What Cygnet does

Cygnet Pericon is an Indonesia-headquartered, privately-held enterprise software and services firm founded in 2000 that sells regulatory reporting, business intelligence, and data integration solutions to financial institutions across Asia Pacific, with primary delivery out of Jakarta and an active footprint in Singapore and Malaysia. The company's proprietary portfolio is anchored by three regulatory reporting products — ANTASENA+ (full Bank Indonesia computation and reporting with electronic submission in txt, csv, xml, xbrl formats, including Basel II capital adequacy), APOLO+ (Otoritas Jasa Keuangan reporting covering KPMM ATMR BUK, publication, condense and product/activity reports with maker-checker workflows), and REPORTER (end-to-end regulatory report automation built with Lombard Risk) — each backed by a license model that includes permanent, automatic upgrades whenever Indonesian regulations change.

Beyond its proprietary regtech stack, Cygnet resells and implements enterprise platforms from tier-one partners: SAP BusinessObjects (Web Intelligence, Dashboards, BI Platform, Design Studio, Lumira, Crystal Reports), Informatica (PowerCenter, Data Quality, Test Data Management), IBM (Cognos Analytics, DataStage), Oracle Financial Services Analytical Applications (OFSAAI, Watchlist Screening, OFCCM, ERM), and Moody's RCO. Solutions are deployed on premise or in the cloud with a professional services wrap that includes project-managed implementation, training, and a ticketed maintenance and support practice.

The business operates on a quote-based enterprise sales motion: revenues are a mix of subscription/recurring software licenses for the proprietary regtech products and project-based professional services and managed support for partner platforms. Customer segments are dominated by banking — with named logos including Bank Central Asia, Bank Mandiri, Bangkok Bank, CTBC Indonesia, and SBI Indonesia — alongside insurance, retail/distribution, and telecommunications. The company holds Gold Partner status with Oracle (since 2014) and Informatica, and partnerships with IBM (since 2011), SAP, and Moody's, supporting a channel that is essentially direct, partner-led enterprise field sales.

Name

Cygnet

Legal name

Cygnet Pericon

Website

https://cygnetpericon.com

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

1–10 employees

Short description

Cygnet Pericon is a Jakarta-based enterprise software and services firm founded in 2000 that delivers regulatory reporting, business intelligence, and data integration solutions to banks and financial institutions across Indonesia, Malaysia, and Singapore, combining its proprietary ANTASENA+, APOLO+, and REPORTER products with implementations of SAP, Oracle, IBM, and Informatica platforms.

Ownership category

akta.pro rank

Product category

Regulatory Compliance Software

SIC

Services-Management Services (8741)

akta.pro primary industry

Regulatory Change Management (RCM) (HDADAIAG)

Keywords

• Regulatory compliance software
• Business intelligence solutions
• Data integration platform
• Banking regulatory reporting
• Enterprise application services

Headquarters

HQ city

Jakarta

HQ country

Indonesia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Enterprise Application Implementation Services: Implementation services for enterprise software including SAP BusinessObjects, Informatica, Oracle Financial Services, and IBM solutions. Includes professional project management, technical consulting, and system deployment.
2. Maintenance and Support Services: Technical support services with dedicated team of experts. Includes user-friendly ticketing application for case monitoring and system optimization with reduced budget.
3. Training Services: Product training including SAP BusinessObjects Business Intelligence and other implemented systems. Helps build skilled workforce to handle and support systems.
4. Software Licensing (ANTASENA+, APOLO+, REPORTER): Regulatory compliance software solutions licensed to financial institutions. Solutions are permanently and automatically maintained to regulatory requirements as they change, with all necessary upgrades inclusive in the license.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Cygnet Pericon is a regulatory compliance, business intelligence, and data integration solutions provider serving financial institutions across Asia Pacific. It licenses proprietary regulatory reporting software (ANTASENA+, APOLO+, REPORTER) for Bank Indonesia and OJK compliance, and resells/implements partner platforms including SAP BusinessObjects, Informatica, Oracle Financial Services, and IBM Cognos/DataStage, complemented by implementation, training, and ongoing maintenance services.

Product overview

Cygnet Pericon is a regulatory compliance and business intelligence solutions provider offering a portfolio of enterprise software products and implementation services. The core product offerings include ANTASENA+ (Bank Indonesia regulatory reporting), APOLO+ (Otoritas Jasa Keuangan regulatory reporting), and REPORTER (Lombard Risk regulatory reporting). These regulatory reporting solutions are complemented by Business Intelligence tools including SAP BusinessObjects suite (Web Intelligence, Dashboard, BI Platform, Design Studio, Lumira, Crystal Reports) and IBM Cognos Analytics for self-service analytics and reporting. The company also provides Data Integration solutions through Informatica PowerCenter and IBM DataStage, Data Quality management via Informatica Data Quality, and Test Data Management through Informatica TDM. For financial services compliance, offerings include Oracle Financial Services Analytical Applications Infrastructure (OFSAAI), Oracle Financial Crime and Compliance Management (OFCCM), Oracle Watchlist Screening, Oracle Enterprise Risk Management (ERM), and Moody's RCO. The products are available on premise or in the cloud, with services including implementation, maintenance and support, and training.

Differentiator

Problem solved

Functional benefit

Brands

• ANTASENA+: Regulatory reporting solution supporting full Bank Indonesia computation and reporting requirements.
• APOLO+
• REPORTER

Products and services

• ANTASENA+ Proprietary regulatory reporting solution supporting full Bank Indonesia computation and reporting requirements. Provides full audit trails, variance analysis, GL vs. transactions reconciliation, drilldowns, and electronic output to Bank Indonesia in txt, csv, xml, and xbrl formats; permanently maintained to regulatory updates.
• APOLO+ Proprietary regulatory reporting system for submission to Otoritas Jasa Keuangan (OJK), covering KPMM ATMR BUK, Publication Reports, Condense Report, Product and Activity Report, and Human Resources Reporting. Features full maker-checker, customizable workflow, and electronic output to OJK in required formats.
• REPORTER End-to-end regulatory report automation solution covering data capture, consolidation, computation, and submission. Supports Bank Indonesia requirements including capital adequacy (Basel II), daily reporting, and automated data enhancement.
• Informatica PowerCenter Enterprise data integration platform resold and implemented by Cygnet Pericon, supporting the full data integration lifecycle to convert raw, fragmented data from disparate sources into business-ready information.
• IBM Cognos Analytics Next-generation self-service business intelligence offering for creating and personalizing dashboards and reports, with contextualized smart search and automatic data model generation, delivered through Cygnet's IBM partnership.
• IBM DataStage High-performance parallel framework data integration platform integrating data across multiple systems with extended metadata management, enterprise connectivity, and Hadoop/DB2 support.
• Oracle Watchlist Screening Financial crime compliance solution for screening master data against Sanctioned individuals, Politically Exposed Persons (PEPs), and high-risk organizations using sophisticated matching algorithms and risk scoring.
• Implementation Services Professional services for deploying Cygnet's solutions and partner platforms, overseen by a project management team and executed by qualified technical consultants and analysts with scheduling around client business hours or weekends to minimize operational disruption.
• Maintenance and Support Services Dedicated team of technical experts providing ongoing application maintenance and support, with a user-friendly ticketing application for case monitoring, aimed at optimizing operations with reduced budget.
• Training Services Product training including SAP BusinessObjects Business Intelligence and other implemented systems, designed to build client-side skilled workforce to handle and support deployed systems.

Quantifiable outcome

• Reduces manual errors and inefficiencies associated with manual regulatory reporting
• +2 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration14 records

AI capability5 records

Feature5 records

Partnerships

Four partnerships are on record, tiered core and major.

• OraclecoreTechnology or Integration · 1 January 2014Oracle Gold Partner since 2014 in Indonesia, authorized to sell and provide support services for Oracle Financial Services Analytical Application (OFSAA) products. Supported by local consultants who attended Oracle FSGBU Training Center in Bangalore, India. Oracle trusts Cygnet's capability and knowledge in both data and business aspects.
• IBMmajorTechnology or Integration · 1 January 2011Partnership since 2011 allows Cygnet to explore and develop application products from one of the biggest IT solutions companies. Provides access to IBM Cognos Analytics, IBM DataStage, and related solutions.
• InformaticacoreTechnology or IntegrationInformatica Gold Partner. Cygnet has become Informatica's partner with opportunity to collaborate in providing best solutions for clients. Implementing Informatica products for several big companies and top banks in Indonesia has granted Cygnet enough trust to become one of the best Informatica solution providers.
• SAPcoreTechnology or IntegrationProvides SAP BusinessObjects Business Intelligence tools and related solutions including SAP BO Web Intelligence, SAP BO Dashboard, SAP BI Platform, SAP Design Studio, SAP Lumira, and SAP Crystal Report. Cygnet offers SAP-related implementation, training, and support services.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Emerging players

• Talend: Data integration and data quality platform vendor (now part of Qlik). Comparable on the data-integration/ELT side of Cygnet's offering to mid-market and enterprise customers.
• Tableau (Salesforce): Self-service BI and visualization platform; now part of Salesforce. Comparable with Cygnet's SAP BusinessObjects / IBM Cognos BI implementation services as a competing modern analytics platform adopted by banks across APAC.
• Tookitaki: Singapore-headquartered regtech company offering AML, sanctions screening, and compliance solutions to APAC banks. Comparable as a regional SE Asia compliance-software competitor targeting the same banking compliance budgets.

Broad incumbents

• Informatica: Enterprise data integration and data quality platform vendor; Cygnet is an Informatica Gold Partner. Comparable as a data integration platform provider to the same banking customer base, and a potential channel-conflict competitor for data-management engagements.
• SAS: Major analytics and BI platform vendor (SAS Viya, SAS Risk) with deep banking presence in APAC. Comparable on the BI and risk-analytics dimensions of Cygnet's offering, with overlapping banking customers across Indonesia and SE Asia.
• FIS: Large financial-services technology provider with regulatory, risk, and compliance offerings (FIS Regulatory Reporting, Ambit) sold to banks globally. Comparable as a long-tenured banking-software incumbent operating across the same regulatory-reporting and risk-management categories.
• Wolters Kluwer: Global regtech and compliance technology incumbent whose OneSumX and TeamMate regulatory reporting platforms compete directly with ANTASENA+/APOLO+/REPORTER in banking compliance. Comparable as a multi-jurisdiction regulatory-reporting software provider to financial institutions.

Others

• Moody's Analytics: Subsidiary of Moody's Corporation providing regulatory reporting and risk solutions for banks. Cygnet partners with Moody's for RCO distribution in SE Asia, and Moody's is comparable as both a partner-channel companion and a competing regulatory-software supplier to the same banking market.

Regional players

• PT. Indosurya Inti International (IndoSys) / local Indonesian SI peers: Local Indonesian system integrators and BI/IT services firms (e.g., Metrodata, ATS, NTT Data Indonesia) compete with Cygnet for enterprise BI and data-integration work with the same Indonesian banking and enterprise accounts.

Direct peers

• BearingPoint: Management and technology consultancy with a strong banking regulatory reporting practice (ABACUS, RegTech) serving European and APAC banks. Directly comparable as an implementation partner and software-adjacent provider of regulatory compliance solutions to financial institutions.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cygnet