CRYPTOGRAPHIC SYSTEM AND METHOD FOR EVALUATING FINANCIAL INFORMATION

Abstract: third parties interested in purchasing a pool of loans run calculations to determine if the investment is worthwhile. traditionally, obtaining the information to perform the calculations includes obtaining consumer credit information that carries liabilities under the fair credit reporting act. a method is described for performing encrypted calculations by a third party on a pool of consumer credit data stored by a regulated consumer credit provider. the method enables the third party to run the required calculations without having the consumer credit data disclosed to evoke liabilities under the fair credit reporting act. the encrypted calculations may employ arithmetic circuits, boolean circuits and/or hybrid circuits.

Inventor(s): Ilya Eric KOLCHINSKY

CPC Classification: G06Q40/03 (Credit; Loans; Processing thereof)

Search for rejections for patent application number 20250173786