Capital One Financial had 403 patents in digitalization during Q2 2024. Capital One Financial Corp filed patents in Q2 2024 related to enhancing security in decentralized computing systems, creating a payment instrument with reactive layers for authentication, automatically detecting and authorizing recurring transactions, efficient entity resolution using geo-grids, and managing fraud rules based on location data from client devices for 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 digitalization as a theme in Q2 2024.
Recent Patents
Application: User authentication in decentralized computing system environment (Patent ID: US20240211564A1)
The patent filed by Capital One Financial Corp. describes a computing system that authenticates users before allowing blockchain functions, using biometric information, smart contracts, and network usage costs to prevent brute force attacks. The system increases network usage costs as authentication attempts fail, making it cost-prohibitive for malicious actors to conduct attacks. Additionally, the system employs biometric information for enhanced security during authentication processes.
The patent includes claims for a computing node in a distributed system that authenticates users using biometric information, smart contracts, and network usage costs. It outlines operations such as obtaining user information, generating authentication input requests, analyzing handwriting samples, and increasing network usage costs based on failed authentication attempts. The method also involves location-based authentication, anomaly detection models, and secret reproduction for user verification. Overall, the patent focuses on enhancing security measures in decentralized computing systems to deter malicious activities and ensure robust user authentication processes.
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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.
