AnalytixInsight Announces Changes to InvestoPro Board of Directors

Rhea-AI Summary

AnalytixInsight Inc. (OTCQB: ATIXF), a financial content provider, has announced a reconstitution of the board of directors for its subsidiary InvestoPro. This change follows the regulatory approval of InvestoPro’s advanced online trading platform, which will be utilized by Intesa Sanpaolo customers. The new board comprises experienced leaders from Intesa Sanpaolo and MarketWall, aiming to enhance InvestoPro's deployment in Europe. The platform integrates financial analysis and AI-driven insights, transitioning trading accounts from Intesa Sanpaolo to InvestoPro, as part of a strategic plan.

Positive

• InvestoPro's digital trading platform has received regulatory approval, indicating readiness for market launch.
• The board's new composition includes experienced leaders from Intesa Sanpaolo, which may strengthen strategic execution.
• Investment in AI-enabled features positions InvestoPro competitively in the European digital trading space.

Negative

• None.

TORONTO--(BUSINESS WIRE)-- AnalytixInsight Inc. (“AnalytixInsight”, or the “Company”) (TSX-V: ALY; OTCQB: ATIXF), a financial content and enterprise software solutions provider, announces changes to the board of directors of InvestoPro, a subsidiary of the Company’s fintech affiliate, MarketWall. InvestoPro has developed and received regulatory approval for an advanced online digital trading platform that has been introduced by Intesa Sanpaolo, whose customers may activate their InvestoPro account using their Intesa Sanpaolo Mobile App login credentials.

The InvestoPro board of directors has been reconstituted with the following members who will guide the next phase of InvestoPro’s development:

Luca Facchini Provera (Chair): Senior Director, Head of Sales Support at Intesa Sanpaolo’s Banca dei Territori Division. He is responsible for commercial support of financial products to the retail network and is responsible for the Robo4Advisory & RoboAdvisory project, a wealth management initiative within Intesa Sanpaolo’s 2022 – 2025 business plan using Aladdin by BlackRock. He was recently appointed Chair of MarketWall and is a director of Prestitalia S.p.A. which was acquired by Intesa Sanpaolo in 2020;

Antonio Germogliè: Head of Planning, Control and Management of Intesa Sanpaolo's Banca dei Territori Division since 2014. He was previously Head of Budget and Management Control and Head of Distributed Coordination Structure of Intesa Sanpaolo's Banca dei Territori Division. He held several leadership roles at Sanpaolo IMI prior to the merger that formed Intesa Sanpaolo;

Marco Marzorati: Independent accountant and auditor, former General Manager of Merqurio, a pharmaceutical marketing company. He is experienced in the restructuring and reorganization of companies on behalf of private equity funds and is a tax consultant for asset management companies;

Marco Roscio Ricon: CEO of MarketWall; and

Prakash Hariharan: Chairman and CEO of AnalytixInsight, director of MarketWall.

Prakash Hariharan, Chairman and CEO of AnalytixInsight, commented: “Now that the InvestoPro digital trading platform is fully prepared for deployment by Intesa Sanpaolo, we have reconstituted the InvestoPro board of directors to guide this next phase of execution and implementation. We are very excited about the potential for InvestoPro to become a leading digital trading platform in Europe.”

ABOUT INVESTOPRO
InvestoPro has been introduced by Intesa Sanpaolo to its customers as the bank’s online advanced digital trading platform, offering financial analysis, news, research, educational formats, and other exclusive content aided by artificial intelligence attributes provided by AnalytixInsight. Under a previously approved strategic plan, certain stock trading accounts will be transitioned to InvestoPro, thanks to the support of Intesa Sanpaolo.

ABOUT ANALYTIXINSIGHT
AnalytixInsight is a data analytics and enterprise software solutions provider to world-leading institutions across various industries. AnalytixInsight develops and markets cloud-based platforms providing financial content, stock trading, and research solutions for banks, brokers and investors in the financial services industry. AnalytixInsight holds a 49% interest 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 legislation. Forward-looking information includes, without limitation, statements regarding the Company’s business operations and objectives, particularly respecting its expectations of InvestoPro and of Intesa Sanpaolo to deploy InvestoPro and migrate certain of its stock trading accounts to the InvestoPro platform, 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 statements 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, 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; the Company’s ability to successfully integrate new technologies 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

View source version on businesswire.com: https://www.businesswire.com/news/home/20220623005833/en/

Prakash Hariharan

Chairman and CEO

Prakash.Hariharan@AnalytixInsight.com

Source: AnalytixInsight Inc.

FAQ

What changes were made to the InvestoPro board of directors?

The InvestoPro board has been reconstituted with members experienced in financial services, including leaders from Intesa Sanpaolo.

What is the significance of InvestoPro's regulatory approval?

Regulatory approval allows InvestoPro to launch its digital trading platform for Intesa Sanpaolo customers, facilitating account migrations.

How will the changes in the board affect InvestoPro's future?

The experienced board aims to guide InvestoPro's execution strategy, enhancing its market presence and operational efficiency.

What features does InvestoPro's platform offer?

InvestoPro offers financial analysis, research, news, and educational content enhanced by AI capabilities.

When will InvestoPro start transitioning stock trading accounts?

The transition of certain stock trading accounts to InvestoPro will occur as part of a previously approved strategic plan.