roomCode
DL4_DS
Room
Discover Stage
Date
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The rise of challenger banks in Australia

Technological change and a more pro-competition regulatory regime mean that we will soon see a marked increase in the number of new entrants into the Australian banking sector. These “greenfield” or “challenger” banks often seek restricted banking licences (which came into existence last year after the Government moved to encourage more competition in banking) as a stepping stone to a full license.