System and method for detecting relevant potential participating entities

A non-transitory computer readable medium having stored thereon programmed instructions for causing processing circuitry to execute a process to:

• retrieve transaction data related to each of a plurality of potential participating entities;
• resolve each of the plurality of potential participating entities between a dataset including the transaction data and a dataset indicating the plurality of potential participating entities by applying resolution rules requiring at least matching a plurality of features between respective instances of the potential participating entity in the transaction data and in the dataset indicating the plurality of potential participating entities;
• wherein each potential participating entity is resolved such that different instances of the potential participating entity are determined as uniquely identifying the same potential participating entity;
• wherein the plurality of features between respective instances of the potential participating entity in the transaction data and in the dataset indicating the plurality of potential participating entities are determined to match when minimum requirements comprising minor error rules configured to identify a match between correlated parts of datasets with data entry differences are satisfied;
• joining the dataset including the transaction data and the dataset indicating the plurality of potential participating entities based on the resolved potential participating entities to create a unified dataset mapping different instances of each potential participating entity as representing the same entity;
• determine a plurality of relevance scores based on the retrieved transaction data and entity characteristics of a subject entity, wherein each relevance score represents a relevance of the subject entity with respect to a respective potential participating entity of the plurality of potential participating entities;
• and
• identify, based on the plurality of relevance scores, at least one relevant potential participating entity with respect to the subject entity.

A system for detecting a relevant potential participating entities, comprising:

• processing circuitry;
• and
• memory comprising programmed instructions that, when executed by the processing circuitry, configure the system to:
• retrieve transaction data related to each of a plurality of potential participating entities;
• resolve each of the plurality of potential participating entities between a dataset including the transaction data and a dataset indicating the plurality of potential participating entities by applying resolution rules requiring at least matching a plurality of features between respective instances of the potential participating entity in the transaction data and in the dataset indicating the plurality of potential participating entities;
• wherein each potential participating entity is resolved such that different instances of the potential participating entity are determined as uniquely identifying the same potential participating entity;
• wherein the plurality of features between respective instances of the potential participating entity in the transaction data and in the dataset indicating the plurality of potential participating entities are determined to match when minimum requirements comprising minor error rules configured to identify a match between correlated parts of datasets with data entry differences are satisfied;
• join the dataset including the transaction data and the dataset indicating the plurality of potential participating entities based on the resolved potential participating entities to create a unified dataset mapping different instances of each potential participating entity as representing the same entity;
• determine a plurality of relevance scores based on the retrieved transaction data and entity characteristics of a subject entity, wherein each relevance score represents a relevance of the subject entity with respect to a respective potential participating entity of the plurality of potential participating entities;
• and
• identify, based on the plurality of relevance scores, at least one relevant potential participating entity with respect to the subject entity.