Patent · US Active

System and computer program for modeling and pricing loan products

US8577791B2 · kind B2 · utility

2Cited by

5References

22Claims

0Family size

Assignee

SAP AG · DE

Inventors

Denis Malov · Scottsdale, US
Wei Sun · Beijing, CN
Gustavo Ayres de Castro · Scottsdale, US

Key dates

Filing date	Mar 23, 2007
Grant date	Nov 5, 2013
Priority date	—
Expiry date	Jan 20, 2030

Classification

Technology area (CPC G)Physics
CPC primaryG06Q40/03
WIPO fieldIT methods for management
WIPO sectorElectrical engineering

Abstract

A computing system (100) receives transaction records (130) for loans taken at various interest rates (1904) for a loan segment (902). Performance indicators (1716) indicative of customer behaviors (1702) are computed (1806) using independent demand models (300, 302, 304, 306, and 308). Computing system (100) includes a performance indicator forecaster (112) that determines relationships between the performance indicators (1716) and various prices, or interest rates (1904). These relationships can include profit (1906) and/or volume (1908) relative to the various interest rates (1904). The relationships are utilized to select an interest rate (1912, 2102) for the product segment (902) for implementation by a financial institution.

Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.