London [UK]/ New Delhi [India], February 12 – Galytix, the leading GenAI data technology company for financial institutions, has announced the expansion of its GX data platform, bringing automation to corporate credit lending for global banks. The platform utilizes generative AI to generate early warning signals, streamlining the lending process and enabling faster credit decisions.
Founded in 2015, Galytix has developed a proprietary GX Platform, powered by generative AI, which revolutionizes the data flow for financial institutions. The platform’s advanced algorithms discover, ingest, curate, and ontologize structured and unstructured data, creating a unified ecosystem that delivers early warning signals customized for financial institutions.
GX’s Gen-AI models are rigorously trained on proprietary data from the financial services industry, addressing a range of use cases in banking and insurance. By bringing together fragmented data into a single, usable ecosystem, the platform enables financial institutions to make more informed credit decisions.
The GX platform offers comprehensive automation and data analysis capabilities, allowing banking clients to streamline the corporate lending process. This not only results in faster credit decisions but also provides corporate banking teams with reliable and data-driven credit insights. This enables them to focus on client service and build stronger client relationships.
Among Galytix’s prestigious clients is Societe Generale, a global banking institution that utilizes the GX platform to manage its data flow for corporate credit ratings and analysis worldwide. The platform supports various stages of the credit analysis process, from data ingestion to client credit analysis preparation.
Raj Abrol, CEO of Galytix, emphasized the importance of supporting banking professionals with AI-powered features that automate routine work and enhance productivity. Abrol stated, The approach we have developed for global banks like Societe Generale represents a step change in how frontline teams use technology to improve credit decision-making and risk monitoring. We are proud to be expanding our work to transform the siloed data that exists across the banking industry into a connected data ecosystem that delivers a seamless experience for users and actionable business intelligence.
Galytix is a leading provider of the GenAI platform, dedicated to serving financial institutions. The GX platform leverages generative AI to transform structured and unstructured data into a connected data ecosystem, offering real-time insights, analytics, and alerts. With over 100 data scientists and engineers worldwide, Galytix serves some of the largest financial companies.
For more information about Galytix and its GenAI platform, visit www.galytix.com.
