TORONTO, June 24, 2020 (GLOBE NEWSWIRE) — Artificial Intelligence company, AnalytixInsight Inc. (“AnalytixInsight”, or the “Company”) (TSX-V: ALY; OTCQB: ATIXF), comments on CFRA, one of the world’s largest providers of independent investment research, who today announced the release of a new data product focused on Canadian-listed Exchange Traded Funds (ETFs) that provides CFRA clients with the same level of detail the firm has long made available covering the U.S. ETF landscape.
“CFRA’s ETF data is used on our platform to screen ETFs, generate machine-created narratives, and as a data feed for our robo-advisor,” explains Prakash Hariharan, President & CEO of AnalytixInsight. “Our technical teams have worked together for several months to improve data quality on North American ETFs and to develop future product offerings. We are pleased to support CFRA’s launch of its Canadian ETF data set.”AnalytixInsight’s financial analytics platform, CapitalCube, is capable of over 100 billion daily computations and utilizes CFRA’s ETF data in the development of its robo-advisor, which is being prepared for commercial deployment.CFRA reports that for the first time, their users will be able to get in-depth looks at Canadian ETF constituent holdings, granular classifications and key reference fields, which include issuer, expense ratio, strategy, and underlying index, as well as historical returns for each fund since inception. In the investment research space, wealth managers, financial advisors, and investment management firms will be able to scan the universe of Canadian ETFs to find specific asset classes, strategies, and types of exposures while simultaneously comparing specific ETFs based on cost, investment objectives, and holdings. It will also be possible to analyze the underlying constituents across ETFs to better understand sector, factor, and other risk exposures. This new data offering can be easily integrated into existing ETF screeners, portfolio analytics tools and other applications, allowing CFRA clients to build and share more robust offerings with their own clients.“The Canadian ETF marketplace is one of the largest in the world, with well over $150 billion in assets and more than 30 fund sponsors that have products listed on Canadian exchanges,” said Aniket Ullal, Head of ETF Data & Analytics for CFRA. “Until now, there has not been a data solution that captures the nuances of the different ETF share classes specific to the Canadian marketplace. We’ve sought to fill that void, while also leveraging our proprietary fund data framework created specifically for ETFs, so these fast-growing new funds aren’t forced into out-of-date categories and classifications.” “We’re very excited to add this Canada-focused ETF data offering to our U.S. capabilities, and look forward to announcing similar data and analytics offerings focused on the world’s other major ETF marketplaces,” added Ullal, who prior to joining CFRA was the founder of First Bridge Data, LLC, which was acquired by CFRA in 2019.ABOUT CFRACFRA is one of the world’s largest providers of independent investment research, analytics and data. Through a differentiated methodology blending forensic accounting and fundamental equity research, CFRA empowers sophisticated investment professionals, advisors and risk managers with actionable analysis and proven results. CFRA’s global research team of 75 analysts critically evaluates industries, funds and companies of interest to help over 2,000 clients, including the world’s leading institutional investors, wealth advisors, corporations, academics and governments, to make sound investment and business decisions. Founded in 1994, CFRA is privately held with offices in or near New York, London, Hong Kong, Kuala Lumpur, Charlottesville, and Washington, D.C. In October 2016, CFRA acquired and has since fully integrated the Equity and Fund Research business from S&P Global. www.cfraresearch.com.ABOUT ANALYTIXINSIGHT INC.AnalytixInsight Inc. is an Artificial Intelligence, machine-learning company. AnalytixInsight’s financial analytics platform CapitalCube.com algorithmically analyzes market price data and regulatory filings to create insightful actionable narratives and research on approximately 50,000 global companies and ETFs, providing high-quality financial research and content for investors, information providers, finance portals and media. AnalytixInsight also designs and implements Workforce Optimization solutions for large global enterprises. AnalytixInsight holds a 49% interest in MarketWall, a developer of FinTech solutions for financial institutions. For more information, visit AnalytixInsight.com.CONTACT INFORMATION:Scott Urquhart
VP Corporate Development
[email protected]Regulatory StatementsThis 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 relationship between the Company and CFRA, the impact to the Company resulting from its use of CFRA data, the Company’s ability to commercially deploy its robo-advisor; 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 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
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