SINGAPORE (Oct 14): The rise of digital banks today is a sign of the times, and a promise of greater opportunities for banks that are ready to chart the brave new cyberworld. While digital transformation gives a sense of foreboding to many, it can offer convenience to digital-first customers and reach beyond national borders to serve new types of customers, including the unbanked. These benefits can also help level the playing field for many small and medium-sized enterprises that are looking to seize a competitive advantage over more established players.

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