tonik taps CRIF for automation of loan decision and collection processes
Singapore-based TONIK Financial Pte LTD recently announced its collaboration with solutions provider CRIF for the automation of its loan origination and collection systems. The partnership will enable...
View ArticleUnionBank Pioneers Blockchain Enabled Bond Issuance in the Philippines
Union Bank of the Philippines (UnionBank), in partnership with Standard Chartered Bank (SCB), successfully completed a proof of concept for the issuance of a retail bond on a digital platform...
View ArticleNeobank Tonik teams up with FinScore to uplift digital lending for...
Tonik, the first neobank in the Philippines operating under its own bank license by the Bangko Sentral ng Pilipinas (BSP) strikes a partnership with FinScore, the Philippines-based Alternative Credit...
View ArticleTonik Launches As First Neobank In The Philippines
Tonik, Southeast Asia’s first digital-only bank, launches as the first neobank in the Philippines today. Tonik brings to the market a revolutionary and completely branchless way of banking on a highly...
View ArticlePhilippines based OFBank Acquires the Country’s First Virtual Bank License
Overseas Filipino Bank (OFBank), which is a wholly-owned subsidiary of the Land Bank of the Philippines (LANDBANK), has managed to acquire an operational license following the introduction of the...
View ArticleNeobank Tonik raises US$17M
Filipino neobank Tonik has raised US$17 million in a pre-Series B funding round, led by Singaporean VC firm iGlobe Partners. Existing investors Sequoia India, Altara Ventures and Insignia Venture...
View ArticleSingapore based UNOBank Receives Digital Bank License in Philippines
UNObank has received a digital bank license in the Philippines, according to a note from the company. Singapore-based Fintech DigibankASIA Pte. Ltd., creator of UNObank, has received approval from the...
View ArticleTonik, Philippines’ first neobank to secure digital bank license
Tonik, the Philippines’ first digital-only neobank continues to make waves in the local FinTech and banking industry as it secures a digital bank license from the Bangko Sentral ng Pilipinas (BSP) –...
View ArticleVoyager Innovation raises $167M to launch digital bank in the Philippines
Voyager Innovations, the Manila-based owner of PayMaya, one of the Philippines’ most popular payment and financial services apps, announced today it has raised $167 million in new funding to launch...
View ArticleRCBC to set up digital bank after SMBC investment
Philippine lender Rizal Commercial Banking Corp. plans to set up a digital banking arm and ramp up tech investments after securing $93.9 million in fresh capital from Japan’s Sumitomo Mitsui Banking...
View ArticleUnion Bank of Philippines to Launch Fourth Virtual Bank
The Union Bank of the Philippines, which is part of a conglomerate that is led by Aboitiz Equity Ventures, will be launching the fourth all-digital banking platform in the Southeast Asian country. The...
View ArticleGCash and Ayannah Partner to Launch GCash Padala
GCash partners with Ayannah to launch GCash Padala, a new money remittance service enabling over 40 million GCash users to send money to millions of unbanked Filipinos Leading mobile wallet GCash has...
View ArticleGOtyme secures digital banking license
The Bangko Sentral ng Pilipinas (BSP) has approved GOtyme’s application to operate a digital bank, making it the latest entity to secure the go ahead from the regulator as it prepares to make...
View ArticleNeobank Tonik launches physical Debit Cards
Tonik, the Philippines’ first private neobank operating under its own digital bank license by the Bangko Sentral ng Pilipinas (BSP), has launched the physical debit cards for clients of its mobile...
View ArticleTonik enters consumer lending with a 15-minute Quick Loan
Tonik, the Philippines’ first digital-only neobank, has launched a Quick Loan product on its platform. The launch of Quick Loan marks Tonik’s entry into the deeply underserved consumer lending market...
View ArticlePayMaya gets BSP approval for digital bank
Voyager Innovations (Voyager), through its financial technology arm PayMaya Philippines (PayMaya), has obtained the approval of the Bangko Sentral ng Pilipinas (BSP) to establish a digital bank....
View ArticleMynt hits $2bn valuation after fundraising
Mynt, the Philippine fintech backed by Ant Group, on Tuesday said it had raised over $300 million from new and existing investors in its largest-ever fundraising, valuing the company at over $2...
View ArticleTonik secures USD 100 million in Consumer Deposits within 8 months of launch
Tonik, the Philippines’ first digital-only neobank, continues to blaze a trail in the local banking industry by surpassing P5B (US$100M) in consumer deposits. The development comes within only 8...
View ArticleTonik raises US$131M Series B led by Mizuho Bank
Tonik Financial Pte Ltd (“Tonik”), the parent company of Tonik Digital Bank in the Philippines, announced today that it closed a US$131M round of Series B equity funding. The round was led by Mizuho...
View ArticleGCash now offers fast and secure ways to buy crypto
To provide Filipinos more convenient, secure and innovative digital financial solutions amid the ever-evolving digital age, GCash, the country’s leading mobile wallet, now enables users to...
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