AnalytixInsight Joins Global Fintech Innovation Center "The Floor"
09 5월 2018 - 8:00PM
Artificial Intelligence company, AnalytixInsight Inc.
(“AnalytixInsight”, or the “Company”) (TSX-V:ALY) (OTCQB:ATIXF) has
joined “The Floor”, a global Fintech innovation center based in Tel
Aviv. As a member, AnalytixInsight will access, and contribute to,
the unique community of partners and industry innovators within the
financial services market, further strengthening its strategic
offerings with Fintech leaders worldwide.
The Floor (TheFloorHub.com) is an Israeli
Fintech hub that was founded in collaboration with four of the
world’s largest banks: HSBC, Santander, RBS and Intesa SanPaolo.
The Floor is located at the Tel Aviv Stock Exchange building and is
working to shape the bank of the future with exceptional Fintech
solutions. Fintech investment in Israel has grown dramatically,
positioning Tel Aviv as one of the world’s leading Fintech centers
with over 500 Fintech startups and $650 million in accumulated
Fintech VC funds.
Avi Cohen, Co-founder & CEO of The Floor,
commented: “We are pleased to welcome AnalytixInsight to The Floor.
We believe that just like Google and Amazon led the digital
Internet wave, banks today are leading change that is as
revolutionary as the Internet was 20 years ago, with innovation in
payments, artificial intelligence, blockchain, and trading.
AnalytixInsight is already a contributor within this wave and we
look forward to working together with them.”
Prakash Hariharan, President & CEO,
commented: “Being a member of The Floor allows us to showcase our
offerings and expertise to those who are revolutionizing the
industry, and positions us within the ecosystem of thought leaders
in technology innovation. We already have data modelling experts
located in Tel Aviv, who will now collaborate with other members of
The Floor to expand our machine-learning capabilities and develop
new offerings.”
In connection with this initiative, the Company
has granted a total of 250,000 stock options to The Floor pursuant
to its stock option plan. The options vest on May 8, 2020 and
have an exercise price of $0.38 per option for a period of five
years from the date of grant. The Company has also
agreed to grant The Floor an additional tranche of 250,000 options
on January 1, 2019 and a final tranche of 180,000 stock options on
January 1, 2020, with vesting terms of 12 months and 6 months from
such grant dates, respectively. The price of the
options in these latter tranches will be the closing price of the
Company’s shares on the respective grant dates. The grant of
options remains subject to the approval of the TSX Venture
Exchange.
CONTACT INFORMATION:
Scott UrquhartVP Corporate
DevelopmentScott.Urquhart@AnalytixInsight.comTel: (416)
522-3975
ABOUT ANALYTIXINSIGHT INC.
AnalytixInsight’s (AnalytixInsight.com)
artificial intelligence platform transforms data into knowledge.
AnalytixInsight’s online portal CapitalCube (capitalcube.com)
algorithmically analyzes market price data and regulatory filings
to create insightful, actionable narratives and research on over
50,000 global companies and ETFs, providing high-quality financial
research and content for investors, information providers, finance
portals and media. AnalytixInsight holds a 49% interest in
Marketwall, a mobile platform for banking and stock trading
(marketwallcorporate.com). AnalytixInsight owns Euclides
Technologies Inc. (euclidestech.com), a workflow analytics systems
integrator.
AnalytixInsight is a 2018 Venture
50™ company (tsx.com/venture50).
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 growth of the Company’s
business operations; the impact of joining The Floor 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 state 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 Inc., 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; ability to successfully integrate new technology 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 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.
AnalytixInsight (TSXV:ALY)
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AnalytixInsight (TSXV:ALY)
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