FinTech Magazine - May 2022 | Page 181

TONIK
GREG KRASNOV
TITLE : FOUNDER AND CEO INDUSTRY : DIGITAL BANKING LOCATION : THE PHILIPPINES
Greg is the Founder and CEO of Tonik , the first neobank in the Philippines . The neobank operates on the basis of its own digital bank license by the Bangko Sentral ng Pilipinas ( BSP ) and is backed by top international venture capital funds . Prior to Tonik , Greg co-founded and chaired multiple other successful Asian fintech companies ( FORUM , Credolab , FLOW , Solarhome , AsiaKredit ) and a consumer bank in Emerging Europe ( Platinum Bank ). At the beginning of his career , he spent 10 years in Private Equity - Leveraged Buyouts at Bank of America ( London ) and Innova Capital ( Warsaw ). A regional fintech thought leader , Greg was recogniszed as Director of the Year at the Asia FinTech Awards 2021 and one of the Top 12 Fintech Leaders in 2021 at Singapore Fintech Association ( SFA ). He was also recognized as Financier of the Year in Ukraine at the National Awards 2011 .
“ The potential is enormous because of the population of a place like the Philippines – namely 111 million people – where 70 % don ' t even have bank accounts and 95 % have never taken a bank loan , which represents an enormous potential ,” says Krasnov .
Tonik and digital transformation Because Tonik launched in 2021 , it hasn ’ t experienced the challenges of legacy and

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