Oracle in talks to buy Citi stake in i-Flex

The likely acquisition to give Oracle access to core banking solutions business.

Oracle is in talks with the Citi group to buy out its majority 44 per cent stake in software products and services company i-Flex solutions.

If the talks materialise, the acquisition will give Oracle an instant access to core banking solutions and services business. i-Flex's main product Flexcube is the largest selling core banking solutions product.

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