System and method for credit scoring using an identity network connectivity

US8386377B1 · kind B1 · utility

Assignee

• ID Analytics, Inc. · US

Inventors

• Shanji Xiong · San Diego, US
• Jianjun Xie · Tangxia, CN
• Yinghua Lin · Los Alamos, US
• Guowei Wu · Maoming, CN
• Quan Lu · Shanghai, CN
• Stephen Coggeshall · Los Alamos, US

Key dates

• Filing date: Apr 22, 2008
• Grant date: Feb 26, 2013
• Expiry date: Sep 23, 2029

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q20/4016
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A technique is provided for determining credit ratings without the need for traditional credit bureau data. In at least one embodiment of the invention, a method comprises the steps of providing a network of linked identity records, each identity record comprising identity related information; receiving an identity record comprising identity related information of the entity; linking the received identity record with at least one of the identity records in the network of linked identity records, quantifying a plurality of linked identity records related to the entity; and generating a credit rating for the entity based on the quantified identity records. Application of the invention is particularly useful for individuals with less than a few years credit behavior recorded on a credit bureau, such as immigrants or young people with limited traditional historical information (“thin file”) and individuals with no traditional historical information (“no hit”).