Capital One Financial had 46 patents in regtech during Q1 2024. Capital One Financial Corp has filed patents for a system to provide temporary credit line increases based on expected refunds, a method to detect unauthorized transactions through confirmation messages, a device to screen and respond to incoming calls requesting funds transfer, a system for monitoring account status and predicting credit effects, and a system to predict item level data based on merchant advertisement information 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 grant share with regtech as a theme is 43% in Q1 2024. Grant share is based on the ratio of number of grants to total number of patents.
Recent Patents
Application: System and method for advanced credit line increase (Patent ID: US20240104646A1)
The patent filed by Capital One Financial Corp. describes a system and method for providing a temporary credit line increase to customers awaiting refunds or replenishment of funds. The process involves receiving evidence of the expected refund, such as a shipping label or return receipt, calculating a temporary credit line increase amount based on this information and customer account data, and informing the customer of the increase and any conditions. The temporary credit line increase remains available until the specified conditions are met. The system can be initiated by the creditor or at the request of the customer, with additional shipping information obtained from associated shipping companies in some cases.
The patent claims detail a computer-implemented method for approving temporary borrowing capacity based on verifiable proof of an authorized request, user data, and trust indicators. The system involves receiving messages from users indicating pending returns, verifying returns with carrier transport information, and adjusting borrowing capacity based on package weight and product information. The system also includes a database storing user information and return history, processors for calculating borrowing capacity amounts, and a transceiver for communication with users. The method further includes notifying users of temporary borrowing capacity and termination events, such as posted refunds, and transmitting notifications via a network. Overall, the patent outlines a comprehensive system for efficiently managing temporary credit line increases based on expected refunds or returns.
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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.
