TONIK, a Singapore-based pure play licensed digital bank, has selected the Essentials Anti-Money Laundering solutions suite from NICE Actimize to support the development of a secure banking environment for its new customer base following approval to establish a regulated bank in the Philippines. One of the first digital-only banks in the region in the Southeast Asian region, TONIK will use AML Essentials (a cloud-based offering that is built upon NICE Actimize’s end-to-end anti-money laundering platform) to address the challenges of digital transformation. The product suite includes Transaction Monitoring, Customer Due Diligence, and Sanctions Screening capabilities.
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