Latest news with #Enfusion
Economic Times
10 hours ago
- Business
- Economic Times
Data will decide winners in generative AI era: Clearwater
With generative AI changing the way enterprises are run, companies should focus on data, which will be a key differentiator, said Sandeep Sahai, chief executive of Clearwater Analytics, a NYSE-listed investment accounting solution provider. Sahai said people are not thinking enough about where the data is and getting access to the data, as the focus is more on the large language models (LLM). He explained that having the right data to train matters, since businesses require a high degree of accuracy, and makes sure it doesn't hallucinate. "I shouldn't say this, but most LLMs are somewhat similar in their capability. There are differences and all are quite powerful. Then the only question is, what are you training on? And if you can get the data right in a spot which is readable, guess what? Then you win. That is what we are focused on," Sahai said. Clearwater Analytics, which manages $9-10 trillion worth of assets and counts companies such as JP Morgan among its clients, has developed its own proprietary model that has been trained on client data in the last two and a half years. The company recently acquired Enfusion and Beacon, which are in investment management and risk management solutions, respectively, which provide Clearwater Analytics with access to data. "(With the acquisition) We now have the data about trading, accounting, and risk all at one spot. When you think about Google, all the searches everybody does is in one spot. (Similarly), Whoever has the most data wins, those with access to only public data lose eventually," he from data, one of the biggest challenges are rapidly changing business models. Sahai likened this to the taxi industry and Uber, where instead of making the taxi industry efficient, it had given way to said that with AI, the idea is not to make taxi industry more efficient. "The challenge is really in companies being thoughtful about completely changing. If people think of it like an incremental technology, they will be in trouble," he Sahai argued that it is naive to declare software is dead, he agreed that generative AI will significantly alter the current state of the software companies. "It is going to make them transform, become more efficient and provide value. (But) the software companies that do not innovate will have a hard time," he said. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. How an auto giant trapped global investors in an INR1,000 crore heist Fortis Healthcare still heals portfolios, but valuations are running hot. Swiggy, Tencent backer Prosus gets Rajinikanth fan to script India AI play IndiGo's GIFT City unit: Simple expansion or is there more to it than meets the eye? Stock Radar: Rico Auto stock showing signs of bottoming out after about 40% fall from highs; what should investors do now? GST rationalization: You don't become irrational; 10 stocks, from two sectors, some may get more, some less, some nothing Focus on core business and ignore the rest: 5 small-caps from different sectors with upside potential of up to 48% Multibagger or IBC - Part 20: An ICE-to-EV pivot is transforming this small-cap auto ancillary company
CNBC
12-08-2025
- Business
- CNBC
Goldman Sachs upgrades this software provider ahead of Sept. investor day
Shares of Clearwater Analytics are poised for a comeback, helped by free cash flow in the core business that's growing by more than 02% annually and a planned conference with investors set for early Sept., according to Goldman Sachs. The Wall Street investment bank upgraded Boise, Idaho-based Clearwater to buy from neutral but kept its price target at $27, implying more than 46% upside from Monday's close. Clearwater, a provider of investment portfolio accounting and other business tools, has tumbled 33% so far in 2025. Much of the decline was caused concerns tied to the quality of Clearwater's acquired assets, including Enfusion, and its progress on integration its businesses, Goldman analysts led by Gabriela Borges wrote. "If we subtract Enfusion from Clearwater's enterprise value, the stock now implies that the core business is trading at ~31x [free cash flow], despite consistently growing at over 20% and still having a multi-year runway of share gains ahead," the analyst wrote in a note this week. "We believe that execution risk tied to the acquisitions is now more than priced in, and we see a positive catalyst path for the stock from here, including at the September 3 Analyst Day." CWAN 6M mountain CWAN, 6-month Borges expects momentum in Clearwater's core business to drive 20% growth over the next three to five years. "We believe that Clearwater's cloud-native solution will continue to win against a mix of legacy solutions and more specialized point products," the analyst wrote. Every Wall Street analyst who covers Clearwater rates it a buy, according to FactSet data, and the consensus price target of a little more than $31 implies 70% upside in the stock. Shares jumped nearly 6% premarket Tuesday in reaction to the Goldman upgrade. Goldman led Clearwater's original initial public offering in Sept. 2021 at $18 a share.
Morocco World
24-07-2025
- Sport
- Morocco World
Bulaid Impresses with First-Round Submission Win at UAE Warriors
Moroccan MMA fighter Ilias Bulaid secured a first-round submission victory over Eduard Demenko at UAE Warriors 61, marking the first submission win of his professional career. Nicknamed 'Blade', the 30-year-old is an Enfusion kickboxing champion and remains undefeated in MMA, with a professional record of eight wins and no losses. 'It was not my plan specifically to go for a submission, but I'm always prepared to react to situations,' he told Morocco World News in an exclusive interview. Looking ahead, Bulaid said his ambition is to join the UFC: 'Next plans, in sha Allah, are to sign with the UFC and represent Morocco there,' he said. 'I am a proud Moroccan, and it is a pleasure to represent all Moroccans worldwide… Another goal of mine is to move back to Morocco with my family, as I feel at home there.' He added, 'I want to fight anyone, anywhere, as long as it is in the UFC. I've been rejecting all big offers from major organisations because I want to be in the UFC.'
Daily Mirror
08-07-2025
- Politics
- Daily Mirror
Andrew Tate sends UFC chief Dana White clear message over fight debut
Tate has not fought in MMA since 2010 but has called on Dana White to give him a fight following the announcement of potential event at the White House Controversial influencer Andrew Tate has expressed his desire to compete in the UFC and has even urged Dana White to give him a chance. The 38-year-old had a successful career in kickboxing, becoming a four-time world champion. After a successful stint in ISKA and Enfusion, Tate was forced to retire due to eye injuries that affected his last few fights. In 2016, he was forced to quit against Ibrahim El Boustati. Despite fighting several times since then, but against much lower opposition, Tate continues to train regularly and has always been open about a potential return to competitive action. He was recently seen at UFC 313 and Power Slap, alongside his brother Tristan, fuelling speculation about a possible comeback, reports All Out Fighting. Tate's only MMA fight took place back in 2010 at an Ultimate Warrior Challenge event, where he knocked out Shane Kavanagh in the first round. Although it's been 15 years since his last appearance inside the cage, Tate is very much open to stepping foot inside the cage again. The 38-year-old has urged White to sign him up for the UFC. In a post shared on X - previously known as Twitter - he penned: "I'll fight. Call me Dana White." His tweet was in response to President Donald Trump's recent declaration. Last week, Trump made a series of significant announcements during a rally in Iowa ahead of Independence Day. As part of his victory lap after Congress passed his 'Big Beautiful Bill,' the 79-year-old unveiled plans for the country's 250th birthday celebrations next July. Among the plans is a UFC event at the White House. Trump has been a big supporter of the UFC for many years and is regularly spotted at events. Moreover, he revealed that a UFC title fight will be staged in front of 20-25,000 spectators at the White House next year. "And I even think we're going to have a UFC fight... Does anybody watch UFC and the great Dana White?' Trump asked the crowd of MAGA faithful. "We're going to have a UFC fight. We're going to have a UFC fight," Trump reiterated. "Think of this - on the grounds of the White House." Trump added: "We have a lot of land there. We're going to build a little - we're not, Dana's going to do it, Dana's great, one of a kind - we're going to have a UFC fight, championship fight, full fight, like 20-25,000 people." The UFC - as of yet - are yet to officially comment on Trump's comments, but White later reposted the clip of the president's announcement, seemingly confirming the event. Tate is presently awaiting a date for a civil trial after four women lodged a lawsuit against him over allegations of sexual violence, including claims that he throttled one woman multiple times in 2015, assaulted her with a belt and brandished a firearm at her face. Tate denies these accusations.
Business Wire
02-07-2025
- Business
- Business Wire
Germany's Largest Public Insurer Versicherungskammer Selects Clearwater Analytics for Scalable Investment Operations
BOISE, Idaho & CHICAGO & NEW YORK & MUNICH & FRANKFURT A.M., Germany--(BUSINESS WIRE)-- Clearwater Analytics (NYSE: CWAN), the most comprehensive technology platform for investment management, today announced that Versicherungskammer Group has selected Clearwater Analytics' platform to power their middle, back office and risk functions. This decision is based on a comprehensive operating model review that began in 2024, followed by a structured selection process to identify a strategic partner. The rigorous assessment underscored the need for change, as market developments and demographic shifts demanded more agility, transparency, and efficiency. By adopting Clearwater's modern, cloud-based platform, Versicherungskammer will gain real-time, advanced data analytics to strengthen investment decision-making and drive improved performance. This will allow Versicherungskammer to focus on its core competencies in capital investment in the future. 'Partnering with Clearwater marks an important shift in our investment operations strategy and is central to our goal of future-proofing Versicherungskammer's investment capabilities,' said Martin Knobbe, Head of Middle and Back Office Investment at Versicherungskammer. 'Versicherungskammer becomes part of a platform with over 700 insurance customers, which offers considerable network advantages. This partnership allows us to focus on our core competencies, enhances data quality, supports our decision-making processes, and lays the foundations for the further development of our risk and performance management. This transition not only improves agility and flexibility of our business processes - it future-proofs the Group's investment operations and provides us with economic advantages.' 'Versicherungskammer is setting a new benchmark for insurers modernizing their investment operations,' said Keith Viverito, Managing Director EMEA at Clearwater Analytics. 'It's a privilege to partner with them on this transformation. Together, we're implementing a solution that combines technology from our recent acquisitions, Enfusion and Beacon, to deliver a powerful front-to-back platform. This will modernize Versicherungskammer's operations, significantly enhance the accuracy and timeliness of their data across all asset classes, and support their long-term growth objectives.' Versicherungskammer joins more than 2,400 clients worldwide on Clearwater's unique single-instance, multi-tenant platform. The solution delivers comprehensive investment data management, risk, performance, accounting, and reporting capabilities through a single, unified cloud-native system that eliminates data silos and automates manual processes that impact efficiency and accuracy. Contact an expert today for more information about Clearwater Analytics and how our solutions can support your organization. About Versicherungskammer Group The Versicherungskammer Group is the largest public insurer in Germany and is among the top 10 primary insurers in Germany. With its regionally active companies, the company is active in Bavaria, the Palatinate, Saarland as well as in Berlin and Brandenburg. The health insurer of the S-Finanzgruppe operates nationwide together with the other public insurers. The social commitment of the Versicherungskammer Group is of great importance. The sustainability-oriented strategy of promoting voluntary institutions and initiatives, which are particularly active in the field of prevention and safety, has been further strengthened for several years by the two foundations, the Versicherungskammer-Stiftung and Versicherungskammer-Kulturstiftung. In addition, the Versicherungskammer Group has been awarded the 'Work and Family' certificate as a family-friendly company for the third time. It has around 7,500 employees, including around 340 trainees. Further information can be found at Konzern Versicherungskammer | VK Konzernportal. About Clearwater Analytics Clearwater Analytics (NYSE: CWAN) is transforming investment management with the industry's most comprehensive cloud-native platform for institutional investors across global public and private markets. While legacy systems create risk, inefficiency, and data fragmentation, Clearwater's single-instance, multi-tenant architecture delivers real-time data and AI-driven insights throughout the investment lifecycle. The platform eliminates information silos by integrating portfolio management, trading, investment accounting, reconciliation, regulatory reporting, performance, compliance, and risk analytics in one unified system. Serving leading insurers, asset managers, hedge funds, banks, corporations, and governments, Clearwater supports over $8.8 trillion in assets globally. Learn more at
