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US Patent 11218494 Predictive fraud analysis system for data transactions

Patent 11218494 was granted and assigned to Raise (financial technology) on January, 2022 by the United States Patent and Trademark Office.

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Patent
Patent

Patent attributes

Patent Applicant
Raise (financial technology)
Raise (financial technology)
Current Assignee
Raise (financial technology)
Raise (financial technology)
Patent Jurisdiction
United States Patent and Trademark Office
United States Patent and Trademark Office
Patent Number
11218494
Patent Inventor Names
William Alfred Wright0
Christopher Jigme Wright0
Lars Wright0
Date of Patent
January 4, 2022
Patent Application Number
16523750
Date Filed
July 26, 2019
Patent Primary Examiner
‌
Aravind K Moorthy
Patent abstract

A method includes receiving, by a computing entity, a transaction for fraud evaluation. The method further includes generating, by the computing entity, evidence vectors regarding the transaction, wherein an evidence vector is a piece of information regarding a topic, or portion thereof, of a list of topics. The method further includes engaging, by the computing entity, tools to generate risk analysis responses based on the evidence vectors. The method further includes discarding, by the computing entity, indeterminate responses of the risk analysis responses to produce a group of risk analysis responses. The method further includes interpreting, by the computing entity, the group of risk analysis responses to produce a fraud evaluation answer of low risk of fraud, high risk of fraud, or further analysis is required.

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