Proof of Usefulness Report

Credit Europe Bank

Analysis completed on 1/23/2026

+648
Proof of Usefulness Score
Category Standard

The project represents the confirmed rebranding of 'Credit Europe Bank' to 'Nexent Bank' (June 2025), a legitimate and established financial institution headquartered in Amsterdam with operations in 7 countries and over 1,000 employees. While the submission data contains significant low-quality placeholder text (e.g., 'most people have used my product', 'marketcap: 1000000001'), external verification confirms high real-world utility, substantial market traction (~1M+ customers), and a solid operational history dating back to 1994. The score reflects the high value and scale of the actual banking entity, heavily penalized in the 'Response Quality' metric due to the poor standard of the application form.

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Score Breakdown

Real World Utility+270
Audience Reach Impact+160
Technical Innovation+75
Evidence Of Traction+212.5
Market Timing Relevance+70
Functional Completeness+2.5
Subtotal+790
Usefulness Multiplierx0.82
Final Score+648

Project Details

Project URL
Description
On 27 June 2025, Credit Europe Bank became officially Nexent Bank. Credit Europe Bank continues its evolution under a new name. The transition to Nexent Bank is a strategic step towards further modernization of the bank’s services. It represents more than a visual identity change - it’s the reaffirmation of a promise: to build a modern, transparent, and customer-centered banking experience. The new identity reflects the values that define the bank - dynamism, diversity, and expertise - and responds to the growing demand for digital, intuitive, and personalized banking services. Under the slogan "The bank designed around you.", Nexent Bank carries forward the trusted tradition of Credit Europe Bank, with an even greater focus on technology, flexibility, and solutions designed around the customer. This is not just a name change, but a clear expression of our commitment to evolve with the needs of our customers and the fast-changing nature of the banking industry. Present in important European markets, Nexent Bank represents the importance of a unified international identity - a new image that reflects our common values in all the regions where the bank is present. This new brand image reinforces and expresses with more clarity the bank’s direction: a personal and reliable company with tailored digital solutions designed for today's and tomorrow's generations. Headquartered in Amsterdam, Credit Europe Bank operates in 7 countries, employing over 1,000 professionals.

Algorithm Insights

Market Position
Strong market validation with clear user adoption patterns
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