Cue Check: test whether your document pipeline drops strikethroughs and highlights before agents read policy
Tests whether a lender's document converter keeps meaning carried by formatting, then fixes it. Bank and insurer AI teams pay.
Competitive · Paper shows converters drop formatting meaning
Written for: Small startup team
Next step
Call the head of AI at a mid-size US lender that runs an agent over Word credit policies, and ask to run 20 of their redlined policies through Cue Check for free in exchange for a meeting to review the results.
Why now
Banks and lenders are putting agents on credit policies, procedures and contracts that are full of redlines and bold 'must not' clauses. The a16z Reducto episode shows document ingestion has become a funded category. No one sells a test that tells a buyer, on their own documents, what their pipeline loses.
What became possible
A new paper tested 76 real policy documents and found that every mainstream converter loses meaning carried by how text looks: struck-through clauses, highlighted exceptions, red-text changes. Agents reading the output are then confidently wrong rather than visibly incomplete. Late-interaction visual retrievers like pplx-embed-v2-late give a fallback that reads the rendered page.
Two ways in
- Cue Check audit
Takes a sample of the customer's own Word and PDF policies and generates questions whose answers depend on formatting, such as deleted clauses, highlighted exceptions and tracked changes. It runs them through their converter (Docling, Unstructured, Reducto, Azure Document Intelligence) and their agent, then reports loss by cue type.
- Customer
- AI platform leads at mid-size lenders and insurers running policy-following agents
- Model
- $10–25k fixed-fee audit, then a CI subscription that reruns on each converter upgrade
- Cue-preserving shim
A converter wrapper that writes strikethrough, colour, highlights and tracked changes into explicit markdown tags. It falls back to page images through a visual retriever when its confidence is low.
- Customer
- The same teams after the audit, plus document-AI startups
- Model
- Usage-based API, per page
Competition
The risks are real. Buyers could run ParseBench themselves or simply turn on Reducto's or LlamaParse's formatting options, and parser vendors could release customer-corpus evaluation tools. The audit probably works best as a recurring compliance or regression-testing service, not a one-off report.
Full competition notes (8 competitors)
The problem is already recognized and partly solved. LlamaIndex's ParseBench names dropped strikethrough as a critical failure and publishes per-parser formatting scores. Reducto ships an opt-in change_tracking mode aimed at redlines and policy edits. LlamaParse extracts Word tracked changes. Tensorlake, undocx and pandoc already turn insertions and deletions into explicit tags. That makes the cue-preserving shim the weak half of the idea. It wraps converters that are adding the same feature natively, and for DOCX tracked changes it competes with free tools. The audit is the more defensible half. I found nobody selling a vendor-neutral test that generates formatting-dependent questions from a lender's or insurer's own policy documents, runs them through their actual converter and agent, and reports loss by cue type. Public benchmarks run on generic corpora, are built by parser vendors, and stop at parser output rather than agent answers. A new entrant could win by selling that audit to model-risk and AI-governance teams at banks and insurers as independent validation evidence, under SR 11-7-style model risk management and examiner scrutiny. Coverage could also go beyond strikethrough, for example highlighted exceptions, colour-coded applicability, comments, and scanned redlines in PDFs. The risks are real. Buyers could run ParseBench themselves or simply turn on Reducto's or LlamaParse's formatting options, and parser vendors could release customer-corpus evaluation tools. The audit probably works best as a recurring compliance or regression-testing service, not a one-off report.
- ParseBench (LlamaIndex)
Open-source parser benchmark for agents. Its Semantic Formatting dimension scores strikethrough, superscript, bold and title hierarchy, and it measures highlight and underline at rule level. It explicitly calls a silently dropped strikethrough a critical error. Published scores range from about 1% for Docling to 85% for LlamaParse Agentic. It runs on a fixed public corpus, not the customer's own policies, and the vendor that built it also tops it.
- ParseBench evaluation skill
Community agent skill for running ParseBench to compare parsers before ingestion. It shows that do-it-yourself parser evaluation is already packaged for free.
- LlamaParse
Commercial parser that leads ParseBench on semantic formatting. It reportedly added extraction of Word tracked changes and reviewer comments as structured metadata, so it is a direct substitute for the shim.
- Reducto change_tracking
Opt-in parse option that tags strikethrough as <s> and underline as <u> and wraps each revision in <change>. It uses a segmentation model for scanned pages and pitches compliance tracking of policy edits. This is close to the cue-preserving shim built into a leading converter, though it is off by default, which is the kind of setting an audit would catch.
- Tensorlake DOCX parsing
DOCX parser that keeps tracked changes as HTML <ins> and <del> in its output.
- undocx
Open-source Rust crate that converts DOCX to markdown, rendering insertions as <ins> and deletions as strikethrough, with formatting options.
- Pandoc --track-changes=all
Widely used free option for keeping DOCX insertions and deletions when converting. It covers the Word tracked-changes part of the shim at no cost. (This link is Tiptap's tracked-changes import docs, not pandoc's own.)
- Unstructured parsing evaluation guidance
Converter vendor publishing guidance on scoring parsers against labelled ground truth. It covers text, tables, reading order and structure but not formatting-borne meaning specifically.
Checked 2026-10-22
Risks
- Reducto, Unstructured or Microsoft may add the fix themselves and turn it into a feature
- Results from 76 documents may not hold across a bank's own document mix
- Buyers may treat this as a one-off audit rather than a recurring cost
Strong buildability; market pull is the weak point (6).
tech 8 · pull 6 · space 7 · fit 8 · build 9
Exposed
Companies that could benefit or be threatened. News and context, not investment advice.
Momentum of its main topic
Sources
Status history
- 2026-10-22 Flagged as buildable