Social evaluation of creditworthiness system and method
AssigneeInternational Business Machines Corporation
InventorsKAMAL BHATTACHARYA, Abdigani DIRIYE, ANDREAS KIND, TIMOTHY KOTIN, ERIC MIBUARI
Life of this patent
Estimating the term…
Abstract
A system and method are provided for implementing a credit-worthiness recommendation system based on social capital. Recommenders are nominated by a user of the system, and the recommenders are queried to provide quantified creditworthiness information about the user.
Claims25
A method comprising:
- receiving, by a server on a network, a user loan request, wherein the loan request specifies a recommender on the network;
- receiving, by the server via the network, creditworthiness information for the user from the recommender;
- determining a creditworthiness rating for the user based on the obtained creditworthiness information;
- comparing the creditworthiness rating to a threshold;
- and
- initiating an automatic loan process using the creditworthiness rating to determine at least in part a loan factor when the creditworthiness rating meets or exceeds the threshold.
A system comprising a server, the server comprising a processor and a memory coupled to the processor, the memory configured to store program instructions executable by the processor to cause the computer system to:
- receive a loan request from a user, wherein the loan request specifies a recommender on a network;
- receive creditworthiness information for the user from the recommender;
- determine the users creditworthiness based on the obtained creditworthiness information;
- compare the creditworthiness rating to a threshold;
- and
- initiate an automatic loan process using the user's creditworthiness rating to determine a loan factor when the creditworthiness rating meets or exceeds the threshold.
A method comprising:
- receiving, by a server on a network, a loan request from a user, wherein the loan request specifies a plurality of recommenders on the network;
- receiving, by the server via the network, creditworthiness information for the user from each of the plurality of recommenders;
- aggregating the obtained creditworthiness information to obtain a creditworthiness rating, and comparing the creditworthiness rating to a threshold;
- and
- transferring, when the creditworthiness rating meets or exceeds the threshold, an amount of credit to an account associated with the user and associating a loan term to the transferred credit, the loan term being determined in part by the creditworthiness rating.
A user interface comprising machine-readable instructions such that the user interface is configured to:
- prompt a user and receive a loan request from the user;
- prompt the user and receive a plurality of recommenders from the user, each recommender identified by a unique ID;
- transmit the loan request including the plurality of recommender IDs to a server via a network;
- receive a loan decision from the server, the loan decision based on the loan request, the user identity and history where available, and creditworthiness information provided to the server by at least one of the plurality of recommenders;
- and
- display the loan decision.
Dependencies are inferred from the claim text.