Business
First Global Data Limited and AnalytixInsight Enter Letter of Intent for a Strategic Business Relationship
First Global Data Limited and AnalytixInsight Enter Letter of Intent for a Strategic Busin...
About this update from Analytixinsight, Inc. (canada)
[{"type":"text","content":"\n\n\n\nFirst Global Data Limited and AnalytixInsight Enter Letter of Intent for a Strategic Business Relationship\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen3{\nBORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: TOP; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt\n}\n.prngen2{\nBORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, July 5, 2017\n\n\n\nTORONTO, July 5, 2017 /CNW/ - First Global Data Ltd. (\"First Global\") (TSX-Venture: FGD, Frankfurt Stock Exchange: 1G5 ), and AnalytixInsight Inc. (\"AnalytixInsight\") (TSX-Venture: ALY) together announce they have signed a letter of intent (\"LOI\") to establish a strategic business relationship between the companies (the \"Parties\")\n\n\n \n \n\n \nThe companies intend to work together on initiatives which include:\n\n\n\n\n1.\n\n\nFirst Global will white label its mobile payment app for use by AnalytixInsight.\n\n\n\n2.\n\n\nAnalytixInsight will leverage its partnerships with organizations such as Samsung and Intesa Sanpaolo, to expand First Global's mobile payments services across Europe and elsewhere as determined by the Parties in a revenue sharing model. Intesa Sanpaolo - one of Italy's largest banks with a market cap of over €45 billion - has shared ownership in AnalytixInsight's subsidiary Marketwall. Under the partnernership, Intesa Sanpaolo will migrate approximately 8 million mobile banking users in 8,000 retail branches to Marketwall's mobile platform across five European countries, to provide a range of mobile payment services. \n\n\n\n3.\n\n\nFirst Global to embed the AnalytixInsight stock trading app in its mobile deployments in India, and elsewhere as determined by the Parties. First Global has a partnership with Vijaya Bank - o...