Systems and methods for selective use of risk models to predict financial risk
US7668776B1 · kind B1 · utility
40Cited by
35References
9Claims
0Family size
Assignee
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Key dates
| Filing date | Jan 7, 2002 |
| Grant date | Feb 23, 2010 |
| Priority date | — |
| Expiry date | Jan 26, 2025 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/08
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A risk system that performs a risk assessment of a financial transaction to obtain a first risk score, and based on first risk score performs post-score assessments by selectively utilizing various scoring models and databases. The post-score process re-assesses some of the borderline risks in order to capture beneficial transactions that may fail standard risk assessments that use a cutoff risk score to divide the transactions into either authorized or declined groups.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.