AnalytixInsight Announces Blockchain Initiative, US Listing
By Dipo Olowookere
The management of Artificial Intelligence company, AnalytixInsight Inc, has announced plans to enhance its artificial intelligence platform with a series of Blockchain initiatives which will augment its existing big data analytics engine with distributed ledger technology.
As a result, the company’s shares will also trade on the OTCQB Marketplace under the symbol ‘ATIXF’ effective November 14, 2017 (today).
The firm, in a statement issued today, said it would 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.
AnalytixInsight said it believes these initiatives will enhance current revenues being received from existing multi-year agreements with its partners.
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 says it 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.
The firm’s 49 percent 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”.
In addition, AnalytixInsight said it 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 continue to also trade on the TSX-Venture Exchange under the symbol ‘ALY’. More than 80 percent of CapitalCube’s approximate 2 million monthly user session traffic is originated in the United States.