GCC banks could unlock up to $100bn in additional value by adopting agentic AI to manage credit risk and SME lending, according to Raj Abrol, CEO of Galytix.
Speaking at the Middle East Banking AI & Analytics Summit in Dubai, Abrol said small and medium-sized enterprise (SME) corporate lending is poised for significant growth over the next decade, creating a substantial revenue opportunity for banks that modernise their risk infrastructure.
He argued that artificial intelligence has moved beyond experimentation and into a phase where demonstrable return on investment is becoming measurable. Rather than deploying generic tools, Abrol urged financial institutions to implement risk domain-specialised AI systems trained specifically on credit risk knowledge and adaptable to each bank’s internal policies and processes.
Raj Abrol, CEO of global firm Galytix said: “The banking industry needs to wake up to the fact that generic LLMs are simply not fit for purpose in the high stakes credit risk marketplace. A lack of access to accurate data means that gaping opportunities offered by emerging market investments are missed, leaving credit chains fragmented. Risk domain specialised AI can embed credit policy, financial data and regulatory logic to unlock a lucrative, multi-billion-dollar market,” he added.
Industry analyst Patrick Sullivan, CEO of Parliament Street think tank, reinforced the message, calling for a more decisive shift in strategy.
“The banking industry cannot continue tinkering <a href="https://jordangazette.com/air-arabia-rolls-out-ramadan-sale-with-up-to-40-discounts/”>with AI, it needs to embrace expertly designed systems that can address real world problems. Risk assessment is an obvious use-case for the technology, but the financial services industry needs to wake up and recognise this fact,” he said.
Founded in 2015, Galytix works with major global financial institutions and was recently appointed to a supplier consortium with PwC supporting the Global Emerging Markets Risk Database (GEMs) Consortium in a multi-million-pound deal. The company has expanded its international footprint in recent years, including a growing presence across the GCC.
Its flagship product, CreditX, is an AI-powered agent designed to automate key credit processes such as data ingestion, financial analysis, memo generation and peer comparison, aligned with bank-specific credit policies and templates. According to the company, the platform can complete up to 30 hours of manual credit analysis work in under 30 minutes.