Get the Latest Investment Ideas Delivered Straight to Your Inbox. Subscribe


Company Brings Together Artificial Intelligence, Blockchain and Financial Trading

Share on Stocktwits


This tech company, which has been using artificial intelligence to produce financial research, has joint ventured with an Italian bank to create a financial trading platform that has the potential to be used by millions.

Artificial intelligence (AI), with its ability to process enormous amounts of data, is a natural fit for the financial services industry. PwC reported that in its 2017 Digital IQ Survey, "about half (52%) of those in the financial services industry said they're currently making 'substantial investments' in AI, and 66% said they expect to be making substantial investments in three years."

PwC also found that about "three out of four (72%) business decision makers believe that AI will be the business advantage of the future."

Analytixinsight Inc. (ALY:TSX.V; ATIXF:OTCQB) is in the vanguard of the AI movement in finance. According to the company, its portal, by utilizing artificial intelligence, "provides comprehensive company analysis, including on-demand fundamental research, portfolio evaluation and screening tools, on over 50,000 global equities and North American ETFs."

The portal works on a "freemium" model, providing free basic financial information, while subscribers access in-depth analysis and predictive analytics.

"We invested because AnalytixInsights had a modest market cap and strong management." – Steve Palmer, AlphaNorth Asset Management

AnalytixInsight states CapitalCube is "designed to empower investment ideas by providing in-depth analysis, peer-to-peer performance evaluations, accounting and earnings reports, dividend strength and AI-supported information about likely corporate actions such as dividend changes, share buybacks and acquisitions."

The company notes that CapitalCube publishes more than 3,000 articles daily and tracks about 2 million user sessions per month. Its content partners include Yahoo Finance, the Wall Street Journal, Thomson Reuters and the Euronext stock exchange.

AnalytixInsight also has partnered with Italy's largest retail bank, Intesa Sanpaolo, to create MarketWall, a real-time stock trading and mobile banking app. The app integrates with Intesa Sanpaolo's MarketHub trading platform, and brings together CapitalCube's company analysis with real-time stock trading data.

The company reports that in the first half of this year it expects to roll out MarketWall to Intesa Sanpaolo's 8 million stock-trading clients. Through a partnership with Samsung, the app will be preloaded on some devices.

The company has also indicated that MarketWall may spinout as a publicly traded FinTech company.

Toward the end of 2017, AnalytixInsight announced that it has taken on blockchain initiatives. The company reported that it is evaluating using blockchain "distributed ledger technology to reduce transaction costs and settlement times for its users and partners in CapitalCube and Marketwall."

AnalytixInsight believes blockchain holds the potential to disrupt the current settlement system, speeding it up and lowering costs.

Steve Palmer, founder, president and chief investment officer of Alpha North, is an investor in AnalytixInsights. He told Streetwise Reports that there are very few was to play the artificial intelligence (AI) space in Canada. "We invested because AnalytixInsights had a modest market cap and strong management—Chairman and CEO Hariharan Prakash was previously a successful fund manager for many year and understands junior equity markets.

"The company has contracts with major companies. Revenue is highly scalable. We also liked the fact that the company was at an inflection point of reporting a net profit," Palmer added.

AnalytixInsight has 69 million shares outstanding and a market cap of approximately CA$34 million.

Want to read more Streetwise Reports articles like this? Sign up for our free e-newsletter, and you'll learn when new articles have been published. To see a list of recent articles and interviews with industry analysts and commentators, visit our Streetwise Interviews page.

1) Patrice Fusillo compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. She or members of her household own shares of the following companies mentioned in this article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with AnalytixInsight.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own shares of AnalytixInsight, a company mentioned in this article.

Want to read more about Special Situations, Technology and Cryptocurrency / Blockchain investment ideas?
Get Our Streetwise Reports Newsletter Free and be the first to know!

A valid email address is required to subscribe