Citizens Financial Group’s patent describes a system that links electronic data accounts, predicts user behavior using machine learning, and generates interactive GUI notifications on user devices. The system monitors transactional data, identifies problems, and suggests solutions in real-time. GlobalData’s report on Citizens Financial Group gives a 360-degree view of the company including its patenting strategy. Buy the report here.
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According to GlobalData’s company profile on Citizens Financial Group, Virtual banking assistant was a key innovation area identified from patents. Citizens Financial Group's grant share as of April 2024 was 89%. Grant share is based on the ratio of number of grants to total number of patents.
Predictive financial management system with interactive gui
A recently granted patent (Publication Number: US11948190B2) describes a system that includes one or more information source systems, a user device, one or more electronic data accounts associated with the user, and a server with an interactive graphical user interface (GUI). The server is designed to link electronic data accounts, monitor transactional data for changes in user spending activity, generate a user-specific prediction model based on historical user activity and behavior patterns, predict user behavioral activity, analyze activity patterns, generate notification instructions for the user, unlock system features, and update the interactive GUI in real-time to reflect changes in user data.
The system also includes features such as generating a data profile, creating virtual wallets, virtual cards, and virtual accounts, training the prediction model, bundling transactions, creating virtual lines of credit, unifying, parsing, and aggregating data, and packaging customized data for the user. The server communicates with various information source systems like point-of-sale systems, financial institutions, and other user devices. The interactive GUI presents notification instructions, user profiles, and dynamically updates based on real-time changes. The system aims to provide personalized insights, suggestions, alerts, and recommendations to users based on their financial activity, historical data, and behavior patterns, ultimately helping users avoid potential problems and deficiencies in their accounts.
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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.
