Oracle Poised for Explosive Growth with $30B Cloud Deal

Oracle poised for explosive growth with $30B cloud deal

It's not often that a deal announcement amounts to a "holy crap" moment, but this is one of those times. The news raises two key questions: who has deep enough pockets and how could this shake up the cloud market?

Oracle introduces trade and supply chain finance cloud services

Announced yesterday, 30 June, Oracle has launched new cloud-based trade and supply chain finance (SCF) services designed to help banks accelerate lending to corporate clients and small and medium-sized enterprises (SMEs). This comes as Oracle shares soared to a record high yesterday: in addition to new trade finance services, the database giant announced a $30 billion cloud computing contract designed to modernise an industry plagued by paper-ba…