Artificial Intelligence company, AnalytixInsight Inc.
(“AnalytixInsight”, or the “Company”) (
TSX-V: ALY; OTCQB:
ATIXF), is pleased to announce that its 49%-owned
subsidiary Marketwall, a FinTech company specialized in
stock-trading solutions, has made application to become an online
financial broker in Italy, with plans to expand to other European
countries.
Marketwall’s board of directors have approved a
new strategic plan whereby Marketwall will be established as an
online financial broker (“Marketwall Brokerage”) aligned under the
following elements:
- Establish Marketwall Brokerage to offer leading FinTech-enabled
services for receiving, transmitting and executing stock trading
orders.
- Marketwall Brokerage to request regulatory approvals for
brokerage services initially in Italy and then intends to expand to
other European countries.
- Marketwall Brokerage to develop multi-device (e.g., mobile,
wearables, smart-TV) trading platforms, combining research and
financial education.
- Marketwall Brokerage to use the Investment Bank of Intesa
Sanpaolo as its execution broker.
The Marketwall Brokerage strategic plan is a
significant advancement of Marketwall’s business. During its
four-year operating history, Marketwall has developed leading-edge
FinTech solutions which offer sophistication and simplicity to
users. Several key product offerings have been developed,
tested and are now deployed, including:
- Financial portal - marketwall.com, which
offers financial content including live videos, financial news
feeds, real-time stock quotes, and custom-made video news stories.
Marketwall currently has a partnership with Samsung
Electronics, carrying the app as a pre-loaded financial app in its
devices - including Smart TVs. Marketwall’s audience across all
digital channels (Marketwall Apps, Facebook, Twitter and Instagram)
generates over 3.5 million views monthly.
- GlobalMarket – a trading & research
platform that has been developed to offer analyst research and
stock-trading in one common enterprise digital platform.
GlobalMarket is marketed and sold by a leading investment research
provider and has already been installed by a leading bank in
Western Europe for their approximately 4,000 professional
users.
- Research Portal – an elegant, private
information portal for use by banks and brokerage firms to better
serve their institutional buy-side clients. Investment research
reports are organized and summarized in a password-protected
portal, allowing a client to search and navigate research
publications with ease, and eliminates the cumbersome email-based
distribution methods traditionally used.
Marketwall Financial
SummaryMarketwall recently recorded the following
financial information for the three months ended March 31, 2019
($Cad, unaudited): Quarterly Revenue $1.4M, Quarterly Net Income
$0.5M, Cash $2.7M, Assets $1.5M, Liabilities $1.3M.
Marketwall also recently received an order for its Research Portal
service which it expects to complete during 2019.
Marketwall’s board of directors have determined
that the company has sufficient working capital to fund its current
operations but will evaluate funding opportunities to enable the
company’s global growth expansion plans, which may include external
financing or an initial public offering for
Marketwall.
Additional BackgroundMarketwall
was established in Milan, Italy in 2014 by AnalytixInsight as a
FinTech company with a focus on stock-trading and financial apps.
In September 2015, Marketwall and Intesa Sanpaolo announced a
partnership agreement to develop stock-trading apps, and in April
2016 Intesa Sanpaolo acquired 33% of Marketwall.
Intesa Sanpaolo is a leading bank in Europe with
approximately 11.9 million customers, a network of approximately
4,400 branches throughout Italy, and has emerged as Italy's
first digital bank. 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. On November 30, 2018, Intesa Sanpaolo
announced plans to invest 2.8 billion euros over the following
three years to increase the bank’s digitized business to 70%.
Mobile is at the heart of the bank's digital ecosystem. The "app
constellation" is centered around Intesa Sanpaolo Mobile, which
provides access to banking services, financing, savings and is
enhanced with the Intesa Sanpaolo Investo app (developed by
Marketwall) that enables customers to trade securities and monitor
their investment assets using their mobile device. CONTACT
INFORMATION:
For AnalytixInsight:
For
Marketwall:
Scott Urquhart
Marco Roscio
Ricon VP Corporate
Development
CEOScott.Urquhart@AnalytixInsight.com
Marco.Roscio@Marketwall.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. Marketwall’s aim is to innovate methods to access
financial markets by combining technology, data and user
experience. Marketwall works to empower market data
experience and investment knowledge by developing B2B and B2B2C
multidevice platforms for major players in the Financial and
Technology industries. Its 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 use of the Company’s content by various
parties; Marketwall’s business operations; a potential financing of
Marketwall; 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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