Company History
From Enterprise Technology to Regulatory Intelligence
Since 2000, Cygnet Pericon has evolved alongside Indonesia's financial industry, growing from an enterprise technology consulting company into a trusted provider of regulatory reporting and data solutions for financial institutions.
Our Journey
Over the years, we have experienced market disruptions, changing technologies, industry consolidation, and evolving regulations. Each chapter has shaped the way we build technology today—placing regulatory knowledge, data integrity, and long-term adaptability at the center of everything we do.
2000 — Laying the Foundation
Cygnet Pericon was established as an enterprise technology consulting company, delivering ERP implementation projects across Indonesia and the region. Following a strategic merger in 2001, the company expanded its capabilities by combining enterprise application expertise with network and infrastructure solutions, creating the foundation for future growth.
2002 — A Shift Toward Business Intelligence
The slowdown of the global technology market in the early 2000s prompted a strategic shift. Under the leadership of Hendra Suhartanto, Cygnet Pericon invested in Business Intelligence, helping organizations turn operational data into meaningful business information. This also marked the company’s first step toward enterprise reporting and data management.
2002–2004 — Entering Regulatory Reporting
As regulatory requirements for financial institutions became increasingly complex, Cygnet Pericon expanded into regulatory reporting. Working with leading banks and international technology partners, the company developed expertise in Indonesian regulatory requirements, business rules, validation logic, and reporting processes.
2004–2008 — Growing with the Banking Industry
A strategic partnership with PT Sigma Cipta Caraka significantly expanded the reach of Cygnet Pericon’s regulatory reporting solutions. Adoption grew from a handful of financial institutions to dozens of banks, establishing the company as a recognized regulatory reporting specialist in Indonesia.
2008–2013 — Supporting an Evolving Regulatory Landscape
As Bank Indonesia and later OJK introduced new reporting requirements, Cygnet Pericon continued to expand its capabilities, supporting a growing number of domestic and international financial institutions across multiple regulatory reporting frameworks.
2013–Present — Building Independent Regulatory Intelligence
Rather than tying regulatory expertise to a single execution platform, Cygnet Pericon focused on preserving and continuously developing its regulatory knowledge. Business rules, validation logic, mapping knowledge, and Indonesian regulatory expertise remained independent of the underlying technology. This approach led to the development of the Cygnet Regulatory Reporting Solution (CRRS) on a new technology platform.
Today — Looking Ahead
Today, Cygnet Pericon continues to build on that foundation. With more than two decades of experience in regulatory reporting, the company is expanding its focus toward Regulatory Intelligence with CygnetONE—transforming regulatory knowledge into structured, reusable assets that help financial institutions adapt more quickly to change.
Vision & Mission
Our vision and mission guide how we build technology, develop regulatory intelligence, and create long-term value for our customers.
Our Vision
To shape the future of Regulatory Intelligence by enabling organizations to transform regulatory complexity into business confidence.
Our Mission
Our mission is to turn regulatory knowledge, trusted technology, and strong partnerships into lasting business value.
Advance Regulatory Intelligence
Transform regulatory knowledge into reusable intelligence that enables organizations to adapt quickly and confidently to regulatory change.
Deliver Trusted Technology
Build enterprise solutions that strengthen data quality, governance, compliance, and operational excellence.
Enable Better Decisions
Create trusted data foundations that support informed business decisions and regulatory confidence.
Build Strong Partnerships
Develop long-term relationships founded on integrity, collaboration, and measurable business value.
Innovate with Purpose
Continuously invest in technologies that simplify complexity while maintaining the reliability, security, and quality expected by enterprise organizations.
What We Believe
Technology should simplify complexity, not create it. Every solution begins with understanding our customers' business objectives before selecting the right solution. We believe that sustainable transformation is built on trusted information, strong governance, and solutions designed to adapt as regulations and business needs evolve.
Our Commitment
Our success is measured by the long-term value we create for our customers. We are committed to building trusted partnerships through technical excellence, continuous innovation, and solutions that deliver measurable business outcomes long after implementation is complete.
Our Values
The principles that shape how we work with our customers, partners, and each other.
Integrity
We build trust through honesty, transparency, and accountability.
Excellence
We pursue the highest standards in everything we do.
Innovation
We challenge conventional approaches to solve increasingly complex problems.
Collaboration
We believe the best outcomes are achieved together with our customers and partners.
Customer Success
Our success is defined by the success of those we serve.
More than 25 years of experience
Helping financial institutions navigate regulatory change with confidence.