News

Investments
Databricks Targets $165 Billion Valuation in New Funding Round
June 09, 2026

Databricks may be on the cusp of becoming a $175 billion company. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...

Banking
Klarna Targets Banks With US Savings Account Launch
June 09, 2026

Klarna has expanded its financial services offering in the United States by adding a high-yield savings account to its app. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

IPO
Perplexity CEO Cheers OpenAI/Anthropic Listings, Plans 2028 IPO
June 09, 2026

Perplexity’s CEO says the artificial intelligence (AI) startup plans to go public in 2028. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...

Artificial Intelligence
Mercury CEO Says AI Is Breaking the Old Startup Model
June 09, 2026

The distance between an idea and a functioning business has rarely been shorter. Entrepreneurs operate in a business environment where artificial intelligence (AI) is lowering the cost of starting companies. As result it is accelerating business formation and creating demand for banking experiences built around...

Artificial Intelligence
FinTechs Lag Credit Unions on the Next AI Banking Test
June 09, 2026

For at least a decade, financial technology companies have promised to offer what most banks and credit unions can’t: technology that allows financial services companies to give millions of customers better, faster and more convenient products and services for the digital age, from deposits and...

Cross-border Payments
Small Businesses Outgrow Domestic Payments as Global Sourcing Spreads
June 09, 2026

An entire generation of American small- to medium-sized businesses (SMBs) have been conducting multinational operations without multinational infrastructure. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...

Retail
Digital Shift Gives Amazon 27% Edge in Discretionary Spend
June 09, 2026

As shoppers put more of their budgets toward essentials, Amazon and Walmart are starting to play more distinct roles in American retail. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Artificial Intelligence
OpenAI Confidential IPO Filing Joins Race for Largest Public Listing Ever
June 08, 2026

OpenAI said Monday (June 8) that it recently submitted a confidential S-1, a registration statement required for an initial public offering, to the Securities and Exchange Commission (SEC). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Investments
Big Banks Eye New AI Compute Trading Market
June 08, 2026

Goldman Sachs and JPMorgan are considering entering the emerging compute trading market, The Information reported Monday (June 8), citing unnamed sources. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...