Capital One Financial had 30 patents in internet of things during Q2 2024. Capital One Financial Corp has filed patents for a self-service lender portal, a method for generating virtual certification number data, a system for detecting and preventing identity theft attempts, an automated method for enabling a beacon-based service location application, and systems and methods for initiating financial transactions based on spatial gestures. These innovations aim to streamline lending processes, enhance security measures, and improve user experience in financial transactions. GlobalData’s report on Capital One Financial gives a 360-degree view of the company including its patenting strategy. Buy the report here.
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Capital One Financial had no grants in internet of things as a theme in Q2 2024.
Recent Patents
Application: Self-service lender portal (Patent ID: US20240193302A1)
The patent filed by Capital One Financial Corp. describes a self-service lender portal that offers tools for lenders to interact with a multi-lender architecture providing automated pre-qualification and eligibility evaluation for loan applicants. Lenders can upload rule sets, download operational data, generate security keys for encryption, manage access policies, and enable single sign-on through their identity management systems. The system ensures secure management of customer data by encrypting sensitive data for different entities, sending encrypted data packets to a server, generating transaction information based on decrypted data packets, and facilitating audits by entities. The method includes receiving assets from users, encrypting data streams based on network protocols, sending encryption keys and data queries to servers, decrypting operational data, and displaying decrypted information using asymmetric encryption and decryption keys.
The system and method outlined in the patent focus on secure data management for lenders interacting with a multi-lender architecture. By encrypting sensitive data, generating transaction information, and facilitating audits, the system ensures the protection and confidentiality of customer data. Additionally, the method includes features such as receiving assets from users, encrypting data streams securely, and utilizing asymmetric encryption keys for enhanced security measures. Overall, the patent highlights the importance of secure data handling in the lending industry and provides a comprehensive system for lenders to manage customer data effectively and securely within a multi-lender environment.
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GlobalData Patent Analytics tracks bibliographic data, legal events data, point in time patent ownerships, and backward and forward citations from global patenting offices. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
