Proof of Usefulness Report

Oktris Limited

Analysis completed on 2/27/2026

+46
Proof of Usefulness Score
You're In Business

Oktris Limited appears to be a legitimate, UK-based RegTech firm offering MiFID II compliance solutions since 2018. However, the project submission contains severe inaccuracies and unprofessional claims that drastically reduce its score. Specifically, the claims that the audience is 'everyone' and that 'most people have used my product' are factually false for a niche B2B financial service. The revenue field uses the term 'marketcap', creating ambiguity. While the core utility for financial institutions is verifiable, the submission quality and exaggerated traction claims trigger significant penalties.

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Score Breakdown

Real World Utility+18.75
Audience Reach Impact+2.00
Technical Innovation+9.00
Evidence Of Traction+6.25
Market Timing Relevance+5.00
Functional Completeness+0.50
Subtotal+41.5
Usefulness Multiplierx1.11
Final Score+46

Project Details

Project URL
oktris.com
Description
Oktris was founded in 2018 as a response to the lack of MiFID II solutions that were easy to use, did not cost a fortune, were instantly accessible without the need for months of negotiations and on-boarding and that actually worked. Since then, it has focused on making data and reporting services available in the cloud using a Software as a Service delivery mechanism recently complementing the pre-existing machine to machine APIs with a new web portal in late 2020 to which it continues to add new services – many free of charge and available for use by anyone and everyone. Oktris aims to grow these offerings to ultimately deliver the best in reporting and data for the sector covering an increasing number of regulatory regimes – all at affordable price points and with instant one-click onboarding. Oktris presently offers FIRDS, Instrument Eligibility for Reporting (ToTV) checking services and Consolidated Tape technology.

Algorithm Insights

Market Position
Growing utility with room for optimization
User Engagement
Documented reach suggests active user community
Technical Stack
Modern tech stack aligned with sponsor technologies

Recommendations to Increase Usefulness Score

Document User Growth

Provide specific metrics on user acquisition and retention rates

Showcase Revenue Model

Detail sustainable monetization strategy and current revenue streams

Expand Evidence Base

Include testimonials, case studies, and third-party validation

Technical Roadmap

Share development milestones and feature completion timeline