Risk assessment in lending

US11341571B1 · kind B1 · utility

Assignee

• Wells Fargo Bank, N.A. · US

Inventors

• Hemalatha AC · Kanchinakote, IN
• Dipan Banerjee · Kanchinakote, IN
• Naveen Gururaja Yeri · Kanchinakote, IN
• Srimoyee Duttagupta · Kanchinakote, IN
• Pranshu Sharma · New Delhi, IN
• Alan On Yau · Tustin, US
• Michelle Sunna Nowe · South Pasadena, US
• Manesh Saini · Kingston, US
• Hasan Adem Yilmaz · San Diego, US

Key dates

• Filing date: Feb 6, 2020
• Grant date: May 24, 2022
• Expiry date: Feb 13, 2040

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/08
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Risk assessment can be performed in many contexts including in lending. A set of metrics can be received and derived from data associated with a party, such as a third-party retailer or dealer, with respect to performance of an activity. A subset of metrics can be identified that exceed a threshold of acceptable performance. Weights can be applied to at least the subset of metrics that captures significance of corresponding metrics. A single weighted score can be computed from aggregation of the weighted subset of metrics, and a third party can be classified based on comparison of the weighted score to a predetermined threshold.