Ritesh Gupta

At Truist, we’re doing something special. We’re putting our purpose and our value of #Care at the center of everything we do. That’s why we are recruiting ‘Catalysts for Care’. Leaders with the energy and ideas to take us further, and faster as we deliver on our purpose. Together, we can accelerate and differentiate the way we build better lives and communities. The Leadership Development Program (LDP) was designed with that specific goal of actualizing our purpose. Recruitment for the 2025-26 LDP cohort has begun! This is a great opportunity for those interested in beginning their career in financial services. For those who are not familiar with LDP, I invite you to check out my past posts. You can also learn more via the job description. There are 3 different tracks as part of this immersive educational program experience: 💜 Credit, where I serve as the Program Manager 💜 Enterprise, led by Melissa Early (She/Her) 💜 Tech & Innovation, led by Britton Frampton Credit track teammates explore areas of the Wholesale bank including Middle Market Banking, Industry Specialty & Advisory, Wholesale Credit Delivery, and Wholesale Payments, as well limited opportunities in the Credit Risk organization. Along the way, teammates are in the best company with LDP alumni, program partners, and early career sponsors. Every aspect of LDP is designed to help teammates connect, learn from each other, and experience the power of #OneTeam. 💜 I also invite you to share this amazing opportunity with early career professionals and leaders! #like #comment #share #earlycareer #career #leadershipdevelopment #cataylstsforcare #opportunity #financialservices #purpose #purposedriven #ldp https://lnkd.in/eJzQRjv8

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Here are this month’s results. Consumer spending seems to be retracting on a month over month downturn in but transaction volume and average ticket. Small business sales are up for the year and down for the month. Explore the latest results from the Fiserv Small Business Index.

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The success of digital banking hinges on technology, user experience, and security. We (at Bottomline) are investing in our tech to drive a deeper payments and cash management ecosystem, as recognised by The Digital Banker 🙌 Here’s how we’re leading the way 👇

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Join industry leaders from FIS, Delta Airlines, and PWC for an insightful fireside chat on how organizations are revolutionizing their payment processes using a payment hub. Discover valuable strategies to improve efficiencies, reduce costs, increase visibility, mitigate fraud risks, and gain deeper insights into cash positions. Register now to secure your spot: http://spr.ly/6041bTTmZ #payments #iso20022 #banktransformation #fintech #firesidechat

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With the FDIC call report data now available for the 2nd quarter of 2024, we can now see that the median bank CD portfolio yield for the quarter was 4.16%, up from 3.96% in the previous quarter. The average CD yield in the U.S. for the quarter was 4.56% when you add up all the CD interest paid and annualize it compared to the average volume of CDs during the quarter. This is up from 4.48% in the previous quarter. This means that the banks paying higher rates had a significantly greater share of the volume. Bankers might want to check out our recent publication of the Term Funding Profitability benchmark at https://lnkd.in/gM_bHrq5 To explore the Pressure Gauge for your bank or your competitors use this link https://lnkd.in/eHWXGKZ. I'd love to hear from thought leaders like Ryan Rackley, Gregory Dushan, Jeff Marsico, Omar A. Hinojosa, CFA, Steve Wofford, Christopher Nelson, CFA, Chris Nichols, Dave McNab CPA, CA, Rutger van Faassen, Preston Afrank, Alisha Crafton, Michael Daidone, Gerard Colaluca, Beth Ericson, Boris Masip, MBA, Connie Loveland, Glenn Grossman, and Tom Grottke #banking #profitability #deposits #strategy

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Speed, reliability, and ease of use. That’s the bare minimum your customers (and let’s face it, you too) expect from a digital banking experience. By partnering with FIS, you’ll be able to offer a unified platform, so that your customers can enjoy the above ☝️ as well as consistency across all digital channels. You have the vision, we have the technology to manage the complete money lifecycle. Let’s partner: http://spr.ly/6043YXb11 #DigitalTransformation #Fintech #MobileBanking

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TD Bank's Steve Turley on Branch Banking's Next Phase and Attracting Gen Z Customers This insightful article from The Financial Brand captures Steve Turley's forward-thinking approach to the evolution of branch banking and how to engage the next generation of customers. With Gen Z's digital-first mindset, it's crucial for banks to innovate and adapt their strategies. Turley's perspective underscores the importance of blending technology with personalized service to meet the unique expectations of Gen Z. It’s a reminder that the future of banking lies in embracing change and staying ahead of customer trends. How is your bank or organization preparing for this shift? Let’s discuss the strategies that are shaping the future of branch banking. #Banking #BranchTransformation #GenZ #Innovation #CustomerExperience #FinancialServices

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Super excited to participate in this insightful discussion with James Colassano, Irfan Ahmad, Amber Faedtke, AAP, APRP as we explore: "How can US banks win at instant payments". RedCompass Labs #instantpayments #realtimepayments

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Excellent insights from our president and CEO, David Glidden, in "40 Years Of Banking" “Everyone is trying to deliver that Amazon experience, and it’s of great importance today for a bank to stay up with what the consumer’s expectations are — and that’s higher, probably, than what banks have historically delivered.” Check out the story to hear more of Dave's perspective on how the industry is evolved and where it's headed next. #LibertyBank #OwnersBank #DigitalBanking #FutureOfBannking

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Teamwork plays a vital role in all ICI’s engagements with banks or credit unions! Our experts forge lasting business relationships with the financial institution’s leadership to cultivate trust and synergies during the evaluation. This joint effort undoubtedly leads to the optimal alignment of the core vendor solutions for the organization’s unique requirements and growth prospects. Schedule a discussion with the ICI Team and explore what differentiates our approach to core evaluations and negotiations, and how we can help your bank or credit union achieve the most favorable results and tremendous savings on your next core project: https://lnkd.in/gjFfXuDj #coreconsulting #coreevaluation #negotiations #bankconsulting #creditunionconsulting #technologyconsulting #bankadvisor #creditunionadvisor

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Nice to see the Fiserv Small Business Index driving engagement with this article on Inc!

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Learn more about the future of embedded payments in this Newline™ by Fifth Third whitepaper and discover how brands are integrating financial capabilities into the apps and experiences that businesses and their customers use every day: http://go.53.com/6048boNAo #fintech #payments #embeddedpayments #newline

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The RTP® network, the largest instant payments system in the United States operated by The Clearing House, now averages over 1 million payments per day. The RTP network also set single day records of 1.46 million transactions valued at $1.24 billion on November 1. In October, the RTP network experienced a record 31.7 million transactions valued at $25.4 billion, up 6.2% and 9% respectively, from September, as financial institution customers continued to enjoy the ease and speed provided by instant payments on the network. Payments activity on the RTP network shows that consumers and businesses are utilizing and benefiting from the system’s 24/7 capability, with a notable 42% of transactions happening overnight, on weekends, or on holidays. The utilization of the RTP network outside of normal banking hours (Monday through Friday, 8am-6pm ET) shows that it is providing real-world payments solutions that give users the flexibility to move money or pay bills when they want, and to meet the needs of the modern, 24/7 economy. #RTP #ACH #SameDayACH #FedACH #NACHA #ACHNetwork #CHIPS #FedNow #Payments #InstantPayments #RealTimePayments #Zelle #ChinnapaReddy #Banking #Innovation #Fintech #BillPay #B2B #FasterPayments #B2BPayments #SWIFT #NEFT #RTGS #FedWire #LYNX #CHAPS #UPI #NPCI

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The Clearing House plans to raise its instant payment network’s individual transaction limit. Starting next year, the RTP® Network will allow individual transactions of up to $10 million, The Clearing House (TCH) announced Wednesday (Dec. 4). The company said the new limit supports growth in areas like real estate, supply chain payments and business-to-business transactions requiring higher transaction amounts. According to the release, the new limit will go into effect on Feb. 9. The limit had been $1 million since April of 2022, when it was increased from $100,000. #RTP #UPI #NPCI #SWIFT #Interoperability #APIs #Ubiquity #ACH #SameDayACH #FedACH #NACHA #ACHNetwork #CHIPS #FedNow #Payments #InstantPayments #RealTimePayments #Zelle #ChinnapaReddy #Banking #Innovation #Fintech #BillPay #B2B #FasterPayments #B2BPayments #SWIFTGPI #NEFT #RTGS #FedWire #LYNX #CHAPS #FPS #NPP #RTR

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Discover the five key features to consider when selecting a next-gen ACH solution. Stay ahead of the curve with insights from Fiserv.

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Hear from PNC leaders on how key market and economic themes may impact the remainder of 2024, and beyond. https://pnc.co/3RFwFf6

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