Tag "TONIK"

Neobank Tonik Taps PESONet to Secure Digital Payments

Philippines neobank Tonik announced that it has tied up with PESONet to enable safe and secure electronic fund transfers to its account from other banks. Tonik users are now able to transfer funds from a PESONet participating bank to their

Read More

Neobank Tonik Officially Kicks off in the Philippines

Southeast Asian digital-only bank Tonik has launched as the first neobank in the Philippines. Tonik is supervised by the Bangko Sentral ng Pilipinas (BSP) while its deposits are insured by the Philippine Deposit Insurance Corporation (PDIC). Tonik’s cloud-based solution is

Read More

Philippines Digibank Tonik Taps FinScore’s Alternative Credit Scoring Solution

Philippines digital bank Tonik has selected FinScore, a local alternative credit scoring company to process loan applications for its Filipino customers. FinScore’s AI-powered telco data credit scoring solution will be integrated with Тonik’s digital banking platform. The credit score will

Read More

Digibank Tonik Selects CRIF for Automation of Its Loan Origination Processes

tonik, the Philippines’ digital-only neobank, announced its collaboration with solutions provider CRIF for the automation of its loan origination and collection systems. tonik is set to launch a full range of banking services including a transactional savings account, time deposit accounts

Read More

Philippines’ Digital Bank tonik Announces Partnership With Mastercard

Fresh off raising their US$ 21 Million Series A round, tonik announced today a partnership with Mastercard, which will allow its users access to Mastercard’s global network. This will enable its users to make payments anywhere with any merchants who

Read More

Philippines’ Digital-Only Bank Tonik Raises $21M Series A Led by Sequoia India and Point72

Tonik Financial Pte Ltd (“tonik”) announced today that it closed a $21M round of Series A equity funding. The round was led by blue-chip VC investors Sequoia India and Point72 Ventures, with a significant participation from previous VC investors Insignia

Read More

TONIK Raises US$6 Million, Eyeing to Launch Digital Bank in Philippines by 2020

TONIK announced today that it closed a US$ 6 Million round of equity funding led by regional VC investors Insignia Ventures Partners and Credence partners. The funds raised will be used to launch its digital bank in the Philippines, targetting

Read More

Philippines Digital Bank TONIK Picks Finastra to Power Its Core Banking

Finastra announced today that TONIK, a licensed digital-only bank in Philippines, has selected Fusion Essence in the cloud to power its end-to-end core banking capabilities. According to the parties involved, the move will support TONIK as it launches its retail

Read More

A New Digital Bank Will Launch in the Philippines in 2020

TONIK Financial announced today that its subsidiary in the Philippines has received Notice of Approval for a new banking license from the Central Bank of the Philippines. The license will enable Tonik to provide a full range of retail banking

Read More