Indonesia’s Financial Services Authority (OJK) has launched a new data analytics app, OSIDA PMDK, to enhance its oversight of the capital market and strengthen investor protection.
The system, utilising big data, aims to provide more comprehensive, faster, and efficient market surveillance.
OJK’s Capital Market Supervisory Head, Inarno Djajadi, stated that OSIDA PMDK is part of the agency’s strategy to modernise its supervisory tools through technology.
The application will initially focus on investor profiles and market segmentation, with plans to expand its capabilities to detect market manipulation, analyse market trends, and monitor securities company behaviour.
Future developments include fraud identification, liquidity monitoring across various market segments, and the integration of advanced technologies like machine learning and AI.
OJK also intends to integrate data from other financial sectors and external institutions for a broader analytical perspective.
The launch aligns with OJK’s goal to improve data management and services, as well as the Indonesian Capital Market Roadmap’s focus on strengthening supervisory infrastructure and investor protection.
“This is in line with the 2023-2027 Indonesian Capital Market Roadmap in the action plan for the Supervisory Infrastructure Strengthening program, which is part of development pillar 4 regarding Improving a Series of Efforts in the Framework of Investor Protection,”
said Inarno.
