Company Information

Get to know TONIK

Tonik Digital Bank, Inc. is a neobank operating in the Philippines under the first digital bank license granted by the country's central bank, the Bangko Sentral ng Pilipinas (BSP). Launched in 2021, its mission is to revolutionize banking in the Philippines by providing simple, accessible, and secure digital financial services. The company targets the large unbanked and underbanked population in the country, offering high-interest savings accounts, physical and virtual debit cards, and various loan products, all managed through a user-friendly mobile app.

Industry

Financial BankingPRIMARY
Financial Other Service

Contact

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TONIK

Singapore

Founded in

2018 (8 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Markets.com

(327 reviews)

United States

2008

(18 years)

Security Information :

FSCA

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.