Darnell returns to Regions to build on innovative commercial card solutions for business clients.
Regions Bank on Monday announced Jay Darnell has rejoined the company to serve as head of Commercial Card and Fintech Enablement.
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Darnell will lead teams delivering commercial card and B2B payment services for companies of all sizes. He will advance ongoing investments in Regions’ Commercial Card platform, developing automated, integrated and efficient solutions that strengthen clients’ cash-management operations.
“Money moves faster than ever before, and Regions Bank is committed to solutions that move at the speed of business,” said Bryan Ford, head of Regions Bank’s Treasury Management division. “Client convenience and constant innovation are at the heart of our strategy. Jay Darnell’s deep experience in fintech enablement, commercial cards, and leading successful teams will help us build on our legacy of service. Further, he knows the Regions culture and our approach to relationship banking. We are proud to welcome Jay back to help further enhance the client experience.”
Darnell joins Regions with more than two decades of financial services experience, including leadership roles in fintech and card sales positions. Further, he prior served Regions as head of B2B Payment Partnerships and New Initiatives at Regions from 2014 until 2019.
“A strong, forward-thinking Treasury Management division is a key differentiator for Regions, and I’m excited to return,” Darnell said. “Regions continues to grow by focusing on innovation and client satisfaction. We’re committed to expanding efficient, secure payment solutions for businesses of all sizes.”
Regions provides a customized commercial card program that helps clients through strategic benefits including:
- Automating expenses: Regions’ clients can strengthen their expense management, from reporting to reconciliation, faster than with manual processes.
- Streamlining purchases: By using a virtual card for transactions, Regions’ clients can eliminate the complexities of managing various accounts and billing cycles and the administrative burden of managing multiple cards.
- Expense controls: Through strategic reviews of spending patterns, Regions’ clients receive timely information on everyday expenses and can identify better ways of managing those expenses.
- End-to-end support: Regions provides clients with performance metrics that help meet overall cash-management priorities.
Regions was the first financial institution in the United States to launch Visa Commercial Pay Mobile, which enables Regions clients to make quick, easy and secure payments from the convenience of a digital wallet. Regions also launched a similar solution, Visa Commercial Pay-Travel, to facilitate on-the-go business travel payments from a centralized travel management vendor.
The bank has consistently added and upgraded its Treasury Management offerings to serve the unique needs of Regions’ clients from various sectors. Additional commercial card solutions are expected to be added over time, including those developed in-house at Regions and others in conjunction with third-party providers.
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