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Databricks reportedly projects that its data warehousing business will almost double in size this year.
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The company is also introducing a new database product that it hopes will enjoy a similar growth trajectory, Bloomberg News reported Wednesday (June 11).
A company spokesperson told the news outlet that Databricks expects $1 billion in revenue run rate for Databricks...
Where a business spends its money determines its strategy.
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For years, digital transformation took the lion’s share of investment, as companies wanted to move fast and capture new efficiencies to compete with even faster-moving, more operationally streamlined firms.
Today, however, enterprise digital transformation at the highest level is no longer just about buying...
Worldpay is expanding its partnership with Visa to enhance that company’s 3D Secure solution.
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This tool, Worldpay said in a Wednesday (June 11) news release, helps merchants reduce fraud while easing consumer friction and boosting authorizations.
“Fraud mitigation isn’t just an on or off switch; rather, it’s a balance that requires merchants to understand how security,...
Stax Payments has appointed Paysafe and FIS veteran Kevin Wall as chief financial officer, saying he will spearhead the payment technology provider’s next chapter of strategic expansion.
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Announcing the appointment in a Wednesday (June 11) press release emailed to PYMNTS, Stax highlighted Wall’s experience leading the finance organizations at top payments companies,...
Nvidia and Perplexity partnered to facilitate the deployment of sovereign artificial intelligence models across Europe and the Middle East.
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The project will aid in the deployment of AI models that reflect the regions’ languages and cultures and store the data locally, the companies said in separate Wednesday (June 11) announcements.
The first European models are...
The Bank of Japan (BOJ), Japan’s central bank, is reportedly looking to digital currencies as its citizens go cashless.
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While the country has long adhered to a “cash is king” ethos, the share of cashless payments in Japan jumped from 13.2% in 2010 to 42.8% last year, Reuters reported Wednesday (June 11), citing government data.
Japan has trailed other countries in...
Nvidia CEO Jensen Huang is turning his attention to the next critical enabler of the artificial intelligence (AI) revolution: quantum computing.
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“There’s an inflection point happening in quantum computing,” Huang said Wednesday (June 11) at the Viva Tech 2025 conference in Paris. “It is clear now we’re within reach of being able to apply quantum classical computing in...
Credit union service organization Velera has debuted a new account validation function.
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This tool, announced Wednesday (June 11), is available across Valera’s online, digital and mobile channels, letting the group’s credit unions process payments across the ACH network in real time.
“By enabling real-time account validation, Velera is helping credit unions streamline...
Cara Petersen, acting enforcement director of the Consumer Financial Protection Bureau, resigned from her post.
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Petersen said CFPB leadership under President Donald Trump “has no intention to enforce the law in any meaningful way,” Reuters reported Tuesday (June 10), citing an email it saw.
“I have served under every director and acting director in the bureau’s history...
Cryptocurrency exchange Bullish has reportedly resurrected its plans to go public.
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The company has confidentiality filed paperwork for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC), according to a Wednesday (June 11) Financial Times (FT) report citing two sources familiar with the matter.
PYMNTS has contacted Bullish for comment...