Finastra Essence: Instrumental in propelling Tonik’s digital growth story
133%
year-on-year increase in loan production
4.3x
increase in operational efficiency
About the Company
First digital bank licensed to operate in the Philippines
2 million customers onboarded since 2021
1 million loans disbursed
Recognized as Best Digital Bank CX in the Philippines by The Digital Banker
Named as a Top 10 Global CX Leader among digital banks by AlternaCX
2 million customers onboarded since 2021
1 million loans disbursed
Recognized as Best Digital Bank CX in the Philippines by The Digital Banker
Named as a Top 10 Global CX Leader among digital banks by AlternaCX
Tonik continues to reimagine banking in the Philippines with its innovative and cutting-edge digital banking products and services powered by Finastra’s Essence cloud-first core banking solution, driving significant growth in customers onboarded and consumer loan portfolio.
Hear from President and CEO Greg Krasnov on how the first neobank in Southeast Asia is also enhancing service delivery through personalized customer experiences, with the rich functional capabilities and advanced technology of Essence.
Achieved benefits:
- Cloud-first API functionality
- Enhanced operational efficiencies
- Personalized customer experiences
- Greater reliability, with minimal downtimes
- Flexibility and scalability to launch new products quickly
- Secure data availability for machine learning, analytics and AI
