Remiges, APEI Push AI Surveillance to Strengthen Market Trust

JAKARTA, Investortrust.id — Remiges Technologies, a Mumbai-based global capital market technology company, and Indonesian Securities Companies Association, or APEI, hold a market surveillance discussion on Thursday, Jan 29, 2026 in Jakarta to strengthen transaction security and investor confidence as risks from coordinated trading and manipulation grow. The initiative highlights how artificial intelligence tools can detect suspicious activity in real time and reinforce market integrity.

The discussion, titled “Modern Market Surveillance: From Alerts to Intelligence,” was held to address emerging risks in Indonesia’s capital market and to introduce advanced monitoring approaches used in more mature markets.

The discussion took place amid a sharp sell-off in Indonesia’s stock market in the last two days following MSCI’s latest update, which triggered heightened volatility and renewed concerns over market transparency and integrity. The timing underscored growing urgency among market participants to strengthen surveillance and governance frameworks as non-fundamental trading patterns came under scrutiny.

Managing Director and CEO of Remiges Technologies Shraddha Thanawala said current challenges included coordinated transactions, price manipulation, and misuse of client fund accounts that could undermine trust if left unchecked.

He said Remiges applied artificial intelligence and machine learning to monitor trading patterns across systems, comparing the function to CCTV in physical spaces but focused on transaction behavior rather than locations.

“The system assigns a probability risk level to every transaction,” Shraddha said. “Low-risk transactions are cleared, medium-risk ones trigger broker review, and high-risk transactions are recommended to be temporarily halted.”

Remiges offers two main products, Serversage and Crux, which were designed to provide end-to-end observability and rule-based anti-money laundering detection across trading systems.

Shraddha said the combination allowed early detection and prevention of potential fraud, adding that transparency at the broker level was essential to building long-term investor trust.

“When brokers have control and visibility over what happens in the market, investors see that their transactions are safe,” he said. “That is where market confidence begins.”

Executive Director of APEI Lily Widjaja said the association aimed to learn from India’s experience, noting that its capital market surveillance framework was significantly more advanced.

“Such surveillance systems enable early detection, anticipation, and risk mitigation,” Lily said. “We want to see how relevant these solutions are for Indonesia’s capital market.”

APEI Director Darma Lantap added that while some Indonesian brokerage members already used monitoring technology, its capabilities remained limited compared with systems deployed in India.

“Local solutions are still basic, while this is far more comprehensive,” Darma said. “India’s capital market is about a decade ahead of us, and many of today’s issues were already faced there ten years ago.”

He also highlighted the scale gap between the two markets, saying India’s market capitalization and daily transaction value, roughly ten times larger than Indonesia’s.

Separately, speaking at the India Night 2026 forum in Jakarta on Wednesday, Jan 28, 2026, BPI Danantara Managing Director of Treasury Ali Setiawan said Indonesia could learn from India’s experience in deepening capital markets and improving transparency, following recent market volatility and heightened scrutiny from global index providers.

He described current trading conditions on the Indonesia Stock Exchange as “concerning,” citing the dominance of non-fundamental flows from conglomerate-linked and penny stocks that have weakened investor confidence.

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Ali noted that India’s capital market reforms had helped lift its global index weighting to nearly 20%, arguing that similar structural improvements in Indonesia, including better governance, disclosure, and market surveillance, were needed to restore credibility. His remarks underscored calls for regulatory reform after MSCI’s recent decision intensified pressure on Indonesian equities and exposed weaknesses in market integrity and monitoring systems.

This call for institutional accountability was echoed during Thursday’s discussions by Remiges and APEI, who emphasized that the burden of reform also lies with the infrastructure of the market itself. They signaled a growing consensus among brokers that modern, transparent surveillance systems are no longer a luxury, but a necessity to strengthen transaction security and insulate Indonesian equities from future integrity-driven sell-offs.