Tonik, Southeast Asia’s first digital-only bank, launches as the first neobank in the Philippines today.  Tonik brings to the market a revolutionary and completely branchless way of banking on a highly secure mobile platform that sets out to fundamentally disrupt the Filipino retail banking industry.  Tonik is supervised by the Bangko Sentral ng Pilipinas (BSP).  Its deposits are insured by the Philippine Deposit Insurance Corporation (PDIC).  Tonik’s unique cloud-based solution is powered by global financial technolog

Railsbank, a leading global Banking as a Service (BaaS) platform, has launched in Australia via a partnership with the country’s first neobank, Volt.

The partnership enables Railsbank to continue its expansion within the APAC region and it considers Australia a highly strategic market.

The embedded finance market in Australia is in its infancy, but both Railsbank and Volt believe it is set for rapid growth over the coming years.

Fintech startup M2P Solutions- YAP has raised $10 million (Dhs 36.7 Mn) in a Series B funding that was co-led by Flourish Ventures and Omidyar Network India at an undisclosed valuation. YAP’s existing investors—Beenext, 8i Ventures and Better Capital—also participated in the financing round.

This is a second fundraising for YAP in less than a year. The Chennai-headquartered startup had raised $4.5 million as part of its Series A round in April 2020.

W2, award winning global provider of regulatory compliance solutions today announced their partnership with market leading payments provider Contis to supply end-to-end KYC/AML processes for customer onboarding and ongoing monitoring.  

Payment holidays have provided a lifeline for many in the pandemic, but as the planned March end-date[i] fast approaches, consumers and organisations must both prepare for a difficult period of financial transition.

SEON, the fraud fighter, has secured €10 million (USD 12 million) series A investment.

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Michigan-based Wildfire Credit Union announces today that it is expanding its partnership with Engagement Banking technology provider Backbase to modernize its employee experience and improve its ability to deliver personalized member services. Wildfire will adopt Backbase’s Customer 360 Employee App, which consolidates a variety of member relationship management lines – including call centers, branch services, underwriters and loan officers – onto one single platform for a unified member experience.

IQAX Limited, a leading-edge information technology company providing intelligent digital solutions for global shipping and trade, today announced it has been officially commissioned by the Global Shipping Business Network (GSBN) to develop, enhance and operate the world-class blockchain platform.