Regions Bank is a leading regional bank headquartered in Birmingham, Alabama, serving customers across the South, Midwest and Texas. As one of the nation’s largest full-service providers of consumer and commercial banking, wealth management and mortgage products and services, Regions is committed to making life better for its customers, associates and communities.
At Regions Bank, everything starts and ends with the customer.
The bank is modernizing its core platform with Temenos Core to deliver tailored products and services, reduce friction, and respond to customer needs faster.
Moving beyond legacy technology
Regions wanted to move beyond the limitations of its legacy environment, where introducing new products, features and customer experiences required significant programming, testing and time.
The bank recognized that staying close to customers requires the ability to adapt quickly, deliver innovation faster and operate on a technology foundation built for flexibility, scalability and resilience.
We need to be able to be much closer to our customer much faster.”
Paul Weiss, Chief Transformation Officer, Regions Bank
Embracing SaaS to focus on customer value
Regions selected a Temenos SaaS deployment model to allow its teams to focus on creating customer value rather than operating technology platforms.
The model provides scale, resilience and security while ensuring the bank can continuously benefit from platform innovation and new capabilities. Paul explains, “We want to be working with the platform to deliver client value. We don’t want to be spending our time operating the platform.”
Accelerating innovation through modernization
As their modernization journey progresses, Regions is seeing significant reductions in the time and cost required to bring new products and services to market. A configurable core and open architecture are helping the bank accelerate innovation while strengthening its ability to respond to changing customer needs.
Exploring the potential of AI
Paul believes AI has the potential to significantly reduce the complexity of core modernization by accelerating development, integration and testing activities.
Looking forward, he sees AI helping banks modernize more quickly and efficiently than has previously been possible.
“The time for core modernization is now. AI will help you get there faster and at a much lower cost than it has been in the past.”
