About Quadra
Quadra is a core banking infrastructure for fintechs that move real money across banks, rails, and time.
Transactions are defined upfront as deterministic settlement obligations, allowing outcomes to be guarantee-checked rather than reconstructed after the fact.
The result is a system where settlement is explicit, exceptions are explainable, and reconciliation largely disappears.
Why reconciliation exists
Banking systems record what happened.
Traditional cores post transactions and update balances once execution occurs. Settlement confirmation often arrives later, on a different timeline, or through a separate system. The ledger assumes convergence without explicitly modeling it.
Operations teams must explain what should have happened
When settlement data arrives late or out of order, teams step in. They compare bank files, rail reports, timestamps, and internal logs to determine whether funds actually moved, partially settled, or failed. This work happens outside the core and depends on human judgment
Reconciliation fills the gap
Manual processes exist because the ledger cannot explain discrepancies on its own. Spreadsheets, tickets, and checklists become the real system of record. Audit risk and operational drag are downstream effects, not root causes.
From events to intent
Transactions are recorded after execution.
Settlement is assumed to converge later.
When data arrives late, out of order, or partially, the ledger cannot account for the discrepancy. Operations teams reconstruct meaning manually using files, logs, and judgment.
Reconciliation exists to fill this gap.
Event-based model
Transactions are defined before execution as explicit obligations.
Settlement expectations are known upfront.
When evidence arrives, the ledger verifies whether the obligation is fulfilled, delayed, or failed. No reconstruction is required.
Reconciliation is unnecessary because intent is explicit.
Intent-based model
When intent is modeled upfront, the system knows what it is waiting for.
How intent becomes operational
1. Intent is defined
Each transaction is created with explicit settlement expectations and closure conditions.
3. Evidence is evaluated
Bank postings, rail confirmations, and batch files are checked against the obligation.
2. Execution is observed
Money moves through internal systems while external settlement progresses independently.
4. Intent is closed or remains open
Settlement is verified deterministically or tracked explicitly when delayed or incomplete.
What changes in practice
01
Operations stop investigating transactions
Instead of searching for mismatches, teams see open obligations with a known cause and next action.
02
Exceptions become explicit
Delays, partial settlements, and failures are tracked as states, not inferred from mismatched data.
03
Reconciliation becomes unnecessary
Because the system already knows what it is waiting for, there is nothing to reconstruct after the fact.
04
Audits move faster
Every balance and delta can be explained directly from open and closed intent.