Artificial Intelligence company, AnalytixInsight Inc.
(“AnalytixInsight”, or the “Company”) (
TSX-V: ALY; OTCQB:
ATIXF), is pleased to announce that its FinTech affiliate,
MarketWall, has appointed a board of directors for its European
online financial brokerage subsidiary, InvestoPro. MarketWall has
applied to become a European online financial broker through its
wholly-owned subsidiary, InvestoPro, and is awaiting regulatory
approvals.
The board of directors for InvestoPro has been
constituted with the following seven members:
Massimo Tessitore (Chair): Head
of Digital Channels - Branch Platform & Digital Business
Partner Commercial Banking, Private and Insurance of Intesa
Sanpaolo,
Laura Stoduto: General Director
of Morval SIM, a subsidiary of Intesa Sanpaolo,
Giuseppe Attanà: Board Member
of Banca IMI S.p.a., Board Member of Be Consulting S.p.a., Board
Member of Intesa Sanpaolo Vita S.p.a.,
Marco Roscio Ricon: CEO of
MarketWall,
Luca Canevello: Innovation
Manager of MarketWall,
Prakash Hariharan: Board
Chairman and CEO of AnalytixInsight, and
Chaith Kondragunta: Board
Member of AnalytixInsight.
The board of directors for MarketWall remains
unchanged, consisting of Massimo Tessitore, Marco Roscio Ricon and
Prakash Hariharan.
InvestoPro will be a significant evolution for
MarketWall’s business, once approved. InvestoPro will offer online
stock-trading and FinTech-enabled services on multi-device trading
platforms (e.g., mobile, wearables, smart-TV) combined with high
value financial content and education. InvestoPro will use Intesa
Sanpaolo as its execution broker. InvestoPro will be offered
initially in Italy with intentions to expand to other European
countries.
MarketWall also operates www.marketwall.com
which provides financial content, news, real-time quotes, and video
news stories. This financial portal together with MarketWall’s
other digital channels draws an audience of over approximately 2
million monthly views. MarketWall is a Samsung Electronics partner,
and has developed financial apps that are already pre-loaded on
certain Samsung devices. These existing initiatives contribute to
MarketWall’s consumer brand awareness in Europe which will benefit
InvestoPro, when launched.
AnalytixInsight believes the need for online
banking and online trading platforms are increasing because of
consumer behavior shifts caused by the COVID-19 pandemic and
expects MarketWall’s business will benefit from this trend
shift.
Intesa Sanpaolo is one of the top banking groups
in Europe with approximately 11.8 million customers and
approximately 3,700 branches throughout Italy. It has emerged as
Italy's first digital bank and is investing 2.8 billion euros in a
strategic plan to increase the bank’s digitized business to 70%,
with mobile being at the heart of the digital ecosystem.
CONTACT INFORMATION:
Scott
Urquhart
VP Corporate DevelopmentScott.Urquhart@AnalytixInsight.com
ABOUT MARKETWALL S.R.L.
MarketWall is a FinTech company focused on the
design and development of software solutions as part of a fully
integrated ecosystem of Smart Devices – Web, Mobile, Wearables and
Smart TV. Our aim is to innovate methods to access financial
markets by combining technology, data and user experience.
We work to empower market data experience and investment knowledge
by developing B2B and B2B2C multidevice platforms for major players
in the Financial and Technology industries. Our platforms cover
50,000 stocks and provide news, real-time quotes for EU and US
markets and other financial contents.
MarketWall is 49% owned by AnalytixInsight Inc.,
and 33% owned by Intesa Sanpaolo.
ABOUT ANALYTIXINSIGHT INC.
AnalytixInsight Inc. is an Artificial
Intelligence, machine-learning company. AnalytixInsight’s financial
analytics platform 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 also designs and implements Workforce Optimization
solutions for large global enterprises. AnalytixInsight holds a 49%
interest in MarketWall, a developer of FinTech solutions for
financial institutions. For more information, visit
AnalytixInsight.com.
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 relationship between the Company and
Intesa Sanpaolo, the impact to MarketWall resulting from Intesa
Sanpaolo’s plans, the ability for MarketWall or InvestoPro to
obtain regulatory approvals to become an online broker, the impact
of Covid-19 on the Company and MarketWall’s business, 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 THE 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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