Tag "TONIK"

Tonik Partners With NetGuardians and Finastra to Mitigate Fraud in Real Time

Tonik, a licensed digital-only bank in Philippines, has selected NetGuardians and Finastra’s AI-based, real time fraud mitigation solution. Banking software provider Finastra had partnered with Swiss fintech NetGuardians in 2019 to identify fraudulent payments in real-time, stopping them before money

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Tonik Appoints Former Google, Meta Director as Its Chief People Officer

Philippines’ digital bank Tonik announced today the appointment of Manoj Varghese as its Chief People Officer to spearhead its growth and cultural integration. Manoj was formerly Google’s HR Director for Japan and Asia Pacific (JAPAC) as well as Director of

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Tonik Aims to Roll Out BNPL and Crypto Products in the Next Year

Philippines’ neobank Tonik marks its first year of operations in the country after securing a digital bank license from the Bangko Sentral ng Pilipinas (BSP) in June last year. Since its public launch, Tonik recorded PHP 1 billion (US$ 20

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Tonik Pulls in US$131 Million From Series B Fundraise Led by Mizuho Bank

Philippines’ digital bank Tonik announced that it closed a US$131 million Series B equity funding round led by Japan’s Mizuho Bank which has been active in the country since 1981. Other significant new investors in the round included Prosus Ventures

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Tonik Taps Google Cloud to Build its Digital Bank

Philippines’ neobank Tonik announced that it is has built on Google Cloud’s advanced platform to deliver its financial services in just 10 months. The bank had leveraged Google Cloud’s expertise in scalable infrastructure, application programming interface (API) management, machine learning (ML)

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Tonik Surpassed US$100 Million in Consumer Deposits in Less Than a Year

Philippines’ digital bank Tonik announced that it has surpassed PHP 5 billion (US$100 million) in consumer deposits 8 months after its launch of commercial operations. Tonik had previously secured PHP 1 billion (US$20 million) in consumer deposits within a month

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Tonik Ventures Into the Consumer Lending Market With ‘Quick Loan’ Offering

Philippines’ neobank Tonik announced that it has launched a Quick Loan product on its platform marking its venture into the consumer lending market in the country. Tonik said that its all-digital Quick Loan is designed to serve the unbanked and

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BSP Will No Longer Be Accepting Digital Bank Applications

Bangko Sentral ng Pilipinas (BSP) announced that it will no longer be receiving applications for new digital banks including banks wanting to convert their status from 1st September 2021. Digital bank applications sent in to BSP until 31 August 2021

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Tonik Issues Numberless Physical Debit Card

Tonik, a Filipino digital bank that was recently licensed by the Bangko Sentral ng Pilipinas (BSP), has launched the physical debit cards for its clients. Customers can now order physical debit cards through the app, and use these cards at

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Neobank Tonik Secures Digital Banking License

Neobank Tonik announced that it has secured a digital bank license from the Bangko Sentral ng Pilipinas (BSP) as it has been operating under a rural banking license since 2019. A year later, BSP had issued a framework on the

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