This non-exclusive agreement with Oracle sees the financial services group provide payment and settlement capabilities to Oracle's B2B exchange, OracleExchange.com implement the Oracle internet procurement solution on a global basis, and market the B2B exchange to its corporate client base.
Citigroup also plans procure its internal needs through OracleExchange.com. According to Michael Robertson, vice president, global cash and trade, Asia Pacific region head, the group intends to use the...