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TONIK ties up with Finastra to support Philippine virtual bank launch
It will launch in the country sometime in 2020.
TONIK, the first licensed digital only bank in Southeast Asia, will use Finastra’s cloud service to support its upcoming launch in the Philippines, according to a press release.
Finastra’s Fusion Essence Cloud will be deployed out of the Microsoft Azure Southeast Asia Region (Singapore Data Center), which is said to allow for both low latency and data residency.
TONIK announced plans last December to establish a virtual bank in the Philippines sometime in 2020, according to its official website.