Biometric risk management
AssigneeGoldman, Sachs & Co.
InventorsDavid Lawrence, Carl Young
Life of this patent
Estimating the term…
Abstract
The present invention provides methods and systems for managing Risk by associating a biometric profile with other data relevant to a Risk subject. Computerized systems can receive informational data that relates generally to Risk variables and relate the information to known biometric profiles. Compiled information can be situated and conveyed to a compliance department and be able to demonstrate to regulators that a financial institution has met standards relating to Risk containment.
Claims22
A processor-implemented method for managing risk related to a financial transaction, the method comprising:
- receiving, by a processor, a biometric search input including biometric profile data and financial transaction risk related variables used to identify a biometric profile;
- processing the biometric search input to extract the biometric profile data and the financial transaction risk related variables;
- determining a correlation factor for each of one or more biometric profiles, where each correlation factor indicates a mathematical likelihood of a relationship between the biometric profile and the extracted biometric profile data and the financial transaction risk related variables;
- selecting one or more biometric profiles that have a correlation factor above a minimum threshold;
- processing the selected biometric profiles and the financial transaction risk related variables to generate a risk quotient for each selected biometric profile;
- and
- generating a relevance ranked report of the selected biometric profiles.
A system for managing risk related to a financial transaction, comprising:
- a memory;
- a processor disposed in communication with said memory, and configured to execute a plurality of executable instructions stored in the memory, wherein the executable instructions direct the processor to:
- receive a biometric search input including biometric profile data and financial transaction risk related variables used to identify a biometric profile;
- process the biometric search input to extract the biometric profile data and the financial transaction risk related variables;
- determine a correlation factor for each of one or more biometric profiles, where each correlation factor indicates a mathematical likelihood of a relationship between the biometric profile and the extracted biometric profile data and the financial transaction risk related variables;
- select one or more biometric profiles that have a correlation factor above a minimum threshold;
- process the selected biometric profiles and the financial transaction risk related variables to generate a risk quotient for each selected biometric profile;
- and
- generate a prioritized report of the selected biometric profiles.
A financial transaction risk managing processor-readable medium storing a plurality of processing instructions, comprising issuable instructions by a processor to:
- receive a biometric search input including biometric profile data and financial transaction risk related variables used to identify a biometric profile;
- process the biometric search input to extract the biometric profile data and the financial transaction risk related variables;
- determine a biometric correlation threshold;
- determine a correlation factor for each of one or more biometric profiles, where each correlation factor indicates a mathematical likelihood of a relationship between the biometric profile and the extracted biometric profile data and the financial transaction risk related variables;
- select one or more biometric profiles that have a correlation factor above the biometric correlation threshold;
- process the selected biometric profiles and the financial transaction risk related variables to generate a risk quotient for each selected biometric profile;
- and
- generate a prioritized report of the selected biometric profiles.
Dependencies are inferred from the claim text.