What looked to be an emerging wave of challenger banks has in Australia fizzled, leaving few real challengers to the big 4. And after what was a much needed fintech correction in US and UK markets, only the best are left standing.

In this special episode, and the first ever podcast interview with an APRA executive, we look at the lessons from the current wave of failed neobanks. Featuring APRA’s former head of regulatory affairs and licencing Melisande Waterford, The Australian senior journalist Joyce Moullakis, FrankieOne CEO and cofounder Simon Costello, and Palo IT Global Chief Strategy and Impact Officer Xavier Rizos.

This episode was produced by Rachel Williamson and Charis Palmer, with sound engineering by Kevin Hirshorn. Music credit to Brianna Tam, Matt Stewart-Evans, Raz Burg, Letra and BalloonPlanet.