AnalytixInsight Announces InvestoPro MOU with Samsung Electronics Italia to Advance FinTech Digital Trading Platform
14 September 2022 - 10:30PM
Business Wire
AnalytixInsight Inc. (“AnalytixInsight”, or the “Company”)
(TSX-V: ALY; OTCQB: ATIXF), a financial content and
enterprise software solutions provider, announces that InvestoPro
SIM, the subsidiary of its affiliate MarketWall, has executed a
Memorandum of Understanding (the “MOU”) with Samsung Electronics
Italia S.p.A. to profile the InvestoPro digital trading platform to
Samsung users in Italy. Subsequently, AnalytixInsight will now plan
expanded European distribution in Spain, Germany, France, and the
UK.
Under the MOU, Samsung will profile InvestoPro as an exclusive
financial app on Samsung’s Quick Access, the start page of the
Samsung Internet Browser. Samsung has millions of monthly active
Samsung Internet users who utilize Quick Access, which profiles
clickable icons for leading brands to users each time they use
their browser and allows users to easily reach partner
websites.
In addition, pursuant to the MOU, Samsung will also recommend
InvestoPro to users as an exclusive digital trading app as part of
its App Installer. The App Installer guides users during their
first device power on procedure and presents recommended apps in
popular, useful, and fun categories. App recommendations can be
targeted based on age and gender and can easily be downloaded by
tapping the download button.
AnalytixInsight will now plan expanded European distribution to
Samsung users in Spain, Germany, France, and the UK. This is part
of a major initiative to offer a unique digital stock trading
platform that combines attributes of AI and machine learning and
provides comprehensive coverage of financial instruments traded
globally on multiple exchanges including stocks, bonds,
commodities, and ETFs. The InvestoPro app carrying financial news,
quotes, and content on global markets is already available on
Samsung TVs and several other Samsung consumer products.
Prakash Hariharan, Chairman and CEO of AnalytixInsight and board
member of InvestoPro SIM, commented: “This MOU with Samsung is a
significant milestone and we anticipate that it will position
InvestoPro as a leading digital trading platform in Europe. We
believe that it is an excellent partnership to build scale and
revenues given that platform development and regulatory approvals
are already in place. Samsung has the largest market share of
mobile users in Europe, and we are proud to partner with them to
promote InvestoPro to their sizable customer base and deliver
unique financial content using our proprietary AI and machine
learning algorithms.”
Giovanni Locatelli, Platform Innovation Manager of Samsung
Electronics Italia, commented: “We are very excited about this
relationship to work together with InvestoPro and AnalytixInsight
to promote the InvestoPro digital trading platform to our customer
base now that our customers are increasingly trading with their
mobile devices. We are very happy to be working with
AnalytixInsight to provide a range of content and calibrated risk
metrics using unique attributes of AI and machine learning on
financial securities. This work with AnalytixInsight is a part of
our strategy to offer a disruptive and innovative technology
platform.”
In conjunction with the MOU, InvestoPro is preparing to launch a
new trading platform version specifically designed for Samsung
devices with no fixed costs, competitive trading fees, and news
reports tailored for Samsung users.
Learn more about InvestoPro at www.InvestoPro.com
ABOUT ANALYTIXINSIGHT
AnalytixInsight is a data analytics and enterprise software
solutions provider to world-leading institutions across various
industries. AnalytixInsight develops and markets cloud-based
platforms providing financial content, stock trading, and research
solutions for banks, brokers and investors in the financial
services industry. AnalytixInsight holds a 49% interest in
MarketWall, a developer of FinTech solutions for financial
institutions. 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 Company’s business operations and
objectives, particularly respecting its expectations of InvestoPro
and the MOU, the impact of the MOU on the Company, its expectations
of a broader profile to Samsung users throughout Europe, its
expectations that the partnership with Samsung will build scale and
revenues, the launch of a new trading platform designed for Samsung
devices, 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 statements
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,
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; the Company’s ability to successfully integrate new
technologies and employees; Samsung’s ability and willingness to
implement the terms of the MOU; InvestoPro’s ability to launch a
new trading platform; 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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version on businesswire.com: https://www.businesswire.com/news/home/20220914005958/en/
Prakash Hariharan Chairman and CEO AnalytixInsight Inc.
Prakash.Hariharan@AnalytixInsight.com
Giovanni Locatelli Platform Innovation Manager Samsung
Electronics Italia S.p.A. g.locatelli@samsung.com
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