Forbes Recognizes Regions Chief Operations and Technology Officer Amala Duggirala Among Top Tech Leaders in North America

Rhea-AI Summary

Regions Bank announced that Amala Duggirala, its Chief Operations and Technology Officer, has been recognized in Forbes’ inaugural ‘CIO Next 2021’ list. This list highlights top technology executives transforming the CIO role. Duggirala was commended for her leadership during the Paycheck Protection Program, which aided businesses during the COVID-19 pandemic. Regions Bank, an SBA Preferred Lender, has over $153 billion in assets and serves diverse customers through its extensive banking network.

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• Amala Duggirala named to Forbes' 'CIO Next 2021' list for her innovative leadership.
• Regions Bank recognized for effective participation in the Paycheck Protection Program.
• The bank is an SBA Preferred Lender, enhancing credibility and market position.

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• None.

Regions Bank on Thursday announced its Chief Operations and Technology Officer, Amala Duggirala, has been named to Forbes’ inaugural ‘CIO Next 2021’ list highlighting top technology executives who are redefining the role of a chief information officer as they deliver game-changing innovations for customers.

Regions Bank Chief Operations and Technology Officer Amala Duggirala is one of 50 business leaders named in Forbes’ inaugural ‘CIO Next 2021’ list. (Photo: Business Wire)

Forbes’ list includes executives from several industries. Regions Bank is one of two regional lenders with a CIO represented.

Specifically, Forbes cited Duggirala and Regions for the bank’s fast response and success in serving communities through the Paycheck Protection Program, a lending program launched by the U.S. Small Business Administration to help entrepreneurs facing unprecedented financial challenges during the COVID-19 pandemic. Regions Bank is both an SBA Preferred Lender and one of America’s most experienced SBA lenders.

“Amala is a visionary leader who is leveraging technology and innovation to benefit our customers and deliver financial solutions that meet their needs,” said John Turner, President and CEO of Regions Financial Corp. “Her commitment to excellence is shared throughout our teams, and it’s creating a more beneficial customer experience as we serve the people and businesses who turn to Regions for essential financial services. Amala and her teams are proving just how crucial forward-thinking leadership is to the future of business and banking. We are proud Forbes recognized Amala’s work and the work of our teams. We believe our customers are recognizing their impact every day as well.”

Duggirala pointed to the shared vision across her teams to leverage their experience in ways that deliver on Regions Bank’s mission to make life better for customers and communities.

“It’s humbling to see this type of recognition,” Duggirala said. “I’m so proud of what our Operations and Technology teams have accomplished, and their efforts – and that of all our associates across the company – have helped ensure that we continue to provide great service to customers across all areas of the bank. This past year, we witnessed just how crucial and timely our investments in data and technology have been. The pandemic didn’t change our company’s focus on relationship banking; it challenged our teams to deliver on that commitment to choice and convenience in new, innovative ways.”

Duggirala is responsible for Regions Enterprise Operations, Information Technology and Data and Analytics. She joined Regions in 2017 and previously was Chief Technology Officer at a large fintech company, where she led the technology team in advancing the automation and scalability of the company’s platform to drive lending for organizations worldwide.

Duggirala holds a Master of Science from Columbia University in New York with a specialization in Business and Digital Transformation, as well as a Master of Business Administration from the University of Nebraska at Omaha and a certification in Advanced Project Management from Stanford University. She earned her degree in Electronics and Communications Engineering from Osmania University in Hyderabad, India.

About Regions Financial Corporation

Regions Financial Corporation (NYSE:RF), with $153 billion in assets, is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services. Regions serves customers across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates more than 1,300 banking offices and 2,000 ATMs. Regions Bank is an Equal Housing Lender and Member FDIC. Additional information about Regions and its full line of products and services can be found at www.regions.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210513005080/en/

FAQ

Who is Amala Duggirala?

Amala Duggirala is the Chief Operations and Technology Officer at Regions Bank.

What is the significance of Forbes' 'CIO Next 2021' list?

The list recognizes top technology executives who are redefining the CIO role.

How did Regions Bank support businesses during COVID-19?

Regions Bank participated in the Paycheck Protection Program to help businesses facing financial challenges.

What is the stock symbol for Regions Financial Corporation?

Regions Financial Corporation trades under the stock symbol 'RF'.

What is the asset size of Regions Financial Corporation?

Regions Financial Corporation has $153 billion in assets.