18334255. COMPOSITE EVENT SIGNATURE ANALYSIS (Wells Fargo Bank, N.A.)
Contents
COMPOSITE EVENT SIGNATURE ANALYSIS
Organization Name
Inventor(s)
Michael Johnson of Lake Oswego OR (US)
COMPOSITE EVENT SIGNATURE ANALYSIS
This abstract first appeared for US patent application 18334255 titled 'COMPOSITE EVENT SIGNATURE ANALYSIS
Original Abstract Submitted
In one example, this disclosure describes a method that includes determining a first transaction category identifier based on data for a first financial transaction initiated by a customer. A demographic category identifier is determined based on a set of demographic data associated with the customer. A first composite event signature is established for the customer by combining the transaction category identifier with the demographic category identifier. The customer is assigned to a first profile group of customers having the first composite event signature. A first risk associated with the first profile group is determined, based on zero or more historical fraud events associated with the first profile group. When the first risk exceeds a first threshold, a first fraud report is generated, a first fraud alert is generated, and/or a first mitigation action is performed to mitigate the first risk.
