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US 2019/0102799 A1Published application
Methods and systems for offering financial products
AssigneeInternational Business Machines Corporation
InventorsFelix B. Kwizera, Eric Mibuari, Violette Ogega, Skyler Speakman, Isaac W. Wambugu
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Abstract
The disclosure provides systems and methods for analysis of financial data and customization of financial products. Time-dependent data is obtained for a relatively large set of users, and from the data are determined a relatively small set of trajectories that model user behaviour. New users are characterized according to the trajectories and financial products are automatically personalised to suit the new user.
Claims20
A method for processing financial information comprising:
- applying a group-based trajectory model (GBTM) algorithm to time-dependent financial data for a first financial variable for a plurality of users to determine a plurality of first financial variable trajectories;
- for a set of first financial variable time-dependent data for a new user, determining a best fitting trajectory from the plurality of first financial variable trajectories;
- transmitting a message, via a distributed network, to a recipient device selected from a user device associated with the new user and a provider device associated with a provider, the message comprising content determined at least in part by the best fitting trajectory, the message configured to alter a user interface of the recipient device to display the content, wherein the content comprises an offer for a financial product, and wherein at least one variable pertaining to the financial product is determined at least in part by the best fitting trajectory;
- and
- coordinating reconfiguration of the recipient device based on the offer for a financial product.
2 more elements
A method comprising:
- obtaining time-dependent financial data for a plurality of users between a first time and a second time;
- applying an algorithm to reduce the time-dependent financial data for a plurality of users to a plurality of representative trajectories;
- obtaining time-dependent financial data for a new user between the first time and the second time;
- comparing time-dependent financial data for the new user with the trajectories, and identifying the trajectory of best fit;
- determining a financial product for the new user at least in part based on the trajectory of best fit;
- automatically executing an electronic fund transfer into a user account associated with the new user based on the determined financial product;
- and
- altering a user interface to display the automatic transfer of funds.
5 more elements
Dependencies are inferred from the claim text.