutive years 2023 and 2024. 2024.

Grayson Everett is the state and politics editor for Yellow Hammer News. You can follow him on Twitter. Grayson