Artificial Intelligence company, AnalytixInsight Inc.
(“AnalytixInsight”, or the “Company”) (
TSX-V: ALY; OTCQB:
ATIXF) is pleased to report that Intesa Sanpaolo, a
co-owner of AnalytixInsight’s FinTech affiliate Marketwall, has
announced plans to accelerate its digital transformation as Italy’s
first digital bank, and plans to invest 2.8 billion euros over the
next three years to increase the bank’s digitized business to 70%.
Marketwall, a developer of FinTech solutions, is
a technology provider within Intesa Sanpaolo’s digitization
initiative and developed the “Intesa Sanpaolo Investo”
stock-trading app which was recently launched to Intesa Sanpaolo
customers. Marketwall is 49% owned by AnalytixInsight, and 33%
owned by Intesa Sanpaolo.
Intesa Sanpaolo is a leading bank in Europe with
11.9 million customers, a network of approximately 4,400 branches
throughout Italy, and has emerged as Italy's first digital
bank. It was ranked as one of the three best digital banks in
Europe according to the report “2017 European Online Banking
Functionality Benchmark” by Forrester Research. Intesa Sanpaolo now
reports 8 million multi-channel customers, of which 3 million are
now using the Intesa Sanpaolo Mobile banking app with 56 million
logins per month on the app alone, and 53 million mobile
transactions with the app since the start of 2018.
In a press release dated November 30, 2018
Intesa Sanpaolo announced a digital transformation roadmap,
stating:
“Mobile is at the heart of the Bank's digital
ecosystem: the "app constellation" that is centred on Intesa
Sanpaolo Mobile, provides access to banking services, financing,
savings and is enriched with the new Intesa Sanpaolo Investo app
that enables customers to independently invest and monitor their
assets.
The strategy for the future is in the digital
channels which is in line with the objectives set out in the
Business Plan: investments of 2.8 billion euro over three years to
increase the Bank's digitised business to 70%.”
Intesa Sanpaolo also provided the following
update regarding the Investo stock-trading app (developed by
Marketwall):
“Intesa Sanpaolo Investo: the new
investments app
The latest addition to Intesa Sanpaolo’s app
constellation is Intesa Sanpaolo Investo, an application dedicated
to investments, that allows customers to trade securities in a
simple, fast and informed way and to monitor their investment
assets by means of a digital experience that is similar to that of
a branch with its own manager.
With Investo, customers have a wide range of
information at their disposal which elevates the app to the level
of the leading market players: customers can use the advanced
search to navigate through thousands of listed securities; they can
view a complete set of information including financial statement
information, financial indicators, price history, advanced
interactive charts and related news; they can create and manage
virtual portfolios to simulate trading strategies and monitor their
favourite securities with the watchlist. Customers can also
activate widgets to view their preferred securities and important
news reports, without having to access the app.
Less than a month after its release in the app
stores, the results are noteworthy: 20% of the orders placed by
Intesa Sanpaolo's customers on the secondary market have, in fact,
been placed with Investo.”
The full version of Intesa Sanpaolo’s press
release is available here, or at www.group.intesasanpaolo.com.
CONTACT INFORMATION:
Scott UrquhartVP Corporate
DevelopmentScott.Urquhart@AnalytixInsight.comTel: (416)
522-3975
ABOUT ANALYTIXINSIGHT INC.
AnalytixInsight’s (AnalytixInsight.com)
artificial intelligence platform transforms data into knowledge.
AnalytixInsight’s financial analytics platform CapitalCube
(capitalcube.com) algorithmically analyzes market price data and
regulatory filings to create insightful actionable narratives and
research on approximately 50,000 global companies and ETFs,
providing high-quality financial research and content for
investors, information providers, finance portals and media.
AnalytixInsight holds a 49% interest in Marketwall, developer of
FinTech solutions for financial institutions
(marketwallcorporate.com). AnalytixInsight owns Euclides
Technologies Inc. (euclidestech.com), a workflow analytics systems
integrator.
AnalytixInsight is a 2018 Venture 50TM company
(tsx.com/venture50).
Regulatory Statements
This press release contains “forward-looking
information” within the meaning of applicable Canadian securities
legislation. Forward-looking information includes, without
limitation, statements regarding the growth of the Company’s
business operations; the Company’s ability to spin out or monetize
its interest in Marketwall, the relationship between the Company
and Intesa Sanpaolo, the impact to Marketwall resulting from Intesa
Sanpaolo’s plans, the use of the Company’s content by various
parties; and the Company’s future performance. Generally,
forward-looking information can be identified by the use of
forward-looking terminology such as “plans”, “expects” or “does not
expect”, “is expected”, “budget”, “scheduled”, “estimates”,
“forecasts”, “intends”, “anticipates” or “does not anticipate”, or
“believes”, or variations of such words and phrases or state that
certain actions, events or results “may”, “could”, “would”, “might”
or “will be taken”, “occur” or “be achieved”. Forward-looking
information is subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of
activity, performance or achievements of AnalytixInsight Inc., as
the case may be, to be materially different from those expressed or
implied by such forward-looking information, including but not
limited to: general business, economic, competitive, geopolitical
and social uncertainties; the Company’s technology and revenue
generation; risks associated with operation in the technology
sector; ability to successfully integrate new technology and
employees; foreign operations risks; and other risks inherent in
the technology industry. Although AnalytixInsight has attempted to
identify important factors that could cause actual results to
differ materially from those contained in forward-looking
information, there may be other factors that cause results not to
be as anticipated, estimated or intended. There can be no assurance
that such information will prove to be accurate, as actual results
and future events could differ materially from those anticipated in
such statements. Accordingly, readers should not place undue
reliance on forward-looking information. AnalytixInsight does not
undertake to update any forward-looking information, except in
accordance with applicable securities laws.
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
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