Capital Markets
Transformation Assurance
Multi-Agent AI

The proof that
transformation holds.

In complex systems, success is not defined at kickoff — it is validated through execution. NeuroQA provides the intelligence layer that makes CIB transformation measurable, provable, and reliable.

20+
Years CIB delivery
$3.5B
Market served
90%+
Generation accuracy
<5%
Hallucination rate
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The Pattern
"Many failed transformations are not failures of strategy. They are failures of assurance."

For fifteen years, the same scene repeated across Tier 1 and Tier 2 banks. Ambition. Executive sponsorship. Large budgets. Then, as go-live approached — risks became manageable on paper. Programmes moved forward carrying more uncertainty than leadership realised.

The consequence: war rooms, regulatory scrutiny, remediation budgets. Not a technology failure. A knowledge failure.

Read the full thesis
01

Migrations that break at the finish line

Test scenarios that pass UAT but fail in production — never covering real market conditions, booking conventions, or edge-case lifecycle events specific to the bank's configuration.

02

Knowledge that leaves with the consultants

Every programme creates institutional knowledge. When the engagement ends, it walks out the door. No structured handover, no reusable asset, no organisational memory.

03

Defects that survive the test cycle

80%+ of production defects trace back to specifications — misinterpreted, under-specified, or lost in translation between functional and technical teams.

Document
Chunk
Test Case
Rule
CIB Knowledge Graph
Domain intelligence
that compounds.

A two-layer knowledge graph encoding 15+ years of capital markets expertise — products, lifecycle events, regulatory rules, booking conventions. Every generated test case is grounded in and traceable to this graph. Hover nodes to explore. Click a domain to switch.

FX Spot & Forward 142 TC
Rates & IRS 118 TC
Credit & CDS 96 TC
Equity Derivatives 87 TC
Regulatory Rules 64 nodes
Murex Configurations 38 docs
Five Layers of Value
Not a test tool. A platform.

Five compounding layers — each independently valuable, together they form a moat that grows with every engagement.

01

Knowledge That Compounds

A two-layer CIB Knowledge Graph. Every engagement enriches it. Unlike consulting knowledge that walks out the door, it stays, grows, and transfers across engagements.

02

Test Generation at Scale

RAG-grounded generation: 590+ scenarios per domain, 90%+ accuracy, <5% hallucination. Every test case traceable to a KG node and source document.

03

Execution Anywhere

Vendor-agnostic API. Murex today. Calypso, Finastra, SBS, Temenos, Avaloq, ION, FIS next. One intelligence layer, any core banking system.

04

Compliance That Proves Itself

Unbroken audit trail from spec to result. DORA, Basel 3.1, EMIR Refit answered in seconds. Compliance becomes a product feature, not a project cost.

05

Change Impact Intelligence

A new UMR phase. A Murex patch. A CLS rule update. The Knowledge Graph shows what breaks — before it breaks in production, not after.

The Moat

15+ years encoded

CIB products, lifecycle events, booking conventions, regulatory rules. This knowledge takes 15 years to accumulate. It cannot be hired or acquired. It must be lived.

Strategic Thesis
Why this. Why now. Why it wins.
Part I
The Pattern That Keeps Repeating

For fifteen years, I watched the same scene repeat across BNP Paribas, Société Générale, Natixis, and UBS. A major transformation programme. Executive sponsorship. Ambitious timelines. And then — in the months before go-live — the quiet unravelling.

Risks that were flagged but not resolved. Test scenarios that passed UAT but broke in production. Knowledge that lived in a consultant's head and walked out the door at the end of the engagement.

The problem was never the technology. It was always the knowledge — unstructured, unretained, unverifiable.

NeuroQA exists to fix this. Not by adding another QA tool to the stack. By encoding the knowledge itself.

Part II
The Assurance Gap

CIBs spend €50–200M on major system transformations. Of that, roughly 15–25% goes to testing. Yet the single most common cause of programme failure is not technical complexity — it is inadequate test coverage of domain-specific scenarios.

The gap is structural. Manual test writing requires deep domain expertise. That expertise is scarce, expensive, and inconsistently applied. The result: test suites that are wide but shallow. Coverage metrics that look sound. Production defects that don't.

80%+ of production defects trace back to specifications — misinterpreted, under-specified, or lost in translation between functional and technical teams.
Part III
Why Generic AI Cannot Solve This

The instinct is to apply a general-purpose LLM. It fails — not because LLMs are ineffective at text generation, but because domain grounding is the hard part.

A general model does not know that a USD/JPY forward settling before the Tokyo cut-off requires a specific Murex workflow. It does not know that CLS eligibility rules differ by currency pair. It cannot determine what breaks in a specific bank's configuration when a UMR phase changes.

This knowledge cannot be prompted into existence. It must be encoded — from 15+ years of real CIB delivery, structured into a knowledge graph that grounds every generated test case in verifiable, traceable domain facts.

Part IV
The Value Thesis

NeuroQA delivers five compounding layers of value. Each layer is independently defensible. Together, they create a structural moat that compounds with every engagement.

Knowledge retention. Every domain insight encoded. Never walks out the door again.
Coverage at scale. 590+ domain-aware scenarios per asset class, generated in minutes, not weeks.
Portability. Vendor-agnostic. Murex today, any core banking system tomorrow.
Built-in compliance. Spec → KG node → test case → result. Unbroken, auditable chain.
Change intelligence. Know what breaks before it breaks. Not after.

Part V
Beyond Testing

Testing is the entry point — the use case that forces knowledge to be structured and verified. But the Knowledge Graph becomes the institutional memory of the CIB transformation programme.

Over time, it becomes the authoritative source for regulatory reporting, change impact analysis, onboarding acceleration, and vendor benchmarking. The more it is used, the more valuable it becomes. That is the compounding moat.

The category we are building is not "AI testing." It is CIB transformation intelligence — and no one owns it yet.
Part VI
Why Now

Three forces are converging. First, the regulatory environment — DORA, Basel 3.1, EMIR Refit — is raising the bar for traceability and assurance. Second, the CIB technology stack is in the middle of a once-in-a-decade migration wave. Third, foundation model capability has crossed the threshold where RAG-grounded generation is production-viable.

The window for first-mover advantage is 18–24 months. The player who owns the CIB Knowledge Graph owns the category. We are building it now.

Part VII
The Ask

We are looking for four types of partners. A lighthouse CIB — a named Tier 1 or Tier 2 bank with an active Murex programme, willing to co-build and co-publish. A technical partner — cloud and infrastructure capability at financial-grade scale. A GTM ally — SI or consulting firm with CIB access and appetite for a joint offering. And strategic capital — seed or strategic round from an investor who understands the structural moat.

If you recognise the problem — if you have sat in those war rooms — then you understand why this exists. Let's talk.
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Market Sizing
A $3.5B segment.
No category leader.

The CIB testing market has no vertical AI product, no structured knowledge layer, no vendor-neutral intelligence platform. The barrier to entry is not technology — it is domain expertise.

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$24B
TAM
$3.5B
SAM · CIB
$250M
SOM · 3yr
Founder Fit
"This knowledge takes fifteen years to accumulate. It cannot be hired or acquired. It must be lived."
Ismail Moudden
Founder, NeuroQA · Capital Markets Engineer · Murex Specialist

15+ years delivering CIB transformations across Tier 1 and Tier 2 banks. The knowledge encoded in NeuroQA is not synthesised from documents — it is built from lived delivery experience across FX, Rates, Credit, and Equity.

Full background →
BNP Paribas
Senior Murex Engineer · FX & Rates
5 YRS
Société Générale
Capital Markets Technology · CIB Core
4 YRS
Natixis
Murex Migration Lead · Credit & Equity
3 YRS
UBS
Transformation Consultant · Multi-asset
3 YRS
Domain Coverage
FX Spot & FwdNDF IRS & RatesCDS Equity Deriv.CLS Murex 3.1DORA
Entry Points
The category will be owned.
The question is by whom.
Investors & Partners

Strategic collaboration

Seed capital, technical partnership, GTM alliance, or lighthouse client engagement. Four tracks, one conversation. Direct with the founder — no intermediaries.

Work with us →
CIB Teams

Early platform access

NeuroQA is in active development. Early-access partners get direct input into the product roadmap and preferred commercial terms for the MVP engagement.

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