ZIGRAM and Q2 Technologies Partner to Combat Financial Crime in Indonesia

ZIGRAM has entered a strategic partnership with Q2 Technologies to deploy its integrated RegTech stack across Indonesia. For fintech professionals, this move signals a critical infrastructure shift in Southeast Asia, addressing a surge in financial scams by combining global Anti-Money Laundering (AML) technology with deep-rooted local cybersecurity expertise and delivery capabilities.

What was announced

ZIGRAM and Q2 Technologies have formed a strategic alliance to deliver advanced financial crime compliance solutions to the Indonesian market. Under the terms of the agreement, Q2 Technologies will act as ZIGRAM’s Authorized Partner in Indonesia, managing the complete client lifecycle for local institutions. This includes providing banks, insurance companies, and fintech firms with access to The Complete AML System, a comprehensive suite designed to handle the evolving regulatory landscape.

The partnership targets specific operational challenges in the region, offering capabilities such as customer and name screening, transaction monitoring, and entity risk assessment. The urgency of the rollout is underscored by recent data from the Financial Services Authority (OJK). Since its launch in November 2024, the Indonesia Anti-Scam Centre (IASC) has processed 608,167 reports as of 30 June 2026. These reports involved over 1.08 million accounts, resulting in 557,751 accounts being blocked and the securing of IDR 674.1 billion in victim funds. By integrating ZIGRAM’s data and intelligence capabilities with Q2 Technologies’ local presence, the two firms aim to provide a connected ecosystem that aligns with the specific pricing and regulatory realities of the Indonesian financial sector.

"Indonesia is a strategic market for ZIGRAM and an important part of our expansion across Southeast Asia. Through our partnership with Q2 Technologies, we are combining our RegTech and financial crime compliance capabilities with strong local market expertise to help banks, insurance companies, fintechs and other financial institutions navigate evolving compliance requirements more effectively. Together, we aim to provide solutions that support institutions in managing compliance with greater confidence and efficiency, while addressing the needs of the local regulatory landscape,"

Abhishek Bali, CEO and Co-Founder of ZIGRAM.

The companies involved

ZIGRAM is a global RegTech organization specializing in Anti-Money Laundering (AML), fraud monitoring, and financial crime compliance. The company provides an integrated RegTech stack that leverages data and intelligence to help financial institutions manage risk and regulatory obligations. ZIGRAM has identified Southeast Asia, and specifically Indonesia, as a primary pillar of its regional growth strategy.

Q2 Technologies is a prominent provider of financial crime compliance and cybersecurity solutions based in Indonesia. With an established presence in Southeast Asia, the firm offers local market expertise and delivery capabilities tailored to the regional financial ecosystem. By serving as the authorized partner for ZIGRAM, Q2 Technologies bridges the gap between global compliance technology and the specific operational requirements of Indonesian financial institutions.

The regulatory environment for this partnership is overseen by the Financial Services Authority (OJK), which manages the Indonesia Anti-Scam Centre (IASC). These bodies are responsible for monitoring the significant volume of fraud reports and account interventions that define the current Indonesian financial landscape.

What this means

This partnership highlights a growing trend where global RegTech providers must pivot toward hyper-localization to succeed in Southeast Asia. The sheer volume of reported scams in Indonesia—surpassing 600,000 in less than two years—puts immense pressure on domestic banks and fintechs to modernize their defenses. By aligning ZIGRAM’s technology with Q2’s local footprint, the market is seeing a direct challenge to legacy compliance providers who may lack the specific regional data or price flexibility required. The move raises a critical question for the sector: can integrated ecosystems effectively curb fraud at scale, or will the rapid evolution of financial scams continue to outpace even the most sophisticated automated monitoring systems?