Systems and methods for deposit predictions based upon Monte Carlo analysis
AssigneeFiserv, Inc.
InventorsSteven Wolfson, Igor Ofenbakh
Life of this patent
Estimating the term…
Abstract
Systems and methods may be provided for deposit prediction based upon an example Monte Carlo analysis. The system and methods may include receiving deposit information associated with a plurality of deposits for a deposit account of a financial institution customer, where the deposit information includes a plurality of deposit amounts, and a respective date associated with each of the plurality of deposit amounts; applying a Monte Carlo analysis to at least a portion of the received deposit information; and identifying, based upon the applied Monte Carlo analysis, a largest total monetary amount that can be expected to be deposited within a time interval according to a predetermined confidence level.
Claims33
A method, comprising:
- receiving, by a financial system comprising one or more computers, deposit information associated with a plurality of deposits for a deposit account of a financial institution customer, wherein the deposit information includes a plurality of deposit amounts, and a respective date corresponding to each of the plurality of deposits;
- applying, by the financial system, a Monte Carlo analysis to at least a portion of the received deposit information;
- identifying, by the financial system and based upon the applied Monte Carlo analysis, a largest total monetary amount that is expected to be deposited within a time interval according to a predetermined confidence level;
- and,
- transmitting, by the financial system, the identified largest total monetary amount to a financial module configured to provide or offer one or more financial services to the financial institution customer based at least in part on the identified largest total monetary amount.
A system, comprising:
- one or more memories that store computer-executable instructions;
- and
- a one or more processors configured to access the one or more memories, wherein at least one of the one or more processors is further configured to execute the computer-executable instructions that:
- receive deposit information associated with a plurality of deposits for a deposit account of a financial institution customer, wherein the deposit information includes a plurality of deposit amounts, and a respective date corresponding to each of the plurality of deposits;
- apply a Monte Carlo analysis to at least a portion of the received deposit information;
- identify, based upon the applied Monte Carlo analysis, a largest total monetary amount that is expected to be deposited within a time interval according to a predetermined confidence level;
- and
- transmit, by the at least one of the one or more processors, the identified largest total monetary amount to a financial module configured to provide or offer one or more financial services to the financial institution customer based at least in part on the identified largest total monetary amount.
At least one non-transitory computer readable medium comprising computer-executable instructions that, when executed by one or more processors associated with a financial management system, executes a method comprising:
- receiving, by a financial system comprising one or more computers, deposit information associated with a plurality of deposits for a deposit account of a financial institution customer, wherein the deposit information includes a plurality of deposit amounts, and a respective date corresponding to each of the plurality of deposits;
- applying, by the financial system, a Monte Carlo analysis to at least a portion of the received deposit information;
- identifying, by the financial system and based upon the applied Monte Carlo analysis, a largest total monetary amount that is expected to be deposited within a time interval according to a predetermined confidence level;
- and,
- transmitting, by the financial system, the identified largest total monetary amount to a financial module configured to provide or offer one or more financial services to the financial institution customer based at least in part on the identified largest total monetary amount.
Dependencies are inferred from the claim text.