Artificial Intelligence company, AnalytixInsight Inc.
(“AnalytixInsight”, or the “Company”) (
TSX-V: ALY; OTCQB:
ATIXF), provides a corporate update on its subsidiary
MarketWall’s online brokerage initiative, InvestoPro. InvestoPro is
being prepared as MarketWall’s European online financial broker.
MarketWall has advised that InvestoPro
development is proceeding well and has further advised that
InvestoPro will be offering options & derivatives trading in
addition to stock trading.
InvestoPro will be an online stock and options
trading platform that will also provide research content and
financial education on multi-device trading platforms (e.g.,
mobile, wearables, smart-TV). InvestoPro will be offered initially
in Italy with intentions to expand to other European countries,
using Intesa Sanpaolo as its execution broker. 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 has recently deployed a new version
6.6 of its stock quotation platform which is available for download
at Apple App Store and Google Play Store, and to all users at
www.marketwall.com. The new comprehensive version improves stock
quotation features and now includes peer group comparisons,
fundamental analysis chart and scores, shareholder ownership
reporting, rating reporting, target price consensus, valuation
analysis, real-time quotes, news, MarketWall editorial video
content, and more.
MarketWall’s editorial team is now producing
“Trading Ideas” content which is designed to educate investors by
offering weekly stock market summaries, worldwide financial market
outlooks, educational content for stocks, bonds, currencies, new
emerging industry trend analysis, and more.
Marketwall.com draws an audience of over 2
million monthly views and will also provide online trading through
InvestoPro, when launched. MarketWall is a Samsung Electronics
partner and has developed financial apps that are already available
on certain Samsung devices, which will contribute to InvestoPro’s
consumer brand awareness in Europe when launched.
MarketWall’s strategic partner, Intesa Sanpaolo,
recently reported its best-ever Q2 net income of 1.4 billion euros.
The bank’s acquisition of UBI Banca received shareholder approval
on July 30th, making Intesa Sanpaolo the second largest bank in
Europe by market capitalization.
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, the features of InvestoPro 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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