Breaking Down the Morningstar Global Partnership and Financial Expansion

Host: Well welcome back ladies and gentlemen to AnalytixInsight’s channel forefronting artificial intelligence with actionable insights. 

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Joining us is Prakash, the Chief Executive Officer. Welcome back sir.‍

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Prakash: Thank you for having me.

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Host: Always a pleasure to have you back. You guys have been doing some fascinating stuff in the AI world and recently you announced that Morningstar’s research and market data for the GEMINA platform is now utilized by two European banks. That platform is really getting into the financial sector. Can you break that down for us?

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Prakash: Sure we launched a partnership with Morningstar with the platform Morningstar Global which is basically GEMINA. That's our enterprise platform, so Morningstar effectively is going to be using our enterprise platform that we have developed, as a part of their entire rollout of Morningstar products globally. That's a really big partnership. We've already signed two institutions with the process of adding more. There's clearly a demand for enterprise data infrastructure platforms across financial institutions, which has been monopolized by one out of four including Morningstar. The data infrastructure platform itself is getting disrupted on account of newer technologies, more streaming data, more cloud-based infrastructure, more web enabled performance, web applications more towards the app world which has been very slow to migrate from the traditional hardwired data infrastructure platforms that are currently existing.

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I mean on average, the banks spend close to 150 to 200 million dollars per year on their data infrastructure needs, which is a staggeringly high amount when you think about where the technology has moved and it's a bit of a catch-up trade on the enterprise side with financial institutions. 

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Host: Now do you mind updating us as well on your InvestoPro, because you guys are working on a few fronts there.

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Prakash: Yes sure. We did go live with InvestoPro in the last holiday season with Intesa Sanpaolo but the fact is also that Intesa Sanpaolo in the last year or so has become a bigger financial institution than when we started. They acquired four other banks - one of them was Uni Bank which is a very big bank. It's a bit like Royal Bank and BMO merger, so there's a complete consolidation of their independent stock trading discount brokerage platforms into one unit which increases the scope and the scale of our platform. So we expect bigger traction on the user base on the back of that and a better penetration of the technology that we have incorporated into rolling out Investo, which was basically the stock trading platform of the former Intesa Sanpaolo bank.

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Host: So moving forward, when we're talking about guidance here because you guys are really disrupting and getting involved with some major hard-hitting clients. How do you guys kind of see yourselves moving into the summer? 

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Prakash: We are in a very explosive growth phase right now. I think 2022 would be a year of strong growth for AnalytixInsight through GEMINA and Morningstar through InvestoPro. We also have an AnalytixInsight partnership with Refinitiv currently, on the data analysis point. So on all the three areas, we are looking to grow very rapidly in 2022. This could be a year whether we look back and say this was the period of solid consolidation growth for the company.

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Host: That's great to hear so on that note, I'm going to pass the question off to you guys. I'd love to know what you think in that comment section below. Consider subscribing because as news comes down the wire of course we're going to continue to update you here. But stay cool, stay awesome and as always, I look forward to catching you in the next one.