US 12,131,377 B2
Heuristic credit risk assessment engine
Elizabeth A. Flowers, Bloomington, IL (US); Puneit Dua, Bloomington, IL (US); Eric Balota, Bloomington, IL (US); and Shanna L. Phillips, Bloomington, IL (US)
Assigned to State Farm Mutual Automobile Insurance Company, Bloomington, IL (US)
Filed by State Farm Mutual Automobile Insurance Company, Bloomington, IL (US)
Filed on Nov. 9, 2022, as Appl. No. 17/984,095.
Application 17/984,095 is a continuation of application No. 16/986,132, filed on Aug. 5, 2020, granted, now 11,544,783.
Application 16/986,132 is a continuation of application No. 15/495,621, filed on Apr. 24, 2017, granted, now 10,769,722.
Claims priority of provisional application 62/368,298, filed on Jul. 29, 2016.
Claims priority of provisional application 62/368,359, filed on Jul. 29, 2016.
Claims priority of provisional application 62/368,448, filed on Jul. 29, 2016.
Claims priority of provisional application 62/368,503, filed on Jul. 29, 2016.
Claims priority of provisional application 62/368,588, filed on Jul. 29, 2016.
Claims priority of provisional application 62/368,512, filed on Jul. 29, 2016.
Claims priority of provisional application 62/368,332, filed on Jul. 29, 2016.
Claims priority of provisional application 62/368,406, filed on Jul. 29, 2016.
Claims priority of provisional application 62/368,548, filed on Jul. 29, 2016.
Claims priority of provisional application 62/368,536, filed on Jul. 29, 2016.
Claims priority of provisional application 62/368,271, filed on Jul. 29, 2016.
Claims priority of provisional application 62/368,572, filed on Jul. 29, 2016.
Claims priority of provisional application 62/358,525, filed on Jul. 5, 2016.
Claims priority of provisional application 62/337,711, filed on May 17, 2016.
Claims priority of provisional application 62/335,374, filed on May 12, 2016.
Prior Publication US 2023/0072086 A1, Mar. 9, 2023
This patent is subject to a terminal disclaimer.
Int. Cl. G06Q 40/03 (2023.01); G06N 5/01 (2023.01)
CPC G06Q 40/03 (2023.01) [G06N 5/01 (2023.01)] 20 Claims
OG exemplary drawing
 
1. A computer-implemented method to facilitate transactions using encoded data and generated credit scores, comprising:
receiving, by a processor and from an electronic device, data associated with a plurality of transactions, the data indicating a first correlation between a user of the electronic device and a first credit score;
encoding, by the processor, the data to create encoded data;
generating, by the processor and based on the first correlation and the encoded data, a second credit score;
determining, by the processor, a second correlation between the second credit score and a subset of the encoded data;
determining, by the processor, that the second correlation exceeds a threshold; and
based on determining that the second correlation exceeds the threshold, executing, by the processor, a pending transaction of the plurality of transactions.