Here’s our pick of five of the top news stories from the world of fintech this week, featuring Capital One, Goldman Sachs, Amazon and more.Clearwater Analytics to acquire investment management platform Enfusion for $1.5bnClearwater Analytics acquires Enfusion for $1.5 billionClearwater Analytics has inked a definitive merger agreement to acquire fellow Software-as-a-Service (SaaS) investment management platform Enfusion through a cash and stock deal valued at approximately $1.5 billion.The deal includes about $760 million in cash and the issuance of 23 to 28 million new shares to Enfusion shareholders, while Clearwater will also pay off Enfusion’s $30 million tax receivable agreement.To finance the deal, the company has arranged an $800 million term loan B, alongside a $200 million revolving credit line.The transaction is expected to close in Q2 2025, subject to the approval of Enfusion shareholders, the receipt of required regulatory approvals, and customary closing conditions.Read more hereCFPB sues Capital One alleging the bank “misled consumers about its 360 Savings accounts”The US Consumer Financial Protection Bureau (CFPB) has announced it is suing Capital One and its parent holding company, Capital One Financial Corp, for allegedly “cheating consumers out of more than $2 billion in interest payments on savings accounts”, the regulator says in a statement.In its statement this week announcing the lawsuit, which was filed on 14 January in the US District Court for the Eastern District of Virginia, the CFPB alleges that Capital One “unlawfully misled consumers about its 360 Savings accounts and obscured its higher-interest savings product from them”.In a statement reported by Reuters, the bank says it is “deeply disappointed to see the CFPB continue its recent pattern of filing eleventh hour lawsuits ahead of a change in administration”.“We strongly disagree with their claims and will vigorously defend ourselves in court,” the bank adds, according to the report.Read more hereGoldman Sachs launches Capital Solutions group to grow private credit and equity businessGoldman Sachs forms new Capital Solutions groupGoldman Sachs has unveiled several new actions as it looks to strengthen its services for corporate and investor clients and grow its business in private credit, private equity, and other asset classes.These include a new Capital Solutions group, which will bring together and expand Goldman Sachs’ activities related to financing, origination, structuring and risk management, and an alternatives investment team expansion within the bank’s Asset and Wealth Management division.Within the new group, Goldman Sachs will also create a new Alternatives Origination team, which will focus on sourcing across various asset classes like investment grade credit, leverages loans, real estate, infrastructure and private equity.Pete Lyon, global head of the Financial Institutions group and the Financial and Strategic Invest
Sab. Gen 18th, 2025
