Check this out: PT Kustodian Sentral Efek Indonesia (KSEI) president director Heri Sunaryadi (left) talks to Financial Services Authority (OJK) commissioner for capital market supervision Nurhaida (second left), acting Permata Bank president director M
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Permata Bank is cooperating with the Indonesian Central Securities Depository (KSEI) to allow customers to check their investment accounts and assets recorded by KSEI through ATM.
Under their cooperation, a system integrates KSEI's AKSes card ' a tool that allows investors to access any information about their securities and fund mutation of their portfolio investment accounts online ' with the 920 Permata ATMs across the country, KSEI president director Heri Sunaryadi says.
'The integrated system will definitely benefit Permata customers who invest through KSEI clients, as this system would ease them in checking their balance without contacting the stock exchange members through phones like they usually do,' Heri told reporters on Friday.
According to Heri, the institution aimed to conduct similar cooperation with at least another five custodian banks this year, including state-owned ones.
'The system with Permata Bank is set to be effective in June this year. We will soon announce similar cooperation with other custodian banks,' Heri said, adding that preparations had begun in December last year.
Heri said that the cooperation with banks would hopefully increase the investors' login frequency through AKSes to 15 percent with the integrated system.
Data from KSEI shows that up until the end of December 2013, only around 13 percent of a total 320,000 investors logged on through AKSes, which was launched in 2010.
Financial Services Authority (OJK) commissioner for capital market supervision Nurhaida said that the cooperation would further enlighten the public about capital markets.
'Information access through ATMs is a great beginning. As a part of the public's daily life, we hope that this integrated system would further increase public interest in investing in the capital market,' Nurhaida said.
Separately, Permata wholesale banking director Roy Arman Arfandy said that with the integrated system, the bank expected to see an increase in the number of customers this year.
'We are targeting an increase in the number of customers with security investments by 20 percent this year. This cooperation is one approach to reach the target,' Roy told reporters, citing that the bank currently had 12,600 customers with securities investments.
'In 2012, the number was only 9,000. The number has increased significantly as we continue promotion and improving the facility to ease the customers in doing transactions.'
He said that in the future, the system would also be integrated with the bank's Internet banking and mobile banking services.
Roy said that the bank had not allocated a specific investment budget to develop that system.
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