AnalytixInsight Inc.’s subsidiary, MarketWall srl, has entered into a contract with Intesa Sanpaolo to develop a new mobile banking platform for Intesa Sanpaolo as part of Intesa Sanpaolo’s continuing fintech developments for front-end banking and trading applications.
This mobile banking and web development contract is valued at approximately 1.4 million euros (approximately $2-million) plus annual maintenance fees, and is in addition to the previously announced multiyear licensing partnership with Intesa Sanpaolo (valued at approximately $10-million over five years).
MarketWall will provide a custom version of the MarketWall app to Intesa Sanpaolo’s approximately 20 million retail customers. MarketWall will also work with Intesa Sanpaolo to integrate the MarketWall app with its retail banking portals and develop seamless trading services in six countries where the partnership is exclusive — Italy, Slovakia, Slovenia, Croatia, Hungary and Serbia. The first version of this app is expected to launch in the first quarter of 2017.