WIDTH, Nawadata partner to strengthen financial compliance in Indonesia

Jakarta (ANTARA) - AI-driven compliance platform WIDTH has partnered with Indonesian financial technology company Nawadata to help banks and financial institutions strengthen regulatory compliance, risk management and financial crime prevention amid accelerating digital transformation.

The partnership combines WIDTH's artificial intelligence (AI)-powered compliance solutions with Nawadata's expertise in regulatory reporting, risk management and credit management to support Indonesia's financial services industry.

Co-Founder and CEO of WIDTH Chye Kit Chionh said the collaboration would help financial institutions expand digital services while strengthening anti-money laundering, counter-terrorism financing and fraud prevention measures. "Banks and financial institutions in Indonesia are moving more customer journeys online while strengthening their AML/CFT and fraud controls," he said in a statement.

WIDTH provides an integrated platform covering digital onboarding, Know Your Customer (KYC), Know Your Business (KYB), transaction monitoring, fraud detection and case management. Its AI Reviewer supports evidence-based compliance assessments, while Graph Intelligence identifies connections between customers, companies and counterparties, with final decisions remaining under human oversight.

Meanwhile, Nawadata, which serves four of Indonesia's 10 largest banks by assets, offers financial technology solutions through its OneReporting, OneFCC and OneRisk platforms, alongside credit management and process automation systems.

Nawadata CEO Johan Peterson said the partnership would provide financial institutions with broader access to technology supporting regulatory compliance and operational efficiency. "Working with WIDTH gives our clients access to a specialist partner for digital onboarding, KYC and KYB, and AI-assisted compliance review, alongside the reporting, risk and credit systems they rely on from Nawadata," he said.

The collaboration comes as Indonesian financial institutions face increasing regulatory requirements from the Financial Services Authority (OJK) and Bank Indonesia, including anti-money laundering obligations and the implementation of anti-fraud strategies. Through the partnership, both companies aim to strengthen compliance capabilities, improve risk controls and support the digital transformation of Indonesia's financial services sector.