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Tonik Financial has raised USD 12 million in a Pre-Series C funding round to strengthen the regulatory capital position of Tonik Digital Bank under the Central Bank of the Philippines'' requirements.
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United Fintech has secured an investment from Barclays, further strengthening its shareholder base of banks, which includes BNP Paribas, Citi and Danske Bank and most recently Standard Chartered.
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The two companies aim to provide payment processing and church management software through a single digital hub
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PAObank has joined Citi in a strategic collaboration aimed at launching a new currency exchange (FX) solution for its retail customers across Hong Kong.
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Zigi, the digital innovation unit of Banco Industrial, has expanded its work with Thought Machine as it continues to develop banking services built on Vault Core.
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