TONIK ties up with Finastra to support Philippine virtual bank launch

It will launch in the country sometime in 2020.

TONIK, the first licensed digital only bank in Southeast Asia, will use Finastra’s cloud service to support its upcoming launch in the Philippines, according to a press release.

Finastra’s Fusion Essence Cloud will be deployed out of the Microsoft Azure Southeast Asia Region (Singapore Data Center), which is said to allow for both low latency and data residency.

TONIK announced plans last December to establish a virtual bank in the Philippines sometime in 2020, according to its official website.

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!