finance

Clearwater agrees to buy investment management platform Enfusion for $1.5B

Fundraising /

Clearwater Analytics, a company developing accounting, compliance, and risk reporting tools for asset managers, said on Monday it has entered into a definitive agreement to acquire investment management platform Enfusion for $1.5 billion. Clearwater, which says it has obtained an $800 million loan to fund the transaction, along with a $200 million revolving line of […]

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Sedric monitors the communications of employees at financial institutions to ensure compliance

Fundraising /

For financial institutions, complying with regulations is becoming a costlier proposition. According to a recent poll, 76% of financial services firms increased their compliance expenditure from 2022 to 2023, with most blaming new laws. With the cost of compliance averaging out to around $10,000 per employee these days, many firms are searching for ways to

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Daloopa trains AI to automate financial analysts’ workflows

Startups /

Thomas Li was working at Point72, the hedge fund founded by notorious investor Steve Cohen, when he realized that the financial industry relies heavily on manual data entry processes that could be prone to errors. “As a buy-side analyst, I felt the pain of manually sourcing and entering data to build and update financial models,”

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