Alan Kohler is one of Australia’s most experienced business commentators. Alan has been a trusted source of investment advice to Australians for many years, and in 2005 he founded Eureka Report - Australia’s #1 online investment report. Along with Robert Gottliebsen and Stephen Bartholomeusz, Alan also founded Business Spectator, the popular business news and commentary website. Alan is the regular finance presenter on the ABC News and producer of the popular nightly graph (or two).
The big four banks have found agile adversaries in the likes of Google, Alibaba and PayPal, which could challenge up to 30 per cent of their revenues. Big investments in IT will be needed to stay ahead of the competition.