AnalytixInsight’s MarketWall Well Positioned for FinTech Online Usage Surge

JV Partner Intesa Sanpaolo Reports Strong Q1 Online Digital Channel Usage During COVID-19 Pandemic

TORONTO, May 19, 2020 (GLOBE NEWSWIRE) -- Artificial Intelligence company, AnalytixInsight Inc. (“AnalytixInsight”, or the “Company”) (TSX-V: ALY; OTCQB: ATIXF) expects its FinTech affiliate MarketWall will benefit from the surging new trend toward online channels caused by the COVID-19 pandemic, following Intesa Sanpaolo’s Q1 2020 report which witnessed strong online digital channel usage during the quarter.

MarketWall develops and sells FinTech online digital solutions for major European financial services firms, including Intesa Sanpaolo. During 2019, MarketWall grew its revenues by 65% to C$6.2 million and net income by 259% to C$1.5 million. MarketWall is 49%-owned by AnalytixInsight and 33%-owned by Intesa Sanpaolo.

Excerpts from Intesa Sanpaolo’s Q1 2020 results relating to approximate online digital channel usage during the quarter:

• 300,000 increase in Intesa Sanpaolo App active users to 5.8 million,
• 60% increase in Market Hub trading orders to 80,000 per day on average,
• 94% increase in digitally completed commercial transactions to 350,000 average for the quarter,
• 12% increase in digital operations to 26 million for the quarter,
• Best Q1 net income since 2008 of 1.4 billion euro, excluding provisions for future COVID impact.

The Intesa Sanpaolo App is at the heart of the bank’s digital strategy to invest 2.8 billion euros to increase its digitized business to 70%. MarketWall developed the App’s stock-trading component “Investo”, which was deployed in 2018 as part of the App constellation. The App is ranked top 4th App in Europe by Forrester Digital Wave.

Market Hub is Intesa Sanpaolo’s trading platform, which will also be the execution broker for MarketWall’s European online financial brokerage initiative, once established. MarketWall has applied to become an online financial broker in Europe and is awaiting regulatory approvals.

AnalytixInsight believes the need for online banking and online trading platforms will increase 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 euro 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 27^th largest bank in the world by total assets.