PryvX and TIMCorp Join Forces to Combat Digital Fraud in Indonesia
JAKARTA / BARCELONA — In a major move to bolster Indonesia’s digital financial security, PryvX AB and PT Techno International Mandira (TIMCorp) announced a strategic partnership on March 3, 2026 at the Mobile World Congress (MWC).
The two companies are launching a next-generation, privacy-preserving Anti-Fraud Intelligence platform designed specifically for Indonesia’s financial services, private industries, and government agencies.
Solving the "Privacy vs. Security" Dilemma
As Indonesia undergoes a rapid digital transformation, financial institutions have faced a growing challenge: how to share fraud data to catch criminals without violating strict new privacy laws like the PDP Law No. 22/2022.
The PryvX–TIMCorp alliance solves this by using Privacy Enhancing Technology (PET). This allows banks and agencies to collaborate and detect "mule networks" or identity fraud without ever sharing the raw, sensitive data of their customers.
High-Tech Defense on the Cloud
The new platform will be orchestrated on Amazon Web Services (AWS), combining TIMCorp’s expertise in cloud-native architecture with PryvX’s sophisticated detection engines. The solution utilizes several cutting-edge technologies:
Homomorphic Encryption: Processing data while it remains encrypted.
Federated Learning: Training AI models across different institutions without moving the data to a central location.
Multi-Party Computation (MPC) : Supporting joint computation of risk metrics across organizations.
Zero-Knowledge Proofs: Proving compliance or risk levels without revealing the underlying financial details.
Leadership Insights
Gaspar Wosa, CEO of PryvX, said: “Fraud today operates across institutional boundaries, but regulation often restricts collaboration. At PryvX, we believe privacy and intelligence must coexist. Our proprietary Fraud Analytics Engine allows financial institutions in Indonesia to detect cross-platform threats without exposing raw customer data. Together with TIMCorp, we are building a secure, world-class Anti-Fraud platform that strengthens systemic resilience while respecting privacy laws.”
Bintang Juliarso, CEO of TIMCorp, added: “Indonesia’s financial ecosystem needs a secure bridge between innovation and regulation. By orchestrating PryvX’s advanced fraud analytics on AWS cloud infrastructure, we enable scalable, compliant, and real-time collaboration. This alliance is not just about technology—it is about enhancing regulatory oversight, market integrity, and national digital trust.”
What This Means for the Industry
This partnership establishes a new benchmark for the Indonesian market. By merging global anti-fraud innovation with local cloud integration leadership, PryvX and TIMCorp are providing a scalable, real-time solution to protect the national digital economy from increasingly sophisticated cyber-threats.
About the Partners
PryvX: A global leader in privacy-preserving data collaboration, helping industries solve multi-billion dollar challenges while remaining 100% compliant with laws like GDPR and PDP.
TIMCorp: A premier Indonesian cloud system integrator specializing in AWS infrastructure, AI analytics, and managed services.
For media inquiries, please contact:
Lucky Mirza | lucky.mirza@timcorp.id