Thrive Capital is reportedly in discussions to invest $1 billion in analytics software maker Databricks. This deal would value the company around $55 billion, Bloomberg News reported Thursday (Nov. 14), citing sources familiar with the matter. Those sources say Thrive is expected to lead a share sale, allowing some...
European regulators say Booking.com must comply with the Digital Markets Act (DMA). The European Commission (EC) announced Wednesday (Nov. 13) that Booking Holdings — the travel website’s parent — had been designated as a “gatekeeper” under the DMA and must make sure the company adheres to...
The payment and commerce platforms PayPal, Shopify and Block have long been developing ecosystems for merchants. For the small to mid-sized businesses, signing on to some services (such as payments processing) provides an onramp to accessing funding, via capital solutions that can help them meet...
Volante Technologies has expanded the capabilities of its Volante Payments Platform by adding a module that gives financial institutions greater visibility and control over their payments business. The new module, Volante Payments Intelligence, offers banks historical and real-time payments data together with actionable intelligence for...
The Consumer Financial Protection Bureau reportedly aims to place Google under formal federal supervision. The Washington Post reported Thursday (Nov. 14) and said in a post on social platform X that the move “could subject the technology giant to the regular inspections and other rigorous...
Venture capital firms are reportedly struggling amid a lack of mergers, acquisitions and public listings. It’s a situation that has led to a liquidity drought as artificial intelligence (AI) startups draw investor attention, CNBC reported Thursday (Nov. 14). “In the U.S., when you talk about...
Artificial intelligence is a double-edged sword for modern enterprises. The role of the chief information security officer (CISO) is central to protecting financial transactions and mitigating payments risk when integrating or developing digital payments innovations. The CISO role is also increasingly vital as it relates...
Banking regulators say a change in presidential administrations won’t change their approach to financial crime. While Donald Trump may be focused on deregulation, banking industry experts at a conference in New York this week say financial crime will remain a bipartisan focus, Reuters reported Wednesday (Nov. 13)....
PayPal has begun rolling out a feature that makes it easier for its customers and their friends and family to pool money for shared expenses. The new Pool Money feature is now rolling out to PayPal customers in the U.S., Germany, Italy and Spain, and...
