A system and method for artificial intelligence-based digital credit module and personalized assistance

A method for artificial intelligence-based digital credit module management and personalized assistance, the method comprising:

• a method of member sign up, the method having
• a member communicates personal information to an at least one main server computer(102) by using a member-computing device(110),
• a system processing unit(106) of the at least one main server computer(102) stores the personal information into an at least one universal database(118), further, the system processing unit generates a unique ID after the user is approved and sends the unique ID to member the member-computing device(110) to setup password and security question,
• further, all password and security questions are displayed on a display unit(112) of the member-computing device(110) and stored in the at least one universal database(118);
• a method of member digital credit module registration, the method having
• the member communicates password and OTP to the at least one main server computer(102) by using the member-computing device(110),
• the system processing unit(106) allows the member to login into the at least one main server computer(102),
• the system processing unit(106) executes server computer-readable instructions to calculate the credit risk of the member display credit risk on the display unit(112),
• the system processing unit(106) executes server computer-readable instructions to display documents to be uploaded on the at least one universal database(118) based on credit risk,
• the system processing unit(106) executes server computer-readable instructions to store, personal identification details in an encrypted form and all the documents, into the at least one universal database(118),
• the system processing unit(106) executes server computer-readable instructions and verifies the Member Income, spending behavior, transactions, debts, repayment history, credit risk profile,
• in case of missing information, a message is displayed on the display unit(112),
• in case, documents verification is successful, using the prebuilt logic, the system processing unit(106) calculates the member credit limit and stores in the at least one universal database(118),
• the system processing unit(106) generates the membership ID if the credit limit is greater than zero,
• with the help of the member-computing device(110), the member selects the Repayment cycle and the same is stored in the at least one universal database(118),
• the member updates family member details and the member-computing device(110) details, the same is stored in the at least one universal database(118),
• the system processing unit(106) generates an Email/SMS with the link to download the artificial intelligence-based digital credit module on the member-computing device(110), and
• thus, a member now uses the artificial intelligence-based digital credit module to purchase goods and services;
• a method of creating an artificial intelligence-based personal assistance model, the method having
• the system processing unit(106) retrieves all type of information about the member from the at least one universal database(118), the member-computing device(110) through the extract, transform and load method,
• the system processing unit(106) stores all type of retrieved information into the at least one analytic database(108),
• the system processing unit(106) stores the referential dataset into the warehouse database (114),
• the system processing unit(106) stores unstructured data from the member-computing device(110) into an unstructured database(116),
• the system processing unit(106) takes all the data from the at least one analytic database(108), the warehouse database (114), and unstructured database(116),
• further, the system processing unit(106) executes server computer-readable instructions to synthesize data, find data with missing values and apply imputation on data with missing values,
• the system processing unit(106) executes server computer-readable instructions to identify outlier data and removed same,
• the system processing unit(106) executes server computer-readable instructions to categorized data on the different category,
• the system processing unit(106) executes server computer-readable instructions to apply encoding to categorical data
• the system processing unit(106) executes server computer-readable instructions to scale data using normalization and standardization.
• the system processing unit(106) further feed data into the artificial intelligence-based personal assistance model and train the artificial intelligence-based personal assistance model;
• wherein, the artificial intelligence-based personal assistance model is being used by the system processing unit(106) to automatically sends timely alerts, notification, digital credit module information, and also provides personal assistance to member based on learning from members purchasing behavior and other activities;
• a method of purchasing essentials using the digital credit module and the artificial intelligence-based personal assistance model, the method having
• based on purchasing pattern and consumption rate the artificial intelligence-based personal assistance models populate a list of items on the display unit(112) of the member-computing device(110),
• member review the list and edits the list in case required and further confirms the items to be purchased, then the artificial intelligence-based personal assistance model checks credit limit of the digital credit module, in case, the credit is available then the artificial intelligence-based personal assistance model directs to place an order, and also stores the purchase data in the at least one universal database(118),
• the artificial intelligence-based personal assistance model creates transaction ID and sends transaction ID to a payment gateway server(120) and also stores the creates transaction ID in the at least one universal database(118),
• payment gateway server(120) generates an order ID and sends the order ID to the merchant on an at least one merchant computing device(122),
• the merchant generates an invoice on the at least one merchant computing device(122) and sends to the system processing unit(106) that further sent to the member-computing device(110),
• the member check the invoice and confirms, then artificial intelligence-based personal assistance models initiate payment through the digital credit module,
• the payment gateway server(120) received payment request and the payment gateway server(120) sends payment to the merchant account,
• on receiving payment merchant delivers the order and the artificial intelligence-based personal assistance models update the credit limit in the at least one universal database(118),
• in case the payment is not received by the merchant then the artificial intelligence-based personal assistance models update the credit limit in the at least one universal database(118) and merchant do not deliver order,
• in another case, an order is canceled and the payment gateway server(120) make a refund then the artificial intelligence-based personal assistance models update the credit limit in the at least one universal database(118);
• a method for on-spot purchasing assistant using the artificial intelligence-based personal assistance model and the digital credit module, the method having
• the artificial intelligence-based personal assistance model sends a notification to a member on the member-computing device(110), based on member preferences and geo-location,
• then member enters store based on offers notification received on the member-computing device(110),
• members select item and go to counter for billing and payment,
• the merchant generates the invoice and sends the invoice to the member-computing device(110) through the payment gateway server(120),
• member confirm the invoice, the artificial intelligence-based personal assistance model checks the credit limit of the digital credit module,
• in case, the credit is available then the artificial intelligence-based personal assistance models to proceed for payment,
• the member initiates payment through the digital credit module,
• the payment gateway server(120) received payment request and the payment gateway server(120) sends payment to the merchant account,
• on receiving payment merchant delivers the order, and
• once payment is received by the merchant then the artificial intelligence-based personal assistance models update the credit limit in the at least one universal database(118);
• the artificial intelligence-based personal assistance model is being used by the system processing unit(106) to executes different task for a member, the task having:
• the artificial intelligence-based personal assistance model reminds member for payment of credit bill and Prompt member for repayment before/by the due date;
• the artificial intelligence-based personal assistance model reminds member of rent payment, loan EMI installment before/by the due date,
• the artificial intelligence-based personal assistance model proposes healthy alternatives based on food consumption habits of the member and health data while placing grocery or food orders,
• the artificial intelligence-based personal assistance model reminds member of vehicle insurance renewal and vehicle routine servicing,
• the artificial intelligence-based personal assistance model also gather data related to the member's hobbies and interest, and notify the member about any sports game/event related to members hobbies and interest and even book tickets for the same once user confirms,
• the artificial intelligence-based personal assistance model also note special event in member life on the calendar and notify a user of the same and further make purchases and booking accordingly,
• based on monthly daily consumption, the artificial intelligence-based personal assistance model notify the member with a list of grocery items that need to be purchase before the due date, and when once the member confirms the list of grocery items then the artificial intelligence-based personal assistance model automatically place an order for grocery items and make payments from digital credit module,
• the artificial intelligence-based personal assistance model propose booking of Ticket based on travel plan calendar,
• the artificial intelligence-based personal assistance model also arranging a cab based on a calendar event by looking at the time of the meeting, travel distance, and traffic condition.
• wherein, the artificial intelligence-based personal assistance model sends a notification to the member, when the member is in a shopping mall and arcade, and when the member is in a particular store.