The Philippines’ first neobank Tonik chooses NetGuardians and Finastra as fraud mitigation partner

We are delighted to announce that Tonik, the first neobank to be granted a digital banking license in the Philippines, has selected NetGuardians and Finastra’s AI-based fraud mitigation solution to help reduce fraud by preventing fraudulent payments in real time.

The solution will be able to accurately spot fraud with ready-to-go AI risk models. This will help improve customers’ experience by reducing false alerts of fraud, as well as giving them a high level of protection from fraudsters across all Tonik’s payment channels.

We’re grateful for the trust and confidence Tonik has placed in us and look forward to helping them fight against fraud in the Philippines.