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US Patent 11776069 Systems and methods using IoT input to validate a loan guarantee

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Is a
Patent
Patent

Patent attributes

Patent Jurisdiction
United States Patent and Trademark Office
United States Patent and Trademark Office
Patent Number
11776069
Patent Inventor Names
Charles Howard Cella
Date of Patent
October 3, 2023
Patent Application Number
16886652
Date Filed
May 28, 2020
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Patent Primary Examiner
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Scott C Anderson
Patent abstract

Systems and methods using IOT input to validate a loan guarantee are disclosed. An example system may include an Internet of Things (IoT) data input circuit to interpret a loan guarantee parameter; an IoT data collection circuit to collect data using at least one algorithm that is configured to monitor IoT information collected from and about an entity involved in a loan in response to the loan guarantee parameter; and a guarantee validation circuit to validate a guarantee for the loan in response to the monitored IoT information.

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