Blurring the lines of banking

Who qualifies as a bank? The rules are about to change, and we’ve got questions for Lecturer in Economics Dr. Chanelle Duley and two challengers to the “big four” banks: SBS Bank Group’s Mark McLean and General Capital’s Brent King.

So, will a new definition of “bank” enable these smaller players to rival the Australian-owned market leaders? What do new rules mean for your money’s safety? Find out what the new $100,000 deposit compensation scheme protects, why more competition could finally win you a better rate on your deposits, and whether a smaller, nimbler lender is riskier or actually safer.

Plus, whether “disruptor” neobanking apps and rising cyber threats should change where you park your savings.

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