The Financial Services Authority (OJK) has taken a bold step in modernizing Indonesia’s capital market oversight by launching the Capital Market Big Data Analytics (BDA PM) application, named OSIDA PMDK. The launch event took place at OJK's headquarters in Jakarta on Monday (February 24, 2025), with Inarno Djajadi, Executive Head of Capital Market, Derivatives Finance, and Carbon Exchange Supervision at OJK, leading the announcement.

OSIDA PMDK is part of OJK's strategic agenda to strengthen the financial services sector by transforming its supervision process through information technology. This initiative aims to enhance market surveillance, ensuring a more orderly, fair, and efficient capital market while boosting investor protection.

According to Inarno, the development of OSIDA PMDK aligns with OJK’s Destination Statement for 2022–2027, which emphasizes improving integrated and transparent data management and services. He highlighted that the application is also tied to the Indonesian Capital Market Roadmap 2023–2027, specifically under the action plan to strengthen market infrastructure — a crucial aspect of investor protection efforts.

Beyond merely collecting data and analytics from the capital market, OSIDA PMDK is designed for future integration with data from financial derivatives, carbon exchanges, and other OJK sectors. These include banking, insurance, venture capital, financial technology (fintech), digital assets, and even cryptocurrency.

Inarno stressed that OSIDA PMDK is not just a tool for the Capital Market, Derivatives Finance, and Carbon Exchange (PMDK) team but should be utilized across all OJK units and self-regulatory organizations (SRO). He urged all relevant parties to responsibly use the data and information available through the platform.

The newly launched BDA PM platform currently features two key modules: Investor Profile and PE Segmentation. By the end of the year, it will also include market manipulation recognition, market-driven analysis, and behavior analysis for securities companies.

Looking ahead, OJK plans to expand the platform’s capabilities by adding fraud detection and alert monitoring for the primary market, equity market, issuers, and mutual fund liquidity. The agency is also exploring advanced technologies such as graph network tools (Digramatic), machine learning, and generative AI to further refine market monitoring.

The launch event was attended by leaders from SROs, including the Indonesia Stock Exchange (IDX), KSEI (Indonesian Central Securities Depository), and KPEI (Indonesian Clearing and Guarantee Corporation), signaling strong collaboration between OJK and key market players.

PHOTO: OJK

This article was created with AI assistance.