Data Firm ZIGRAM Enters Indonesia to Fight Growing Financial Crime
Jakarta, Tuesday, 25 August 2026.
ZIGRAM partnered with Q2 Technologies on August 25, 2026, to combat Indonesian financial crime, addressing a surge where local authorities recently blocked over 550,000 fraud-linked bank accounts.
Strategic Partnership Announcement
ZIGRAM, a data and regtech firm, announced a strategic partnership with Indonesia-based Q2 Technologies on August 25, 2026, aimed at expanding anti-money laundering (AML) and compliance infrastructure across Southeast Asia [1][2]. The collaboration combines ZIGRAM’s integrated AML tech stack and risk data capabilities with Q2 Technologies’ local implementation expertise to assist financial institutions in navigating increasingly complex regulatory environments in emerging Asian markets [1][2]. This agreement designates Q2 Technologies as ZIGRAM’s Authorized Partner in Indonesia, offering “The Complete AML System” and providing local delivery, implementation, and support for the full client lifecycle [1][2].
Rising Financial Crime in Indonesia
The partnership addresses a critical need highlighted by recent data from the Indonesia Anti-Scam Centre (IASC), which was launched in November 2024 [1][2]. As of June 30, 2026, the IASC recorded 608,167 reports and 1,085,607 reported accounts, resulting in 557,751 blocked accounts and secured IDR 674.1 billion in victims’ funds [1][2]. These figures, reported by the Financial Services Authority (OJK), underscore the urgency for robust compliance solutions in the region [2].
Operational Capabilities and Scope
ZIGRAM operates in over 12 countries and maintains a risk data library containing 3,452+ global watchlists, 9 billion+ content items, and coverage of 250+ jurisdictions in 45 languages [1][2]. The company has completed over 1,500 deployments globally, leveraging this infrastructure to support banks, insurance companies, fintechs, and other financial institutions [1][2]. Q2 Technologies, a subsidiary of CTI Group focused on digital transformation, will integrate this RegTech stack with local expertise to support financial institutions across the compliance lifecycle [1][2].
Leadership Perspectives on Compliance
Abhishek Bali, CEO and Co-Founder of ZIGRAM, stated that Indonesia is a strategic market and an important part of their expansion across Southeast Asia [1][2]. Zulfadli Zizar, Head of Financial Crime Compliance at Q2 Technologies, noted that the integrated solution supports the complete compliance lifecycle at a price point aligned with the realities of the Indonesian market [1][2]. Together, the companies aim to provide solutions that support institutions in managing compliance with greater confidence and efficiency [1][2].