Digital Bank Tonik Now Allows National Identity Cards for Account Creation
In a significant move towards digitalizing banking services in the Philippines, Tonik Digital Bank has announced that it will be the first to implement the Philippine Identification System (PhilSys) ID verification for its services. This integration, which took place in August 2025, aligns with the national ID programme's goal of streamlining access to financial services and promoting a more inclusive digital economy.
The new system, made possible by the recently available PhilSys API, delivers a fast and automated Know Your Customer (KYC) process. Customers can now upload their PhilSys ID directly from their phones for the verification process, which takes less than 10 seconds. This integration removes a barrier for individuals struggling to provide a valid government-issued ID, making banking services more accessible.
The API cross-checks data points, including biometric matches and QR code information, which eliminates the need for manual checks. This not only enhances security but also reduces the risk of fraud. The new system also aims to streamline and simplify the banking process for Tonik Digital Bank customers.
With the implementation of PhilSys ID verification, account opening, self-service ID updates, account upgrades, and reopening accounts can now be done using the PhilSys ID. This means that more customers can now access formal banking services, including those who previously did not have a valid ID. Beginning to build a credit history is now possible for more customers due to this integration.
The automated process designed by Tonik Digital Bank also aims to accelerate customer onboarding. This is a crucial step towards promoting a more inclusive digital economy in the Philippines, as it allows new and existing customers to use their National ID for various banking processes.
The reduction of fraud risk is another goal of the new system. By accepting all formats of the PhilSys ID, including the physical card, digital copies, and the eGov app ID, Tonik Digital Bank ensures a secure and efficient verification process. This integration supports the goal of Tonik's adoption of the PhilSys API, which is to align with the national ID programme's goal of streamlining access to financial services.
In conclusion, the implementation of PhilSys ID verification by Tonik Digital Bank is a significant step towards digitalizing banking services in the Philippines. It promotes a more inclusive digital economy, makes banking services more accessible, and enhances security. As more businesses follow suit, the Philippines is poised to reap the benefits of a more efficient and secure digital banking system.
