Articles by Greg Ulankiewicz
Greg Ulankiewicz, financial analyst
Greg Ulankiewicz (Ewe-Lank-Uh-Witz) graduated from Bradley University (Peoria, IL) in December 2000 with a Bachelor of Science degree in Finance. He soon joined RFG as a Client Manager serving CEO Strategies Group clients. In 2003, Greg took on a supervisory role for these programs and also became the lead contact for the Checking Activity program including data implementation and the related Delivery Channel Activity Report. Recently, Greg joined Raddon's research team involved with product development, financial analysis and strategic planning. In his spare time, Greg enjoys playing guitar and drums as well as singing and songwriting. He's also been known to work a classic Weber charcoal grill with great proficiency.
This past June and September, Raddon held its quarterly workshops for participants in its CEO Strategies Group program. Key themes discussed at the workshops related to the critical importance of growth and the need for the business model to evolve as financial institutions face increasing operating complexity and ongoing earnings pressures.
One overarching theme at the workshops was the importance of strategizing for sustainable growth. Considering the ongoing industry consolidation (largely a function of smaller organizations going away), rising operating and delivery costs and the clear earnings advantage for larger institutions, the ability to grow and benefit from economies of scale will be vital to organizational success, if not survival.
This past December, Raddon held its quarterly seminars for participants in its CEO Strategies Group program. The program provides institutions with comprehensive analytics that measure performance across all areas of the organization and help guide their strategic initiatives.
Six years beyond the recession, consumers seem to have little interest in borrowing. Did the credit-driven financial crisis alter consumers’ mindsets, leaving them highly averse to taking on debt?
In October 2013, American Express “re-launched” Serve– a prepaid debit card purportedly targeted towards the financially underserved. On June 4, 2014, American Express premiered its short movie Spent: Looking for Change – a 40-minute narrative focusing on those shut out, or at the margins of the traditional banking system.
The economy and regulatory environment have delivered ambiguity on a silver platter, capturing headlines and sparking concern about the nation’s financial health. But lost in the confusion is another festering source of great uncertainty that portends significant challenges for the industry: How are people gonna pay for stuff?
After sweeping credit card regulations, 2,300 pages of vaguely specific legalese in the Dodd-Frank bill, and opt-in requirements for debit and ATM overdraft coverage, one would think the regulatory dust is finally beginning settle.
Now, a byproduct of working at Raddon is that everything somehow becomes relatable to financial services, and seeing a man leaf-blowing in a windstorm — certainly not a value-added activity — got me thinking about efficiency.
If anything can be said about the mobile phone in today’s tech-crazed world, it is indeed a “large force,” a notion that is certainly not lost on the financial services industry. With the ubiquitous handheld device poised to significantly alter the face of monetary transacting and consumer financial management, you could say this is kind of a big deal for financial institutions. And no doubt, there are still many more questions than answers.
Well, OK, maybe that’s a little extreme. But since biblical times, the notion of a cashless society has been cited as a predictor of the world’s demise. And while I’m certainly not suggesting the end is nigh and apprehensively X-ing out the days on my personal Mayan calendar, I will acknowledge that mobile banking stands to steal another big slice of the consumer’s propensity to utilize the almighty greenback. (If we can still call it almighty, that is.)