AnalytixInsight’s MarketWall Structures InvestoPro as European Online Brokerage Subsidiary
03 Juni 2020 - 1:30PM
Artificial Intelligence company, AnalytixInsight Inc.
(“AnalytixInsight”, or the “Company”) (
TSX-V: ALY; OTCQB:
ATIXF), is pleased to announce that its FinTech affiliate,
MarketWall, has incorporated a wholly-owned subsidiary that will do
business as “InvestoPro” as its European online financial broker,
following regulatory approvals. InvestoPro will make its related
application update in the coming weeks.
InvestoPro will offer online stock trading and
FinTech-enabled services on multi-device trading platforms (e.g.,
mobile, wearables, smart-TV) combined with research and financial
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 has already developed Intesa
Sanpaolo’s stock trading app Investo which was successfully
launched in 2018. InvestoPro will offer discounted stock trading
commissions and other services that are designed to give individual
investors greater control over their investments and trading.
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 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.
S&P Global ranks Intesa Sanpaolo as the 27th largest bank
in the world by total assets. 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.com
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. 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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