Financial risk prediction systems and methods therefor

Claim 2

A computer-implemented method for predicting financial risk, the computer-implemented method comprising: receiving transaction data pertaining to a plurality of transactions for a credit account, said transaction data including at least one of a transaction type and a transaction amount for each transaction of said plurality of transactions; scoring said transaction data, wherein scoring said transaction data includes scoring a transaction pattern ascertained from said transaction data based on a preexisting model to form a score for said credit account, the transaction pattern being indicative of a pattern associated with the plurality of transactions for the credit account, said transaction pattern being arranged to include events that impact the financial risk; determining when said score is below a predefined financial risk; and transmitting said score to an account issuer of said credit account when it is determined that said score is below the predefined financial risk.

Claim 3

A computer-implemented method as recited in claim 1 wherein said account issuer is a first account issuer, the method further including: transmitting said score to a second account issuer of a different credit account when said score is determined to be below said predefined financial risk, said second account issuer being different from said first account issuer.

Claim 4

A computer-implemented method as recited in claim 1 wherein said transaction data is current transaction data.

Claim 5

A computer-implemented method as recited in claim 3 further including: generating the preexisting model, wherein the preexisting model is generated using non-current transaction data.

Claim 6

A computer-implemented method as recited in claim 1 further including: archiving the transaction data.

Claim 7

A computer-implemented method as recited in claim 1 further including: transmitting said score to a transaction authorization system, wherein when said score is determined not to be below the predefined financial risk, the transaction authorization system is arranged to deny an authorization request.

Claim 8

A computer-implemented method as recited in claim 1 further including: generating a new model, the new model being arranged to replace the preexisting model, wherein the new model is generated using the transaction data and the preexisting model, wherein the transaction data includes current transaction data pertaining to a current transaction for the credit account.

Claim 9

A computer-implemented method as recited in claim 1 wherein said transaction data includes current transaction data and historical transaction data.

Claim 10

A computer-implemented method as recited in claim 2 wherein at least one of the first transaction data and the second transaction data includes current transaction data.

Claim 11

A computer-implemented method as recited in claim 1 wherein the transaction data includes scoreable transactions, the scoreable transactions including account/account holder-level data pertaining to an account holder of the credit account, the credit account being one of a plurality of credit accounts issued to the account holder.

Claim 12

A computer-implemented method as recited in claim 10 wherein the account/account holder-level data includes public records data.

Claim 13

A computer-implemented method as recited in claim 10 wherein the account/account holder-level data includes data other than data pertaining to an exchange of credit for one of goods, services, and cash.

Claim 14

A computer-implemented method as recited in claim 1 wherein the transaction data is scored in between billing cycles for the account issuer.

Claim 15

A computer-implemented method as recited in claim 1 wherein the transaction data includes financial transaction data obtained in between billing cycles for a account holder of the credit account.

Claim 16

A computer-implemented method for predicting financial risk, the computer-implemented method comprising: receiving first transaction data pertaining to a first transaction performed on a first credit account, said first credit account representing a credit account issued to a given account holder by a first account issuer; receiving second transaction data pertaining to a second transaction performed on a second credit account, said second credit account being different from said first credit account, said second credit account representing a credit account issued to said given account holder by a second account issuer, said second account issuer being different from said first account issuer; scoring said first transaction data and said second transaction data, based on a preexisting model to form a combined score for said given account holder; determining when the combined score is below a predefined financial risk threshold; and transmitting said combined score to at least one of said first account issuer and said second account issuer when it is determined that said combined score is below the predefined financial risk threshold.

Claim 17

A computer-implemented method for predicting financial risk, the computer-implemented method comprising: receiving first transaction data pertaining to a first transaction performed on a first credit account, said first credit account representing a credit account issued to a given account holder by a first account issuer; receiving second transaction data pertaining to a second transaction performed on a second credit account, said second credit account being different from said first credit account, said second credit account representing a credit account issued to said given account holder by a second account issuer, said second account issuer being different from said first account issuer; scoring said first transaction data and said second transaction data, based on a preexisting model to form a combined score for said given account holder; determining when the combined score is below a predefined financial risk threshold; and transmitting said combined score to at least one of said first account issuer and said second account issuer when it is determined that said combined score is below the predefined financial risk threshold.

Claim 18

The computer-implemented method of claim 15 wherein a social security number of said given account holder is employed as a key to identify said first credit account and said second credit account as being issued to said given account holder.

Claim 19

The computer implemented method of claim 15 further comprising: determining when said combined score reflects a high level of financial risk; transmitting said combined score to a third account issuer, said third account issuer bring different from both said first account issuer and said second account issuer when said combined score reflects the high level of financial risk, said third account issuer representing an issuer of credit to said given account holder.

Claim 20

A financial risk prediction system, the financial risk prediction system comprising: a receiving mechanism, the receiving mechanism being arranged to receive scoreable transaction data from a first data source, the scoreable transaction data being associated with a first credit account issued to a given account holder by an account issuer, wherein the scoreable transaction data includes current transaction data; an authenticator, the authenticator being in communication with the receiving mechanism, the authenticator being arranged to authenticate scoreable transaction data received by the receiving mechanism, wherein the scoreable transaction data includes transaction data for the first credit account and transaction data for a second account; a scoring mechanism, the scoring mechanism being arranged to generate a score associated with the given account holder, the score being arranged to indicate a financial risk level of the given account holder, wherein the scoring mechanism is arranged to generate the score using the scoreable transaction data in conjunction with a predictive model; an evaluator, the evaluator being arranged to compare the score against a predefined financial risk threshold; a transmitter, the transmitter being arranged to transmit the score to the account issuer; and a transaction authorizing mechanism, the transaction authorizing mechanism being in communication with the receiving mechanism and being arranged to authorize a first current transaction included in the current transaction data by determining that the score does not exceed the predefined financial risk threshold.

Claim 21

A financial risk prediction system, the financial risk prediction system comprising: a receiving mechanism, the receiving mechanism being arranged to receive scoreable transaction data from a first data source, the scoreable transaction data being associated with a first credit account issued to a given account holder by an account issuer, wherein the scoreable transaction data includes current transaction data; an authenticator, the authenticator being in communication with the receiving mechanism, the authenticator being arranged to authenticate scoreable transaction data received by the receiving mechanism, wherein the scoreable transaction data includes transaction data for the first credit account and transaction data for a second account; a scoring mechanism, the scoring mechanism being arranged to generate a score associated with the given account holder, the score being arranged to indicate a financial risk level of the given account holder, wherein the scoring mechanism is arranged to generate the score using the scoreable transaction data in conjunction with a predictive model; an evaluator, the evaluator being arranged to compare the score against a predefined financial risk threshold; a transmitter, the transmitter being arranged to transmit the score to the account issuer; and a transaction authorizing mechanism, the transaction authorizing mechanism being in communication with the receiving mechanism and being arranged to authorize a first current transaction included in the current transaction data by determining that the score does not exceed the predefined financial risk threshold.

Claim 22

A computer program product for predicting financial risk, the computer program product comprising: computer code for receiving first transaction data pertaining to a first transaction performed on a first credit account, the first credit account representing a credit account issued to a given account holder by a first account issuer; computer code for receiving second transaction data pertaining to a second transaction performed on a second credit account, the second credit account being different from the first credit account, the second credit account representing a credit account issued to the given account holder by a second account issuer, the second account issuer being different from said first account issuer; computer code for scoring the first transaction data and the second transaction data based on a preexisting predictive model to form a combined score for the given account holder, the computer code for scoring including computer code for obtaining a first transaction pattern from the first transaction data and computer code for obtaining a second transaction pattern from the second transaction data; computer code for determining when the combined score is below a predefined financial risk threshold; computer code for transmitting the combined score to at least one of the first account issuer and the second account issuer when it is determined that the combined score is below the predefined financial risk threshold; and a computer readable medium that stores the computer codes, wherein the computer codes stored on the computer-readable medium are arranged to be accessed and processed by a computing system.

Claim 23

A computer program product for predicting financial risk, the computer program product comprising: computer code for receiving first transaction data pertaining to a first transaction performed on a first credit account, the first credit account representing a credit account issued to a given account holder by a first account issuer; computer code for receiving second transaction data pertaining to a second transaction performed on a second credit account, the second credit account being different from the first credit account, the second credit account representing a credit account issued to the given account holder by a second account issuer, the second account issuer being different from said first account issuer; computer code for scoring the first transaction data and the second transaction data based on a preexisting predictive model to form a combined score for the given account holder, the computer code for scoring including computer code for obtaining a first transaction pattern from the first transaction data and computer code for obtaining a second transaction pattern from the second transaction data; computer code for determining when the combined score is below a predefined financial risk threshold; computer code for transmitting the combined score to at least one of the first account issuer and the second account issuer when it is determined that the combined score is below the predefined financial risk threshold; and a computer readable medium that stores the computer codes, wherein the computer codes stored on the computer-readable medium are arranged to be accessed and processed by a computing system.

Claim 24

A computer-implemented method for predicting financial risk, the computer-implemented method comprising: receiving transaction data pertaining to a plurality of transactions for a credit account, the transaction data including at least one of a transaction type and a transaction amount for each transaction of the plurality of transactions; determining when the transaction data is valid; scoring the transaction data when it is determined that the transaction data is valid, wherein scoring the transaction data includes scoring a transaction pattern asc ertained from the transaction data based on a preexisting model to form a score for the credit account, the transaction pattern being indicative of a pattern associated with the plurality of transactions for the credit account, the transaction pattern being arranged to include events that impact the financial risk; determining when the score is below a predefined financial risk; and transmitting the score to an account issuer of the credit account when it is determined that said score is below the predefined financial risk.

Claim 25

A computer-implemented method for predicting financial risk, the computer-implemented method comprising: receiving transaction data pertaining to a plurality of transactions for a credit account, the transaction data including at least one of a transaction type and a transaction amount for each transaction of the plurality of transactions; determining when the transaction data is valid; scoring the transaction data when it is determined that the transaction data is valid, wherein scoring the transaction data includes scoring a transaction pattern asc ertained from the transaction data based on a preexisting model to form a score for the credit account, the transaction pattern being indicative of a pattern associated with the plurality of transactions for the credit account, the transaction pattern being arranged to include events that impact the financial risk; determining when the score is below a predefined financial risk; and transmitting the score to an account issuer of the credit account when it is determined that said score is below the predefined financial risk.

Claim 26

A computer program product for predicting financial risk, the computer program product comprising: computer code for receiving transaction data pertaining to a plurality of transactions for a credit account, the transaction data including at least one of a transaction type and a transaction amount for each transaction of the plurality of transactions; computer code for scoring the transaction data, wherein the computer code for scoring the transaction data includes computer code for scoring a transaction pattern ascertained from the transaction data based on a preexisting predictive model to form a score for the credit account, the transaction pattern being indicative of a pattern associated with the plurality of transactions for the credit account; computer code for determining when the score is below a predefined financial risk; computer code for transmitting the score to an account issuer of the credit account when it is determined that the score is below the predefined financial risk; and a computer-readable medium that stores the computer codes, wherein the computer codes stored on the computer-readable medium are arranged to be accessed and processed by a computing system.

Claim 27

A computer program product for predicting financial risk, the computer program product comprising: computer code for receiving transaction data pertaining to a plurality of transactions for a credit account, the transaction data including at least one of a transaction type and a transaction amount for each transaction of the plurality of transactions; computer code for scoring the transaction data, wherein the computer code for scoring the transaction data includes computer code for scoring a transaction pattern ascertained from the transaction data based on a preexisting predictive model to form a score for the credit account, the transaction pattern being indicative of a pattern associated with the plurality of transactions for the credit account; computer code for determining when the score is below a predefined financial risk; computer code for transmitting the score to an account issuer of the credit account when it is determined that the score is below the predefined financial risk; and a computer-readable medium that stores the computer codes, wherein the computer codes stored on the computer-readable medium are arranged to be accessed and processed by a computing system.

Claim 28

A computer program product as recited in claim 21 wherein the transaction data is current transaction data.

Claim 29

A computer program product as recited in claim 22 further including: computer code for generating the preexisting predictive model, wherein the preexisting predictive model is generated using non-current transaction data.

Claim 30

A computer-implemented method for assessing financial risk, the computer-implemented method comprising: receiving current event data pertaining to a plurality of events for a first credit account issued to an account holder, the current event data including at least one of a transaction type and a transaction amount for each event of the plurality of events for the first credit account; processing the current event data to generate a score associated with the account holder, wherein processing the current event data includes scoring an event pattern ascertained from the current event data based on a preexisting predictive model, the preexisting predictive model being generated using historical event data, the historical event data including data associated with the first credit account and data associated with at least a second credit account; determining when the score is below a predefined financial risk threshold; and transmitting the score to a first account issuer of the first credit account when it is determined that the score is below the predefined financial risk threshold.

Claim 31

A computer-implemented method for assessing financial risk, the computer-implemented method comprising: receiving current event data pertaining to a plurality of events for a first credit account issued to an account holder, the current event data including at least one of a transaction type and a transaction amount for each event of the plurality of events for the first credit account; processing the current event data to generate a score associated with the account holder, wherein processing the current event data includes scoring an event pattern ascertained from the current event data based on a preexisting predictive model, the preexisting predictive model being generated using historical event data, the historical event data including data associated with the first credit account and data associated with at least a second credit account; determining when the score is below a predefined financial risk threshold; and transmitting the score to a first account issuer of the first credit account when it is determined that the score is below the predefined financial risk threshold.

Claim 32

A computer-implemented method as recited in claim 24 further including receiving additional event data corresponding to a plurality of events for a second credit account issued to the account holder, the second credit account being issued by a second account issuer, wherein processing the current event data to generate the score associated with the account holder includes processing the additional event data.

Claim 33

A financial risk prediction system, the financial risk prediction system comprising: a receiving mechanism, the receiving mechanism being arranged to receive scoreable transaction data from a first data source, the scoreable transaction data being associated with a first credit account issued to a given account holder by an account issuer; an authenticator, the authenticator being in communication with the receiving mechanism, the authenticator being arranged to authenticate scoreable transaction data received by the receiving mechanism, wherein the scoreable transaction data includes transaction data from the first credit account and transaction data from a second credit account issued to the given account holder; a scoring mechanism, the scoring mechanism being arranged to generate a score associated with the given account holder, the score being arranged to indicate a financial risk level of the given account holder, wherein the scoring mechanism is arranged to generate the score using the scoreable transaction data in conjunction with a predictive model; an evaluator, the evaluator being arranged to compare the score against a predefined financial risk threshold; and a transmitter, the transmitter being arranged to transmit the score to the account issuer.

Claim 34

A financial risk prediction system, the financial risk prediction system comprising: a receiving mechanism, the receiving mechanism being arranged to receive scoreable transaction data from a first data source, the scoreable transaction data being associated with a first credit account issued to a given account holder by an account issuer; an authenticator, the authenticator being in communication with the receiving mechanism, the authenticator being arranged to authenticate scoreable transaction data received by the receiving mechanism, wherein the scoreable transaction data includes transaction data from the first credit account and transaction data from a second credit account issued to the given account holder; a scoring mechanism, the scoring mechanism being arranged to generate a score associated with the given account holder, the score being arranged to indicate a financial risk level of the given account holder, wherein the scoring mechanism is arranged to generate the score using the scoreable transaction data in conjunction with a predictive model; an evaluator, the evaluator being arranged to compare the score against a predefined financial risk threshold; and a transmitter, the transmitter being arranged to transmit the score to the account issuer.

Claim 35

A financial risk prediction system according to claim 26 further including a modeler, the modeler being arranged to generate the predictive model.

Claim 36

A financial risk prediction system according to claim 27 wherein the modeler is further arranged to update the predictive model using the scoreable transaction data received by the receiving mechanism.

Claim 37

A financial risk prediction system according to claim 26 further inluding a data storage mechanism, the data storage mechanism being arranged to store the scoreable transaction data received by the receiving mechanism.

Claim 38

A financial risk prediction system according to claim 26 wherein the scoreable transaction data includes current transaction data.

Claim 39

A financial risk prediction system according to claim 26 wherein the transmitter is arranged to transmit the score when the score is below the predefined financial risk threshold.

Claim 40

A financial risk prediction system according to claim 26 further including a management module, the management module being in communication with the scoring mechanism, the management module being arranged to determine the predefined financial risk threshold.

Claim 41

A financial risk prediction system according to claim 26 wherein the receiving mechanism is farther arranged to receive additional data associated with the given account holder from a second data source.

Claim 42

A financial risk prediction system according to claim 26 wherein the scoring mechanism includes a pattern generator, the pattern generator being arranged to obtain a transaction pattern from the scoreable transaction data, the transaction pattern being used to generate the score.