MIFID for Octopus
Developing an application that helps company managers and investors efficiently monitor all necessary documents under stringent MiFID II regulations, to streamline document management and ensure seamless regulatory compliance.
• Mobile Development
• Back-End Development
• Front-End Development
• Quality Assurance
• .NET & ASP.NET Core
• Azure Functions & SQL Azure
• NUnit for automated testing
• RESTful API development
- Team Lead
- Tech Lead
- Solution Architect
- Project Manager
- 2 Back-end Developers
- Manual QA Specialist
- Automation QA Specialist
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About the Client
Octopus Ventures is one of Europe’s largest venture capital firms, headquartered in London and New York. With partners in San Francisco, Singapore, and China, the firm invests from £350k in seed rounds up to £25m in Series A to help entrepreneurs scale globally.
Challenge
Due to stringent MiFID II regulations, EU investment services faced the critical need to enforce strict product governance and independent advice requirements. Octopus needed a solution to:
- Automate collation and storage of all necessary compliance documents for both staff and product offerings.
- Ensure version control, easy comparison, and secure user management for managers and investors.
- Integrate all MiFID II requirements into the app’s design and workflow from the outset.
Solution
Simplified Document Collation
Built a .NET-based application with ASP.NET Core front-end and Azure Functions back-end, allowing users to seamlessly upload, categorize, and retrieve regulatory documents via a unified portal.
Secure Storage & Versioning
Utilized SQL Azure for encrypted document storage and implemented comprehensive auditing features, tracking uploads, edits, and approvals to meet compliance audit standards.
Efficient Review Workflows
Developed intuitive UI components for side-by-side document comparison and annotation, enabling managers and investors to quickly verify governance and advice records.
Business
Value
The MiFID application propelled Octopus’s digital transformation by streamlining document management automation. It drastically reduced manual effort, enforced stringent regulatory compliance checks, and provided transparent audit trails, ultimately saving time and minimizing regulatory risk for Octopus.
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