Proof of Usefulness Report

IDB Bank

Analysis completed on 2/10/2026

+617
Proof of Usefulness Score
Category Standard

The project represents a verified, established financial institution (IDB Bank NY) with significant real-world assets and a 75-year operating history, warranting high Utility and Traction scores. However, the submission quality is extremely low, featuring exaggerated audience claims ('everyone', 'most people have used my product') and minimal technical detail ('Banking'). The score reflects the massive scale of the underlying business ($750M+ market cap) while penalizing the poor response quality and lack of specific innovation insights.

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 Utility2.5)
Audience Reach Impact2.0)
Technical Innovation1.5)
Evidence Of Traction2.5)
Market Timing Relevance1.0)
Functional Completeness0.5)
Subtotal+663
Usefulness Multiplierx0.93
Final Score+617

Project Details

Project URL
idbny.com
Description
IDB Bank® is a New York-based private and commercial bank licensed by the State of New York and a member of the Federal Deposit Insurance Corporation. Since our doors opened in New York in 1949, IDB has grown from its Manhattan headquarters to include branches in Brooklyn and Staten Island, N.Y.; Short Hills, N.J.; downtown Los Angeles and Beverly Hills, Calif.; and Aventura, Fla. IDB also has representative offices in Latin America and Israel. At IDB, we have a singular mission: We aspire to be the best bank for our clients. IDB Bank® is a registered service mark of Israel Discount Bank of New York. Member FDIC. Equal Housing Lender.

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