Automatically determining adverse action reason codes
US11922495B1 · kind B1 · utility
Assignee
Inventors
Key dates
| Filing date | Dec 21, 2021 |
| Grant date | Mar 5, 2024 |
| Priority date | — |
| Expiry date | Jun 7, 2042 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06N20/00
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
Techniques described herein are directed to an intelligent lending platform in which a payment service may receive respective lending queries from users, analyze the queries using a machine-learned model and, if the queries are denied, output respective signals indicating that the respective queries are denied and the reasons for each respective decline. In some instances, the described techniques analyze data associated with each respective denied query to determine high-level reasons for the decline and may present these reasons in a manner that is both understandable to and actionable by the respective user. That is, the techniques may automatically identify the most significant reasons why a particular lending query was denied and may automatically output these reasons to a user in a manner that the user is able to easily comprehend and act upon to increase the chance of receiving an approval upon a subsequent lending query.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.