Summary:
- Temasek, a Singaporean investment company, is part of a group that is purchasing Clearwater Analytics, a US-based financial technology company, for $10.9 billion.
- Clearwater Analytics provides cloud-based investment accounting and reporting services to institutional investors, insurance companies, and asset managers.
- The acquisition highlights the growing importance of financial technology (fintech) companies and the increasing investment in this sector by large firms and investors.