Artificial Intelligence company, AnalytixInsight Inc. (“AnalytixInsight”, or “Company”) will be enhancing its artificial intelligence platform with a series of Blockchain initiatives which will augment the Company’s existing big data analytics engine with distributed ledger technology. The Company’s shares will also trade on the OTCQB Marketplace under the symbol “ATIXF” effective November 14, 2017.
Blockchain – The Company will evaluate and pursue Blockchain initiatives, which are contiguous with its artificial intelligence platform, using a distributed ledger technology to reduce transaction costs and settlement times for its users and partners in CapitalCube and Marketwall. The Company believes these initiatives will enhance current revenues being received from existing multi-year agreements with its partners.
CapitalCube – The Company’s deep learning platform currently processes more than 100 billion data computations daily, using its analytics models and logical arguments to generate insights. The platform provides financial analytics and generates content on approximately 50,000 publicly traded stocks and ETFs, attracting over 2 million user sessions monthly. The platform’s AI engine publishes more than 3,000 daily articles. CapitalCube has partnership agreements with various financial entities that include Euronext (European stock exchange with 1,300 listed issuers), Thomson Reuters, The Wall Street Journal and Yahoo Finance.
AnalytixInsight will pursue Blockchain offerings to enhance CapitalCube’s artificial intelligence platform, and partner relationships as CapitalCube adds to its user base through its channel partners.
Marketwall – The Company’s 49% owned subsidiary Marketwall, expects to deploy its mobile app for stock trading and banking services in 2018. This is a part of the ongoing multi-year revenue licensing partnership with Intesa Sanpaolo – Italy’s leading bank with 12.6 million customers. The mobile stock trading application will directly interface with Intesa Sanpaolo’s established trading platform MarketHub, whose 2016 trading volume exceeded EUR119 Billion on an average of 26,000 daily transactions. Marketwall has also partnered with Samsung to pre-load the app on certain Samsung devices in Europe.
AnalytixInsight will seek to develop a Blockchain distributed ledger platform to reduce transaction costs and settlement times for Marketwall, MarketHub and partners.
Prakash Hariharan, AnalytixInsight’s Chairman and CEO, commented: “A recent study by Deloitte shows there has been a massive surge of new open source Blockchain projects globally, but only a small percentage of these projects stay alive and achieve meaningful scale. We believe that by working together with our strategic partners we can create a meaningful impact within this rapidly developing industry”.
US Listing – AnalytixInsight has received notice from the OTC Markets Group that it has met the requirements to be upgraded to the OTCQB Marketplace effective November 14, 2017. The Company will now trade on the OTCQB under the symbol “ATIXF”. The Company will continue to also trade on the TSX-Venture Exchange under the symbol “ALY”. More than 80% of CapitalCube’s approximate 2 million monthly user session traffic is originated in the United States.
The Company has granted incentive stock options to its directors, officers, employees and consultants to purchase up to an aggregate of 630,000 common shares in the capital stock of the Company, exercisable for a period of five years, at a price of $0.47 per share. The stock options vest immediately, subject to a four month regulatory hold period. This grant of options is subject to the approval of the TSX Venture Exchange.