Tonik Financial Pte. Ltd. (Tonik), the parent company of Tonik Digital Bank Inc. in the Philippines, has entered into a landmark agreement with Tendo Payment Solutions Pte. Ltd. (Tendo) to acquire its […]
Digital bank Tonik started offering two new lending products, Flex Loan and Big Loan, in a bid to accelerate financial and credit inclusion in the country. Tonik’s best priced unsecured loan yet, […]
Neobank Tonik introduced the BillsPay feature to provide consumers with easy and accessible banking. Available through the Tonik app, BillsPay enables users to seamlessly pay their bills on time, without the hassle […]
Neobank Tonik has integrated the electronic fund transfer (EFT) service Instapay into its mobile app services. Customers can now send and receive real-time transactions for up to P50,000 to and from participating […]
Tonik has hired Tomasz Borowski to join the leadership team as group chief Operations Officer (COO). With 20 years of experience in consumer finance, primarily focused on building efficient operations, Borowski will […]
Noname Security, a proactive API (application programming interface) security platform, has been chosen by Tonik, a neobank based in the Philippines, to help safeguard a critical component of its digital platform as […]
Neobank Tonik, which is one of the first six digital banks granted a license by the Bangko Sentral ng Pilipinas, is now looking at offering cryptocurrency to expand its digital portfolio along […]
Tonik Financial Pte Ltd (Tonik), the parent company of Tonik Digital Bank in the Philippines, announced today that it closed a $131 million round of Series B equity funding. The round was […]
Neobank Tonik Digital Bank (Tonik) has tapped Google Cloud’s advanced platform to scale its financial technology infrastructure to build on application programming interface (API) management, machine learning (ML) and data analytics. Tonik, […]
Neobank Tonik has surpassed the P5 billion ($100 million) in consumer deposits after only eight months since its launch. Tonik’s deposit achievement was supported by unique, accessible, flexible, and inclusive products, including […]
Digital-only bank Tonik will start offering its Quick Loan product which is another step in reaching the underserved consumer lending market in the Philippines. “We estimate that there is $100 billion of […]
Private neobank Tonik, which is operating under its own digital bank license by the Bangko Sentral ng Pilipinas (BSP), has launched physical debit cards for clients of its mobile app. Tonik customers can […]
Neobank or digital bank Tonik said it was able to secure a digital bank license from the Bangko Sentral ng Pilipinas (BSP). In December 2020, BSP released the guidelines for digital banks […]
Tonik, a neo or all-digital bank that recently launched in the Philippines, has now enabled interbank fund transfers through PESONet, an electronic fund transfer service. This service is initially available through RCBC, […]
Digital-only bank tonik teamed up with alternative credit scoring CredoLab to offer lending services in the Philippines. The partnership aims to future-proof its business and guarantee end-users a seamless experience in loan […]
Finastra announced today that TONIK, the first licensed digital-only bank in Southeast Asia, has selected Fusion Essence in the cloud to power its end-to-end core banking capabilities. The move will support TONIK […]
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