Introduction
In a major move towards digital banking innovation, Tonik, the leading Philippines neobank, has announced their strategic partnership with Finastra, a global fintech powerhouse. This collaboration marks a significant milestone for both companies and highlights their commitment to revolutionizing the banking industry.
About Tonik
Tonik is redefining the traditional banking experience by offering an all-digital platform that enables customers to manage their finances conveniently and securely. With a vision to empower Filipinos financially, Tonik has rapidly gained popularity since its launch in the Philippines in 2020.
About Finastra
Finastra is a renowned financial technology company headquartered in London, United Kingdom. Known for its cutting-edge software solutions, Finastra has a global presence and serves over 9,000 financial institutions across 130 countries. Finastra’s services encompass the entire spectrum of banking operations, from retail banking to treasury management.
The Partnership
The partnership between Tonik and Finastra brings together Tonik’s innovative digital banking capabilities and Finastra’s extensive industry expertise. This collaboration aims to strengthen Tonik’s position in the Philippines market and enhance its product offerings.
As part of the partnership, Tonik will leverage Finastra’s industry-leading technology and software solutions. This will enable Tonik to deliver an enhanced and seamless banking experience to its customers, providing them with advanced features such as personalized financial insights, real-time payments, and streamlined loan processing.
Key Objectives
- Enhance Tonik’s digital banking offerings
- Optimize operational efficiency
- Accelerate product development
- Improve customer experience
Statements from the Stakeholders
“We are thrilled to partner with Finastra, a global leader in fintech. This collaboration allows us to leverage their technology and expertise, enabling us to deliver a world-class digital banking experience to our customers.” – Greg Krasnov, CEO of Tonik
“We are excited to work with Tonik and be a part of their ambitious growth journey. Our technology will empower Tonik to provide their customers with outstanding banking services, ultimately contributing to the transformation of the Philippines banking sector.” – Simon Paris, CEO of Finastra