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Finance

Indonesia's Bank Mandiri seeks big data 'revolution'

Bank Mandiri says it is investing in Big Data technology to revolutinize its loan business.

JAKARTA -- Indonesia's Bank Mandiri is joining the growing number of Southeast Asian banks tapping into big data, with its president saying the technology will "revolutionize" the customer experience and the way it channels its loans.

    Kartika Wirjoatmodjo on Wednesday said it is allocating $10 million this year alone for investment in big data technology, though the president did not say where Mandiri will procure the technology.

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