BNY Mellon today was named to Fortune’s inaugural “America’s Most Innovative Companies” list. The firm ranks in the top half of 300 honorees that were selected out of 15,000 eligible companies, based on criteria including innovation in products, processes and culture.
"I’m proud to see America’s oldest bank named one of America’s Most Innovative Companies by Fortune," said CEO Robin Vince. "We have a long history as a financial industry pioneer. In the past decade alone, we were the first to bring real-time payments to market in the U.S. and an early explorer of emerging technologies, including blockchain.”
Fortune ranked companies against three dimensions of innovation:
- Product innovation: Innovations in R&D, production, sales and marketing
- Process innovation: Innovations in the areas of production/operations, strategy, planning, controlling and quality assurance
- Innovation culture: This primarily includes the introduction of a corporate culture that promotes creativity and entrepreneurial spirit
For details on methodology, please visit Fortune.com.
