TONIK chooses V-Key as the Mobile Security Partner for its Digital Bank in the Philippines
TONIK has announced that it has chosen V-Key’s V-OS App Protection on V-OS Cloud to secure their first pure-play Digital Bank in the Philippines.
TONIK being a digital-only “neobank” relies on the mobile app as the main contact point for its customers. The ability to provide a trusted and secure environment for its customers to perform their banking transactions is critical to the customer experience for its services, according to a V-Key press release.
Built on V-Key’s patented Virtual Secure Element technology, V-OS App Protection provides an added layer of tamper protection and security enhancements. V-OS secures sensitive processing and data, ensuring app integrity when deployed, and safeguarding user privacy even if the device is lost or compromised. It checks for malware, prevents Main-in-the-Middle (MITM) attacks, combats tampering, and even provides a secure, anti-fraud keyboard for data input.
The V-OS App Protection that TONIK chose to deploy resides on V-Key’s Cloud Platform, also known as V-OS Cloud. Powered by the Microsoft Azure Cloud Platform, V-OS Cloud offers the same powerful App Protection functions as on-premise servers. It provides agile deployment of the solution thus shortening time to market and simplifying customer support.
Greg Krasnov, CEO & Founder at TONIK, said: "We selected V-Key because of V-Key’s history with major banks around the region, where its solutions were well validated and tested. Its technology is protected by a global patent and has been proven to deliver the trust factor and security to customers, which is among the most important issues for our potential customers in the Philippines.”
Joseph Gan, CEO & Founder, V-Key, said: “At V-Key, we constantly put our solutions through stringent penetration tests and achieve global certifications to ensure we live up to the trust of our customers. Going one step further, we have incorporated Threat Intelligence whereby the latest identified threats are automatically updated to our deployed V-OS App Protection platform. We look forward to providing a secure environment for TONIK in order for it to serve its customers leveraging truly disruptive innovations and technologies.”
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