Toronto-Dominion Bank had two patents in social media during Q1 2024. The patent filed by The Toronto-Dominion Bank in Q1 2024 describes a method for connecting a data record associated with a value transfer card to a social networking account, generating a personal preference profile based on social media data, obtaining product data from third-party affiliate entities, and generating product offers recommendations based on the personal preference profile. GlobalData’s report on Toronto-Dominion Bank gives a 360-degree view of the company including its patenting strategy. Buy the report here.
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Toronto-Dominion Bank grant share with social media as a theme is 50% in Q1 2024. Grant share is based on the ratio of number of grants to total number of patents.
Recent Patents
Application: Systems and methods for providing product recommendations (Patent ID: US20240086992A1)
The patent filed by The Toronto-Dominion Bank describes a processor-implemented method that involves connecting a data record associated with a value transfer card to a social networking account, generating a personal preference profile based on social media data, obtaining product data from third-party affiliate entities, and generating product recommendations based on the personal preference profile. The method aims to provide personalized product offers to users based on their social media activity and preferences.
The computing system described in the patent includes a processor and memory storing instructions for transmitting requests to obtain social media data, generating product preference profiles, obtaining product data from third-party entities, and providing product recommendations to client devices. The system utilizes social media data to create personalized product recommendations, allows for the comparison of exchangeable products, and triggers messages based on changes in product attributes or sale conditions. Overall, the system aims to enhance the shopping experience for users by leveraging social media data and personal preferences to offer tailored product recommendations and comparisons.
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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.
