TONIK CHOOSES V-KEY AS THE MOBILE SECURITY PARTNER FOR ITS DIGITAL BANK IN THE PHILIPPINES

V-Key announced today that it has been chosen to be the mobile security partner of TONIK digital bank, to provide a secure mobile retail banking platform for its new customers here in the Philippines.

TONIK being a digital-only “neobank” relies on the mobile app as the main contact point for its customers. The ability to provide a trusted and secure environment for its customers to perform their banking transactions is critical to the customer experience for its services.


Greg Krasnov, CEO & Founder at TONIK, said: "We selected V-Key because of V-Key’s history with major banks around the region, where its solutions were well validated and tested. Its technology is protected by a global patent and has been proven to deliver the trust factor and security to customers, which is among the most important issues for our potential customers in the Philippines.”

Joseph Gan, CEO & Founder, V-Key, said: “At V-Key, we constantly put our solutions through stringent penetration tests and achieve global certifications to ensure we live up to the trust of our customers. Going one step further, we have incorporated Threat Intelligence whereby the latest identified threats are automatically updated to our deployed V-OS App Protection platform. We look forward to providing a secure environment for TONIK in order for it to serve its customers leveraging truly disruptive innovations and technologies.”


TONIK Financial Pte Ltd (www.tonikbank.com) is the first licensed digital-only bank in Southeast Asia, on a mission to revolutionize the way money works in the region. It provides retail financial products, including deposits, loans, transactional accounts, payments, and cards on a highly secure digital banking platform. Founded in 2018,TONIK is launching operationally in 2020 in the Philippines through its own bank license, with support and R&D functions based in Singapore and Chennai, India.