System and method for financial risk assessment
AssigneeActimize Ltd.
InventorsWesley Kenneth Wilhelm, Chen Ari Kirsch
Life of this patent
Estimating the term…
Abstract
A computer-implemented method and system for financial risk assessment are provided. The method includes receiving financial data related to an international monetary transaction from a transferring country to a receiving country; determining a universal currency for the receiving country based on at least one purchasing power parity (PPP) value related to the receiving country; and assessing the financial risk of the international monetary transaction based on the universal currency and the financial data.
Claims15
A computer-implemented method for financial risk assessment comprising:
- receiving financial data related to an international monetary transaction from a transferring country to a receiving country;
- determining a universal currency for the receiving country based on at least one purchasing power parity (PPP) value related to the receiving country;
- and
- assessing the financial risk of the international monetary transaction based on the universal currency and the financial data.
A system for assessing a financial risk comprising:
- a processor configured to:
- receive financial data related to an international monetary transaction from a transferring country to a receiving country;
- determine a universal currency for the receiving country based on at least one purchasing power parity (PPP) value related to the receiving country;
- and
- assess the financial risk of the international monetary transaction based on the universal currency and the financial data;
- and
- a memory configured to store instructions associated with assessment of the financial risk of the international monetary transactions.
An article comprising a non-transitory computer-readable storage medium, having instructions stored thereon that when executed by a processor, cause the processor to:
- receive financial data related to an international monetary transaction from a transferring country to a receiving country;
- determine a universal currency for the receiving country based on at least one purchasing power parity (PPP) value related to the receiving country;
- and
- assess the financial risk of the international monetary transaction based on the universal currency and the financial data.
Dependencies are inferred from the claim text.