LONDON / INDIA February 12, 2024 -- Galytix, the GenAI data
technology company for financial institutions, announced the expansion of its
next generation GX data platform, which is now being used by global banks to
automate corporate credit lending and generate early warning signals.
Founded in 2015, Galytix developed a market-leading data
operating system powered by generative AI that engineer and unifies the
end-to-end data flow for financial institutions. Its proprietary GX Platform
discovers, ingests, curates and ontologises structured and unstructured data
using algorithmic, end-to-end pipelines and intelligent metadata.
GX's Gen-AI models are trained on proprietary data for the
financial services industry and address multiple use cases across banking and
insurance. These trained models bring siloed, intercloud data into a single,
usable ecosystem that generate early warning signals tailored to financial
institutions.
In banking, the GX platform's extensive automative functions and
data analysis allow clients to streamline the lending journey for corporate
banking clients, resulting in faster, more effective credit decisions. It also
frees corporate banking teams to focus more on client service while providing
them with usable and reliable data-driven credit insights.
Galytix clients include Societe Generale,
which uses the GX platform to manage its data flow for corporate credit ratings
and analysis globally. This includes everything from data ingestion to
preparing client credit analysis.
"We fundamentally believe that relationship managers and
credit analysts at banks should be supported by AI features that automate
routine work and increase productivity. It's like having an analyst on
demand," said Raj Abrol, CEO, Galytix. "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."
About Galytix
Galytix is a market-leading provider
of a GenAI platform dedicated to serving financial institutions. Its GX
platform provides access to the latest insights, analytics and alerts by
algorithmically engineering structured and unstructured data into a connected data
ecosystem. The company was founded in 2015 and has over 100 data scientists and
data engineers in key markets around the world who serve leading financial
companies.
For more information, visit www.galytix.com.