Total structural risk model
AssigneeAmerican Express Travel Related Services Company, Inc.
InventorsTirthankar Choudhuri, Anjali Dewan, Amber Gupta, Kathleen Haggerty, Di Xu, Chao Yuan
Life of this patent
Estimating the term…
Abstract
The present invention generally relates to financial data processing, and in particular it relates to credit scoring, consumer profiling, consumer behavior analysis and modeling. More specifically, it relates to risk modeling using the inputs of credit bureau data, size of wallet data, and, optionally, internal data.
Claims22
A method for obtaining a comprehensive consumer default risk value for a consumer, wherein said consumer default risk value is derived by a risk analysis computer, said method comprising:
- making a request for said comprehensive consumer default risk value for said consumer;
- and
- receiving said comprehensive consumer default risk value for said consumer, wherein said comprehensive consumer default risk value is calculated by determining a comprehensive consumer default risk value, said determining comprises:
- obtaining consumer credit data relating to said consumer at said risk analysis computer, wherein said risk analysis computer comprises a processor, a memory, and a data store;
- modeling, by said risk analysis computer, consumer spending patterns of said consumer using said consumer credit data to obtain an estimated spend capacity of said consumer;
- and
- calculating, by said risk analysis computer, said comprehensive consumer default risk value for said consumer based upon said consumer credit data and said estimated spend capacity, wherein said comprehensive consumer default risk value represents a risk associated with said consumer defaulting on an existing debt obligation.
(canceled)
(canceled)
The method of claim 22, wherein said calculating further comprises:
- retrieving said consumer credit data from said memory;
- performing, by said processor, a calculation using said consumer credit data to calculate said comprehensive consumer default risk value;
- storing said comprehensive consumer default risk value in said memory.
Dependencies are inferred from the claim text.