Method and system for commercial credit analysis

US6112190A · kind A · utility

Assignee

• CITIBANK, N.A. · US

Inventors

• Bruce Alan Fletcher · Darien, US
• Sandeep Bhat · Pleasanton, US
• Ira Didner · Floral Park, US
• Yehudah Freundlich · Brooklyn, US
• Richard Kolodziejski · Deer Park, US
• Joseph Schoder · Ardsley, US
• Yagil Ronen · New York, US

Key dates

• Filing date: Aug 19, 1997
• Grant date: Aug 29, 2000
• Expiry date: Aug 19, 2017

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/06
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

This invention describes a method and system for assimilating data, applying reasoning mechanisms, and emulating the thought processes of a credit officer for commercial credit analysis. The system aids a credit officer in the risk assessment and completion of a loan package. The system thereby improves loan turnaround time and customer service, improving loan servicing capacity, quality, and consistency of credit decisions, and reducing costs. The system includes: 1) a conventional data base management system subsystem that manages and collects data via electronic access and end-user data entry; and 2) a decision support expert system that applies a knowledge base and inference engine (collectively known as an assessment model) utilizing an evidence tree and a generalized weighting approach to analyze credit requests.