A novel and economical explanation for SM fermion masses and mixings

I propose the first multiscalar singlet extension of the Standard Model (SM), that generates tree level top quark and exotic fermion masses as well as one and three loop level masses for charged fermions lighter than the top quark and for light active neutrinos, respectively, without invoking electrically charged scalar fields. That model, which is based on the $S_{3}\times Z_{8}$ discrete symmetry, successfully explains the observed SM fermion mass and mixing pattern. The charged exotic fermions induce one loop level masses for charged fermions lighter than the top quark. The $Z_{8}$ charged scalar singlet $\chi$ generates the observed charged fermion mass and quark mixing pattern.