Digibank aspirants have viable path ahead, despite Covid-19 challenge: analysts
But fresh hurdles facing new entrants include the need to show strong fundamentals, innovation, and post-crisis support for businesses
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DIGITAL bank aspirants in Singapore still have a viable path ahead despite the uncertainties wrought by the pandemic, for the simple reason that there is a flexible timeline for them to set up shop fully.
But analysts also point out fresh hurdles: These new entrants must assure regulators of sound fundamentals and a sustainable model to attract deposits, as well as support businesses looking to recover from the current crisis.
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