Distributed system for custom financing
US11699182B1 · kind B1 · utility
Assignee
Inventors
Key dates
| Filing date | Aug 20, 2021 |
| Grant date | Jul 11, 2023 |
| Priority date | — |
| Expiry date | Aug 27, 2041 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q20/20
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
In some examples, a system may provide financing to a user associated with a user account. Further, a predefined time period for repayment of the financing may be associated with the financing. The system evaluates transactions processed via a user computing device of the user to determine, based at least on the evaluation, that the user is either ahead of schedule or behind schedule to repay the financing according to the predefined time period for repayment. Based at least on the evaluation and based on determining that the user is either ahead of schedule or behind schedule, the system may dynamically adjust a rate of repayment for the financing so that the user is on track for repaying the financing according to the predefined time period for repayment.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.