Apiwiz and Tonik join forces to accelerate digital


SEATTLE, December 9, 2021 (GLOBE NEWSWIRE) – Apiwiz, a APIOps Low Code platform, today announces its partnership with Tonik, the first digital-only neobank in the Philippines, to accelerate regulatory compliance banking services. Tonik also selected Apiwiz to establish collaborative API governance between various teams and streamline partnerships with existing and new service providers.

Tonik delivers deposit, payment and card products to consumers on a fully secure, branchless digital platform that is disrupting the retail banking industry. The objective of the néobanque is to strengthen its presence in the fintech space and to accelerate the deployment of additional loan and payment products with Open Banking APIs and regulatory compliance. Tonik will deliver a complete customer experience by combining best practices and API governance by constantly streamlining cross-functional team processes.

Apiwiz helps companies in the API economy better manage the value creation of customer-centric automated services by simplifying the process of API development, management and monetization. Its unified development portal provides an overview of a company’s inter-organizational strategy, fosters internal and partner API adoption, simplifies integration, and offers automatically-generated interactive API documentation, guides and kits. software development (SDK).

The partnership marks a milestone in how digital banks can streamline the process of developing, building and running APIs to drive financial inclusion and deliver solutions to unbanked communities.

The year 2021 also marks the time when companies around the world increasingly use APIs to build software and connect systems. Proper API management can manage the various connections and dependencies between APIs, reduce API sprawl, and make each API version predictable and repeatable for greater scalability.

More information on Apwiz here.

“We are delighted to partner with Tonik, Southeast Asia’s leading digital bank, to accelerate their Open API banking initiative and generate new revenue streams,” said Darshan Shivashankar, Founder of Apiwiz.

“Tonik’s vision of launching a pure digital bank to transform banking operations in Southeast Asia began in 2018. At the heart of this vision is the use of an open, multi-cloud, banking experience driven by MI / AI, ”said Arivuvel Ramu, Tonik’s CTO. “Our collaboration with Apiwiz is instrumental in improving our Open API platform with the addition of API lifecycle management, developer portal and consent management in addition to our Google platform. Existing Apigee. These enhancements will accelerate connections within our partner ecosystem in Southeast Asia. And monetization through API as a new commercial revenue channel by Q1 2022. “

About Apiwiz

Apiwiz is a comprehensive, low-code APIOps platform that simplifies API lifecycle management for developers and enterprises. As part of the DevOps API, Apiwiz lets you plan and design, build and manage, test and deploy, and finally publish and monitor all in one place. Apiwiz unlocks better productivity within API lifecycle management, promoting customer-centric experiences through fast time-to-market and creating connected ecosystems for APIs.

About Tonik

Tonik is the first digital-only neobank in the Philippines, providing deposit, payment and card products to consumers on a highly secure digital banking platform. The neobank operates on the basis of its own banking license issued by the Bangko Sentral ng Pilipinas. Tonik is led by a team of retail finance veterans who have built and grown multiple retail and fintech banks in global emerging markets. It is backed by the best international venture capital funds, including Sequoia India and Point72 Ventures. Tonik operates from hubs in Singapore (HQ), Manila, Chennai and Kiev.

For media contacts:
Kristel artates
pr@tonikbank.com

CONTACT
Jacob Crompton Schreiber
1-646-480-0356
jacob@publicize.co

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Image 1: Apiwiz logo

Apiwiz logo

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