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AnalytixInsight's AI capabilities may propel the company beyond the finance industry

The artificial intelligence company will also introduce a stock trading app by the end of the year
Stocks on a screen
The company may branch out into other sectors

AnalytixInsight Inc (TSX-V:ALY, OTCQB:ATIXF) may be moving into other industries in the near future.

The artificial intelligence company uses proprietary algorithms to provide financial research to investors.

However, the Toronto-based company is confident that its analytical tools can be successful in other industries as well.

“The platform doesn’t care what the data is or where the data is coming from. It’s an analytical tool analyzing the data. So whether the data is sports-related data or financial-related data, it doesn’t matter to the platform," said Vice President of Corporate Development Scott Urquhart. “So we’ll apply it to whatever industries that we think have the best applicability for providing analytics on those big data sets,” he said.

Recently, the company’s subsidiary MarketWall has partnered with Italian bank Intesa Sanpaolo to offer users the opportunity to trade stocks via an app.

The stock trading app should be available by the end of 2018.

AnalytixInsight has a market cap of C$29.44mln.

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