Proof of Usefulness Report

IbanXS

Analysis completed on 2/10/2026

+617
Proof of Usefulness Score
Category Standard

IbanXS is a verified, licensed Payment Institution (PSD2) regulated by the Dutch Central Bank, connecting over 2,500 banks across Europe. While the submission text itself was poor (claiming 'everyone' as audience and 'most people' as traction), external verification confirms it is a significant B2B infrastructure provider with valid partnerships (e.g., Flow Your Money, Opaay). The project demonstrates high real-world utility and regulatory compliance, justifying a high score despite the low-quality submission inputs.

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Score Breakdown

Real World Utility+225.0
Audience Reach Impact+96.0
Technical Innovation+120.0
Evidence Of Traction+160.0
Market Timing Relevance+80.0
Functional Completeness+5.0
Subtotal+686
Usefulness Multiplierx0.90
Final Score+617

Project Details

Project URL
ibanxs.eu
Description
Join the Open Banking revolution with IBANXS! Our independent PSD2 platform connects you to over 2.500 banks across Europe for Payments and/or Account Information. From Payment Service Providers to Accounting Software companies to Lending and Factoring companies, our renowned clients trust us to provide seamless bank connections. Plus, our dedicated team is always working to connect Any Bank. Anywhere. Visit our website or contact us at hello@iIBANXS.eu to see how our product can help your company achieve its goals! #weareIBANXS #OpenBanking #PSD2 #Fintech

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