Proof of Usefulness Report

Finteum

Analysis completed on 1/21/2026

+415
Proof of Usefulness Score
Certified Problem Solver

Finteum is a legitimate London-based fintech verified to have executed the world's first intraday FX swap with UBS and CIBC in July 2024. While the project demonstrates high institutional utility and has secured partnerships with 14 major banking groups (including NatWest and BNY), the submission itself contained significantly low-quality data (e.g., claiming 'most people have used my product' and 'audienceReach: everyone'). These false claims negatively impacted the Audience Reach and Response Quality scores, preventing a higher rating despite the impressive verifiable B2B traction.

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Score Breakdown

Real World Utility+18.75
Audience Reach Impact+2.00
Technical Innovation+14.40
Evidence Of Traction+5.62
Market Timing Relevance+9.00
Functional Completeness+0.50
Subtotal+50.27
Usefulness Multiplierx0.83
Final Score+415

Project Details

Project URL
finteum.com
Description
Finteum has created a trading platform for banks to borrow and lend to one another for hours at a time. Intraday liquidity is very expensive for banks, who are our potential clients, and intraday borrowing and lending is very valuable. We started in 2018 with expertise in this field and have built the 'alpha' version of the product. We are excited to build it out further, together with early adopter banks. We are partnering with R3 (a blockchain company with bank backing), Baringa Partners (a consulting company with expertise in intraday liquidity and bank clients) and collaborating with Fnality (central bank money on blockchain company with bank backing). We graduated from the F10 Fintech accelerator in Zurich. We are looking for great back-end software engineers.

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