PHOENIQS and Nongsa Digital Park Sign Sovereign AI MoU Targeting Banks in Batam

PHOENIQS AG, a Swiss provider of sovereign cloud and AI infrastructure, has signed a memorandum of understanding with Nongsa Digital Park, the special economic zone in Batam, Indonesia, to develop "Nongsa Sovereign AI" services for banks, public institutions and manufacturers. The agreement was signed in Switzerland on 29 October 2026 and publicized in early November through Indonesian media and the Indonesian embassy in Bern. The companies plan to begin with joint pilots alongside banks and manufacturers in Batam.

The offering combines Nongsa Digital Park's data center capacity and connectivity with PHOENIQS' sovereign cloud stack, which features confidential computing, customer-held encryption keys, and locally controlled data and audit trails — a setup the vendors link to compliance with Indonesia's Personal Data Protection Law. The services also target Singapore-based banks and companies operating in Indonesia, and the partners plan a Sovereign AI Academy and a hackathon scheduled for January 2027. No pilot banks have been named and technical capability claims are vendor-reported.