To kick off our first interview, we invited Karen Rudich from ELEMENTARYb, who is building an all in one solution for integrated accounting, banking and tax proposition for the mid-size business sector.

Karen and Andrew touch upon how COVID-19 has highlighted the business need for real time access to data and solutions,  Why SMEs and mid-size business are often overlooked when it comes to servicing by some financial institutions and more about business banking.

If your an SME and want to talk to us about business banking and the challenges SMEs face today and in the future, get in touch with us: thomas.cheung@form3.tech

Topics covered:

• A brief introduction into Karen's career and why she started ELEMENTARYb
• How COVID-19 has highlighted the need for real-time access to solutions and data from businesses
• What's preventing financial institutions from implementing new solutions and transforming the way they work?
• Why the transitional FX market needs to be updated
• What does the next decade of banking look like to Karen?
• Buy cheap, buy twice - The importance of balance between pricing and product quality when it comes to a business's sustainability
• Why are SMEs and mid-size business  often overlooked when it comes to servicing by some financial institutions?
• Why are we seeing a trend from Fintechs focussing on lending products instead of transactional banking?
• What particular products do SMEs need in order to  run a successful business in this current climate?
• Is there an appetite for mid-size businesses to move all of their services to Fintechs?
• Has COVID-19 affected your go to market plans for ELEMENTARYb?

*We apologise for the weak internet connection towards the end of the podcast!