Fintech compliance platform for trade surveillance

We partnered with a European fintech company operating in the crypto-asset market to build a custom trade surveillance platform that enabled compliance with new MiCA requirements, reduced reliance on third-party compliance vendors, and established a foundation for future SaaS productization.

Delivered within six months, the solution automated the detection of suspicious trading activity, streamlined regulatory reporting, and reduced compliance case analysis time by up to 80%.

As the European crypto market prepared for the introduction of MiCA, the client faced significant operational and regulatory pressure.

The company needed a reliable way to identify suspicious trading activities, investigate potential market abuse, and generate Suspicious Transaction and Order Reports (STORs) within strict regulatory timelines.

Available third-party compliance platforms were expensive, difficult to adapt to changing requirements, and offered limited control over detection logic and reporting workflows. At the same time, the client had limited in-house expertise in trade surveillance and compliance operations.

As a result, the company needed a scalable compliance solution that would:

• Support MiCA trade surveillance requirements and STOR reporting
• Reduce dependence on external compliance vendors
• Enable compliance operations to scale without increasing head count
• Provide full auditability and traceability for regulatory reviews
• Create a foundation for a future SaaS offering

The solution had to be delivered under tight regulatory deadlines while maintaining high standards of security, transparency, and reliability.

1. Discovery and requirements analysis

The project began with a focused Discovery phase—translating regulatory requirements into system logic and operational workflows.

Throughout the Discovery workshops with the client’s compliance and operations teams, we defined:

• Suspicious trading scenarios requiring investigation
• Detection and escalation workflows
• Reporting requirements and STOR generation processes
• Audit and traceability requirements
• Expected operational workflows for compliance teams

This phase established a shared understanding of how compliance activities would be executed within the platform and ensured that technical implementation remained aligned with regulatory obligations.

2. Architecture and development

Based on our findings from the Discovery process, we designed a stand-alone trade surveillance platform that could operate independently and integrate with the client’s existing infrastructure.

To support future growth and productization, the platform was built using a modular, containerized architecture. During development, we implemented the core surveillance, case management, and reporting capabilities while embedding auditability, traceability, and data minimization requirements into the solution design.

3. Testing and deployment

Before rollout, the platform underwent validation of detection scenarios, reporting workflows, and system performance.

The trade surveillance solution was deployed into production within the required regulatory timeframe, enabling the client to meet MiCA obligations without interrupting ongoing operations.

We delivered a stand-alone web-based trade surveillance platform. It serves as a centralized solution for monitoring trading activity, investigating suspicious behavior, managing compliance cases, and preparing regulatory reports.

Key capabilities include:

• Trade data ingestion. The platform supports near-real-time API-based ingestion of trade data, including both single-event updates and bulk import of trade logs.
• Suspicious activity detection. Trading activity is analyzed across assets, trading pairs, transaction volumes, and customer identifiers to detect patterns associated with potential market abuse or suspicious behavior.
• Configurable detection logic. Compliance teams can independently adjust detection thresholds and surveillance rules without requiring development support. This enables rapid adjustment to changing regulatory requirements.
• Case management interface. A dedicated workspace allows compliance teams to review alerts, validate findings, document decisions, and manage cases throughout their life cycle.
• Automated regulatory reporting. When the system identifies suspicious activity, it automatically prepares structured regulatory reports.
• Auditability and traceability. Every action, decision, and system event is logged, providing a complete audit trail for regulatory reviews and internal governance processes.

Within a six-month timeframe, the client launched a production-ready trade surveillance platform that enabled the company to meet MiCA regulatory requirements within the required deadline.

The solution delivered measurable improvements:

• Up to 80% reduction in compliance case analysis time
• Full readiness for MiCA and STOR reporting requirements
• Elimination of dependency on third-party compliance platforms
• Greater control over surveillance rules and reporting processes
• Improved consistency of compliance operations

Beyond immediate compliance readiness, the trade surveillance solution established a scalable foundation for SaaS productization.

Designed with extensibility in mind, the platform provides a strong foundation for future innovation and commercial growth.

The road map includes integrating machine learning models for advanced detection, automating prioritization and resolution of compliance cases, and expanding the system into a multi-tenant SaaS solution for external clients.