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Mandiri Sekuritas improves online platform to attract retail investors
The company hopes to have 148,000 users by the end of this year.
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President Joko “Jokowi” Widodo delivers a speech during a ceremony to mark the start of stock trading at the Indonesian Stock Exchange (IDX) in Jakarta on Jan. 2. (Antara/Hafidz Mubarak A)
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T Mandiri Sekuritas, a subsidiary of state-owned Bank Mandiri, is aiming to further improve its online stock trading platform to attract more retail investors using its brokerage services.
With the improved online trading application, called MOST, the company hopes to have 148,000 users by the end of this year or a 25 percent increase from 119,000 in 2019, Mandiri Sekuritas executive vice president Theodora VN Manik said in Jakarta on Wednesday.
In order to attract more retail investors, the company is targeting to make MOST more convenient and secure, she said, adding that more than 80 percent of its retail investors carried out transactions through the app.
“With the addition of digital signature features, the authorization process can be shortened from seven days to one day.”
One of the company’s programs for MOST is to introduce a feature that enables its users to take part in online lessons in which they can, among other subjects, learn the mechanisms of investing in the equity market.
According to the company’s internal survey, 60 to 70 percent of its investors are between the ages of 18 and 31, with a majority residing in Jakarta and Surabaya in East Java.
Mandiri Sekuritas president director Dannif Danusaputro said the application could also be used by the visually impaired, who could choose the audio feature to help them carry out transactions and manage their investments. (ydp)
