trending Market Intelligence /marketintelligence/en/news-insights/trending/3gwU4x5J9lX7dFMtbQ9peg2 content esgSubNav
Discover more about S&P Global’s offerings
In This List

TONIK Financial unit obtains banking license in the Philippines
Blog

Bank failures: The importance of liquidity and funding data

Blog

Staying Strong in Volatile Markets: How Banks Can Overcome Challenges to Funding and Lending

Blog

Silicon Valley Bank Uncovering Regional Bank Stress with Equity Driven Credit Models

Case Study

A Scorecard Approach Helps a Bank Assess Credit Risks with Smaller Companies


TONIK Financial unit obtains banking license in the Philippines

Singapore-based TONIK Financial Pte. Ltd. said its Philippine subsidiary, TONIK Digital Bank Inc., has obtained approval for a banking license from the Bangko Sentral ng Pilipinas.

The move makes TONIK Digital Bank the first digital-only branchless bank licensed platform in the Philippines, according to a Jan. 7 release.

The license will enable TONIK Financial to provide a full range of retail banking services, focused primarily on retail deposits and consumer loans, starting in 2020.