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US 2011/0238550 A1Published application
Systems and methods for predicting financial behaviors
OwnerJoshua Reich, Shamir Karkalinventors
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OwnerJoshua Reich, Shamir Karkalinventors
Estimating the term…
A system and method for predicting financial behaviors of the consumers and utilizing this predicted data to assist consumers in managing their accounts and find other consumers. The systems and methods of the present invention provides for receiving consumers transactions and clustering the transactions to compute a similarity measure and further predicting future transactions based on the similarity measure of the clustered transactions. These predictive future transactions are further computed to generate a predictive behavior model which provides predictive financial behaviors of the consumers. Some of the uses of this system and method include assisting users by warning them of impending problems, optimally routing transactions, suggesting financial products and identifying particular behavior patterns for personal goal achievement and self directed behavior modification.
A computer-implemented method for predicting future financial behaviors of a consumer, the method comprising:
The method of claim I wherein the transactional details comprise at least a transaction amount, financial institution of a transaction, original location of a transaction, original location of the consumer, and periodicity between the transactions.
A system for predicting future financial behaviors of consumers, the system comprising:
Dependencies are inferred from the claim text.