US 12,243,110 B2
Single sign-on verification platform and decision matrix
Craig Schoen, North Bay (CA)
Assigned to VeriFast Inc., Belleville (CA)
Filed by VeriFast Inc., Belleville (CA)
Filed on Jul. 6, 2022, as Appl. No. 17/858,838.
Prior Publication US 2024/0013319 A1, Jan. 11, 2024
Int. Cl. G06Q 40/00 (2023.01); G06Q 10/1053 (2023.01); G06Q 40/12 (2023.01)
CPC G06Q 40/125 (2013.12) [G06Q 10/1053 (2013.01)] 20 Claims
OG exemplary drawing
 
1. A method comprising:
receiving, by a verification service and from a first user, an application;
sending, by the verification service and in response to receiving the application, a first prompt to the first user to authorize access to financial information by an open banking system;
receiving, by the verification service and from the open banking system, the financial information associated with the first user, the financial information including at least income information associated with the first user;
generating a machine learning model configured to determine income scores for users utilizing reference financial information as input;
generating a training dataset from feedback data indicating accuracy of the machine learning model when determining the income scores;
training the machine learning model utilizing the training dataset such that a trained machine learning model configured to determine the income scores is generated, the trained machine learning model utilizing at least some different features from the machine learning model to improve determination of the income scores;
determining, by the verification service and utilizing the trained machine learning model, an income score associated with the first user based at least in part on the financial information, wherein the income score represents an aggregation of a first income factor having a first income score weighting, a second income factor that is different from the first income factor having a second income score weighting, and a third income factor that is different from the first income factor and the second income factor having a third income score weighting;
determining, by the verification service, a threshold income score;
determining, by the verification service, that the income score satisfies the threshold income score; and
sending, by the verification service and to a second user, a first recommendation to approve the application based at least in part on determining that the income score is equal to or greater than the threshold income score.