Proof of Usefulness Report

Pibank Colombia

Analysis completed on 2/3/2026

+566
Proof of Usefulness Score
Industry Mainstay

Pibank Colombia is a legitimate digital banking subsidiary of the multinational Banco Pichincha Group, verified to have launched in Colombia in 2022 with high-yield savings products. While the project itself has high real-world utility and strong financial backing, the submission was of very low quality, featuring a likely invalid email address and hyperbolic, unsupported claims ('most people have used my product'). The score reflects the verifiable solidity of the banking entity, significantly penalized by the poor quality and lack of evidence in the submission.

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Score Breakdown

Real World Utility+225.0
Audience Reach Impact+130.0
Technical Innovation+82.5
Evidence Of Traction+75.0
Market Timing Relevance+85.0
Functional Completeness+2.5
Subtotal+600
Usefulness Multiplierx0.94
Final Score+566

Project Details

Project URL
Description
Pibank es una marca comercial de Banco Pichincha Colombia, ofrecemos productos digitales de alta calidad, fáciles de usar y centrados en las personas. Hacemos parte del Grupo Pichincha, grupo financiero multinacional de capital ecuatoriano con una trayectoria de más de 116 años de historia. Es la mayor institución bancaria de Ecuador y está presente en Perú, Panamá, España, Estados Unidos y en Colombia desde hace más de 50 años.

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