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US 10,872,376 B2Granted
Systems and computer-implemented processes for occupational risk assessment
AssigneeCapital One Services, LLC
InventorsKrishnan Swamy, Nikhil Murgai
Life of this patent
Estimating the term…
Abstract
Systems and methods are disclosed for determine creditworthiness based on the stability of the customer's occupation. Occupational risk scores may be used to group stable or unstable occupations and may be used in conjunction with other indicators of creditworthiness. Risk band scores may also be used to determine creditworthiness. Other aspects of the disclosed embodiments are described herein.
Claims20
A financial account provider system for providing a creditworthiness of an online customer for display, the system comprising:
- a storage device storing instructions;
- and
- a processor configured to execute the instructions in the storage device to perform the operations of:
- receiving a login from a customer via a web page;
- receiving occupation information from the customer;
- obtaining occupation title data from the received occupation information;
- creating a set of related occupation title data based on the occupation title data, wherein the related occupation title data is associated with values of stability indicators;
- generating a plurality of consolidated customer occupations by consolidating the related occupation title data and the associated stability indicator values;
- determining risk bands for the stability indicator values, based on a distribution of the stability indicator values;
- assigning the determined risk bands to the related occupation title data based on the stability indicator values;
- generating initial occupational risk scores for related occupation title data based on the assigned risk bands;
- calculating a final occupational risk score based on a weighted average of the initial occupational risk scores;
- associating the received occupation information with a selected one of the consolidated customer occupations;
- assigning, to the customer, the final occupational risk score of the selected consolidated customer occupation;
- calculating a creditworthiness of the customer based on the assigned final occupational risk score;
- and
- providing, based on the creditworthiness of the customer, an online advertisement for display on the web page, the online advertisement offering, to the customer, at least one of a financial account or a change to an existing financial account.
14 more elements
A computer-implemented method, comprising:
- receiving a login from a customer via a web page;
- receiving occupation information from a customer;
- obtaining occupation title data from the received occupation information;
- creating a set of related occupation title data based on the occupation title data, wherein the related occupation title data is associated with values of stability indicators;
- generating a plurality of consolidated customer occupations by consolidating the related occupation title data and the associated stability indicator values;
- determining risk bands for the stability indicator values, based on a distribution of the stability indicator values;
- assigning the determined risk bands to the related occupation title data based on the stability indicator values;
- generating initial occupational risk scores for related occupation title data based on the assigned risk bands;
- calculating a final occupational risk score based on a weighted average of the initial occupational risk scores;
- associating the received occupation information with a selected one of the consolidated customer occupations;
- assigning, to the customer, the final occupational risk score of the selected consolidated customer occupation;
- calculating a creditworthiness of the customer based on the assigned final occupational risk score;
- and
- providing, based on the creditworthiness of the customer, an online advertisement for display on the web page, the online advertisement offering, to the customer, at least one of a financial account or a change to an existing financial account.
11 more elements
A non-transitory computer-readable medium storing instructions which, when executed by a processor, perform operations comprising:
- receiving a login from a customer via a web page;
- receiving occupation information from the customer;
- obtaining occupation title data from the received occupation information;
- creating a set of related occupation title data based on the occupation title data, wherein the related occupation title data is associated with values of stability indicators;
- generating a plurality of consolidated customer occupations by consolidating the related occupation title data and the associated stability indicator values;
- determining risk bands for the stability indicator values, based on a distribution of the stability indicator values;
- assigning the determined risk bands to the related occupation title data based on the stability indicator values;
- generating initial occupational risk scores for related occupation title data based on the assigned risk bands;
- calculating a final occupational risk score based on a weighted average of the initial occupational risk scores;
- associating the received occupation information with a selected one of the consolidated customer occupations;
- assigning, to the customer, the final occupational risk score of the selected consolidated customer occupation;
- calculating a creditworthiness of the customer based on the assigned final occupational risk score;
- and
- providing, based on the creditworthiness of the customer, an online advertisement for display on the web page, the online advertisement offering, to the customer, at least one of a financial account or a change to an existing financial account.
11 more elements
Dependencies are inferred from the claim text.