Noname Security, a vendor providing proactive API security platform, has been chosen by Tonik – the Philippines’ first neobank -- to help safeguard a critical component of its digital platform as it seeks to address new retail lending opportunities in Southeast Asia.
Two Singapore-headquartered fintech companies – UNObank and Tonik – have received approval from the Bangko Sentral ng Pilipinas (BSP) to operate digital banks in the country.
Tonik said it aims to disrupt the Filipino retail banking industry by bring to the market a revolutionary and completely branchless way of banking on a secure mobile platform.
