Proof of Usefulness Report

Obsidian Banking

Analysis completed on 2/8/2026

+4
Proof of Usefulness Score
You're In Business

The submission appears to be a 'vaporware' or fabricated project. Despite a claimed launch in 2019 and a team of 30, there is zero digital footprint for 'Obsidian Banking' or the website 'obsidianbanking.com'. The claim that 'most people have used my product' is demonstrably false. While the concept of fintech for Black millennials addresses a real market niche, the lack of any verifiable existence, the non-functional domain, and the unrealistic traction claims result in a near-zero score.

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Score Breakdown

Real World Utility+2.5
Audience Reach Impact+0.0
Technical Innovation+0.0
Evidence Of Traction+0.0
Market Timing Relevance+1.0
Functional Completeness+0.0
Subtotal+3.5
Usefulness Multiplierx1.1
Final Score+4

Project Details

Description
Fintech banking and investing for Black millennials. Options, fractional shares, round-passive investing, early direct deposits. We're offering a full suite.

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