Methods and systems for preventing fraud in trade receivables financings
AssigneeIncuvent LLC
InventorJoseph Oliver
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Abstract
Methods and systems for assessing the risk of seller-based fraud in trade receivables financings are discussed. In Section 1, we present the Application, Scoring, and Approval Process and the various asset classes and transaction types. In Section 2, we present the Risk Categories of the Application. In Section 3, we present the Value Table for Applicant Scoring. In Section 4, we present Thresholding for Approving Applicants. Other embodiments, features, and aspects of the disclosed system are described in detail herein and are considered a part of the claimed disclosed system.
Claims5
A computer-implemented method used for assessing fraud risk in trade receivables financings, said method comprising:
- a computing device receiving an application, regarding an applicant, comprising risk categories, including subcategories, of an applicant's accounts receivables management, corporate profile, and financial background;
- a ranking and calculating device assigning weights to said risk categories;
- said ranking and calculating device assigning performance outputs to said risk categories based on applicant responses;
- combining the three parameters of said risk categories, said assigned weights, and said assigned performance outputs to calculate a total score for said applicant;
- and
- approving or rejecting said application for said applicant, by a processing device, based on said applicant's total score and one or more of the parameters used to calculate the applicant's total score.
Dependencies are inferred from the claim text.