“What high-security physical debit card experience can a digital-first neobank offer its customers?”
Physical appears to be a debit card or neobank product associated with Tonik, a digital bank. The IBS Intelligence article references 'Tonik launches Physical debit cards with high security features,' suggesting Physical may be a branded physical debit card product of Tonik rather than a standalone company. Evidence is extremely thin and the company's independent profile cannot be confirmed from the available data.