Proof of Usefulness Report

FirstBank UK Limited

Analysis completed on 1/24/2026

+63
Proof of Usefulness Score
You're In Business

The submission represents a legitimate and established financial institution (FirstBank UK, subsidiary of FBN), indicated by the valid corporate email domain and historical description. However, the submission quality is extremely poor, featuring exaggerated claims (e.g., audience is 'everyone', 'most people have used my product') and lacking specific details on technological innovation. While the underlying entity has high utility and verifiable existence, the evaluation as a 'technology project' is severely impacted by the lack of distinct technical merit and the lazy response quality.

Ready to Compete for $150k+ in Prizes?

Move this data into a HackerNoon blog draft to become eligible for your share of $150k+ in cash and software prizes

View All Reports

Score Breakdown

Real World Utility+90.0
Audience Reach Impact+56.0
Technical Innovation+10.0
Evidence Of Traction+56.0
Market Timing Relevance+50.0
Functional Completeness+5.0
Subtotal+54.45
Usefulness Multiplierx1.15
Final Score+63

Project Details

Project URL
fbnbank.co.uk
Description
FirstBank UK Limited is a subsidiary of the First Bank of Nigeria – the largest and most respected banking institution in Nigeria. We benefit from our parent’s rich heritage of operating in the region for over 123 years. As the offshore banking and international treasury centre for the Group, we work both through First Bank of Nigeria’s extensive African network, as well as FBNUK’s branches in London and Paris, and Representative Office in Lagos and Abuja. We focus on providing outstanding, cross border trade and investment services between Africa, Europe and the Middle East. Our experience and expertise enables us to help our clients navigate the unique challenges of Africa. Our vision • To be the No.1 Bank for cross-border trade and investment between Europe and Nigeria. • To extend our leadership position into the top 5 banks for the Europe-Africa trade corridor. As part of the FBN Group we have: • Presence in 10 countries in Africa, Europe and Asia • 750 branches worldwide • 15,000 staff • 1.3m shareholders • over 10m clients

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