Financial account related trigger feature for risk mitigation

US8688572B2 · kind B2 · utility

Assignee

• Bank of America Corporation · US

Inventors

• Yanghong Shao · Charlotte, US
• Bibhudatta Jena · Darsi, IN
• Timothy J. Bendel · Charlotte, US
• David Joa · Irvine, US
• Vikas Mishra · Kanchinakote, IN
• Thayer Allison · Charlotte, US
• Deepak Verma · Scottsdale, US
• Srihari Rao Gatpa · Hyderabad, IN
• Naveen Gururaja Yeri · Kanchinakote, IN
• Jade Michelle Le Vo-Dinh · Charlotte, US
• Kunal Makin · Charlotte, US
• David N. Joffe · Charlotte, US

Key dates

• Filing date: Jun 1, 2012
• Grant date: Apr 1, 2014
• Expiry date: Dec 4, 2032

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/02
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Systems and methods for producing and maintaining account related triggers are provided herein. The systems and methods may be utilized for risk mitigation. Account triggers may be executed to determine account activity indicative of a risk event. Once a risk event is identified, the financial institution may determine an appropriate action to mitigate foreseeable risk due to the risk event.