SINGAPORE - While use of digital services has surged, winners of Singapore's digital bank licences face a long haul to attain business viability and realise the full potential of the local and broader South-east Asian markets.
First, it will take them at least a year to fulfil prudential and regulatory requirements and raise the resources - capital and manpower - as well as put together the necessary technological infrastructure to launch their operations in earnest.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you