Finance Magnates learned on Tuesday that Viral Tolat has established a new company.
Called Neural Engines, the company plans on creating a platform for building applications.
The company is clearly in its early days but looks to have some exciting plans.
“Neural Engines is developing a set of vertical business platforms that will transform the IT industry just like automation has transformed manufacturing,” says a block of text on its homepage.
“We envision a system where experts train systems to do what they need instead of writing business specs and having programmers build code.”
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Tolat will be familiar to many of our readers given his extensive experience in both the financial services and technology industries.
Most recently, he was the chief executive officer of Tradair – a Tel Aviv-based provider of trading solutions for cryptocurrency, foreign exchange and CFD brokers.
Despite his Herculean efforts, Tolat decided to leave TradAir after about a year, having found it tough to properly lead the firm from his base of operations in the US.
Prior to leading the charge at TradAir, Tolat spent five years at trading giant EBS Dealing Resources.
During those five years, Tolat worked as chief technology officer of the firm but faced some controversy over a court case involving his previous company – Integral.
A co-founder of the foreign exchange trading firm way back in 1993, Tolat helped to build the firms technology from scratch. The company continues to work with a mix of brokers, banks, and investment companies until today.