Acuant, a leading global provider of identity verification solutions, announced a partnership with albo, Mexico’s leading Neobank, which has integrated Acuant’s Trusted Identity Platform to provide a seamless and secure digital Know Your Customer (KYC) experience for customers and to meet compliance with Anti-Money Laundering (AML) regulations issued by the Mexican authorities. Founded in 2016, […]

Tonik, Southeast Asia’s first digital-only bank, launches as the first neobank in the Philippines.  Tonik brings to the market a revolutionary and completely branchless way of banking on a highly secure mobile platform that sets out to fundamentally disrupt the Filipino retail banking industry.  Tonik is supervised by the Bangko Sentral ng Pilipinas (BSP).  Its deposits are insured by the Philippine Deposit Insurance Corporation (PDIC).  Tonik’s unique cloud-based solution is powered by global financial technology leaders […]

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 significant participation from previous VC investors Insignia and Credence. tonik will use the funding to launch its digital bank in the Philippines, targeting […]

“The new players will be tested now on their robustness and their ability to continue to be the innovators in the industry. It’s a challenge for them but with the silver lining of the opportunity when truly innovative digital services can now be offered”, expressed financial service industry expert from Europe, Middle East and Africa, […]

Dubai-based fintech startup Jingle Pay is bringing neo banking to the Middle East, starting with its home turf of the UAE. The neobank has been formulated in response to what digitally-native Gen Z and millennial audiences want from banking – such as responsive services, extremely low transfer fees, transparency, and no restrictions such as minimum […]