Digibank aspirants have viable path ahead, despite Covid-19 challenge: analysts

Singapore

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.