TORONTO–(BUSINESS WIRE)–AnalytixInsight Inc. (“AnalytixInsight”, or the “Company”) (TSX-V: ALY; OTCQB: ATIXF), a provider of financial content and software solutions for businesses, announces that InvestoPro SIM, the subsidiary of its affiliate MarketWall, has executed a Memorandum of Understanding (“MOU”) with Samsung Electronics Italia SpA 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 home page of Samsung’s web browser. Samsung has millions of monthly active Samsung Internet users using Quick Access, which profiles clickable icons of leading brands to users every time they use the browser and allows users to easily reach partner websites.
In addition, as per the MOU, Samsung will also recommend InvestoPro to users as an exclusive digital trading app as part of the app installation program. The app installer guides users through their device’s first boot procedure and presents recommended apps in popular, useful and fun categories. App recommendations can be targeted based on age and gender and can be easily downloaded by pressing the download button.
AnalytixInsight will now plan extended European distribution to Samsung users in Spain, Germany, France and the UK. This is part of a major initiative to provide a unique digital stock trading platform that combines the capabilities 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 with 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 expect it to position InvestoPro as a leading digital trading platform in Europe. We believe it is an excellent partnership to build scale and revenue 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 market InvestoPro to their significant customer base and deliver unique financial content at using our proprietary AI and machine learning algorithms.”
Giovanni Locatelli, Head of Platform Innovation at Samsung Electronics Italy, commented: “We are very excited about this relationship to work together with InvestoPro and AnalytixInsight to market the InvestoPro digital trading platform to our customer base now that our customers are increasingly trading with their mobile devices. We are very excited to work 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 part of our strategy to provide 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 ANALYTICS INSIGHTS
AnalytixInsight is a provider of enterprise data analysis and software solutions to world-leading institutions across various industries. AnalytixInsight develops and markets cloud-based platforms that offer financial content, share trading and research solutions for banks, brokers and investors in the financial industry. AnalytixInsight has a 49% stake 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 laws. Forward-looking information includes, without limitation, statements about the company’s business operations and goals, in particular respecting the expectations of InvestoPro and the MOU, the impact of the MOU on the company, the expectations of a wider profile of Samsung users throughout Europe, the 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. In general, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “expected”, “budget”, “planned”, “estimate”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and expressions or statements that certain actions, events or results “may”, “could”, “would”, “may” or “will be taken “, “occur” or “achieve”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that could cause the actual results, level of activity, performance or achievements of AnalytixInsight, as the case may be, to differ materially 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 monetization; risks associated with operating 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 risk; and other risks inherent in the technology industry. Although AnalytixInsight has attempted to identify important factors that may cause actual results to deviate significantly from those contained in the forward-looking information, there may be other factors that cause the results not to be as expected, estimated or intended. No guarantee can be given that such information will prove to be accurate, as actual results and future events may differ materially from those anticipated in such statements. Accordingly, readers should not rely on forward-looking information. AnalytixInsight undertakes no obligation to update any forward-looking information, except in accordance with applicable securities laws.
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