AnalytixInsight’s MarketWall Structures InvestoPro as European Online Brokerage Subsidiary

TORONTO, June 03, 2020 (GLOBE NEWSWIRE) -- 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 27^th largest bank in the world by total assets.