The Indonesian Central Securities Depository (KSEI) launched its most-updated platform for investment monitoring. The platform named AKSes Next-G (Securities Ownership Reference Next Generation) allows the investors to monitor their portfolio and check the balance in their account. The investors are also able to compare KSEI data with account statements from securities companies and custodian banks through the platform.
The updated system also makes the platform easier to access. Now, the investors only need to submit their personal data namely identity card number (NIK) for local investor and passport number for foreign investor, along with their name, email and phone number to access AKSes Next-G. The registration process also includes data verification from Central Depository and Book Entry Settlement System (C-BEST), the main system of KSEI. Previously, the investors need to receive AKSes card and pin code first before they are able to login to the platform.
“One of the reasons KSEI upgrades AKSes Next-G is the low utilization of this facility, as well as the demand from investor for easier and faster login process,” says Frederica Widyasari Dewi, KSEI President Director during the launching on May 20.
The platform was firstly launched in 2009 with name Investor Area. In 2011, the platform was re-branded with name AKSes. However, Frederica says the investors who uses the facility is still lower than 12% in the end of 2018. According to KSEI, there are 1,891,601 stock market investors as of May 16.
AKSes Next-G is not only developed for the investors, but also for the stakeholders such as securities companies, custodian banks, public company, investment manager and selling agent. KSEI also going to integrate the facility with other systems like Emiten Area, Online Research and Centralized Historical Data (ORCHiD), as well as e-proxy and e-voting platforms.