Optimizing recategorization of financial transactions using collaborative filtering
US8538967B1 · kind B1 · utility
Assignee
Inventors
Key dates
| Filing date | Jan 12, 2011 |
| Grant date | Sep 17, 2013 |
| Priority date | — |
| Expiry date | Sep 2, 2031 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/02
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A method to optimize recategorization of financial transactions using collaborative filtering involves obtaining a set of financial transactions of a set of users with a merchant. The method also involves determining, using a processor, a first portion of the set of financial transactions assigned to each recategorization value of a set of recategorization values; determining, using the processor, a second portion of the set of financial transactions where the each recategorization value is different from an initial category; generating, using the processor, a recategorization index for each recategorization value using the first portion of each recategorization value and the second portion; and determining, using the processor, an alternative categorization candidate based on the recategorization index of the each recategorization value.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.