Proof of Usefulness Report

GXS Bank

Analysis completed on 1/24/2026

+531

Proof of Usefulness Score

Industry Mainstay

The project represents GXS Bank, a verifiable and significant digital bank in Singapore backed by Grab and Singtel. While the entity itself commands massive real-world utility, capital, and market relevance (placing it potentially in the 700+ tier), the submission quality is exceptionally poor. Claims like 'most people have used my product' are factually incorrect globally, and technical details are omitted. The score is verified-high due to the domain legitimacy and known market position, but significantly penalized for the lack of evidence and effort in the submission data.

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+18.00

Audience Reach Impact+7.00

Technical Innovation+5.25

Evidence Of Traction+18.00

Market Timing Relevance+9.00

Functional Completeness+0.50

Subtotal+57.75

Usefulness Multiplierx0.92

Final Score+531

Project Details

Project URL

gxs.com.sg

Description

At GXS, we're not just another bank. We're on a mission to make banking better for everyday consumers and small businesses. Better is a journey and we're here to stay the course.

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