18274642. CREDIT ASSISTANCE SYSTEM, CREDIT ASSISTANCE METHOD, AND PROGRAM RECORDING MEDIUM simplified abstract (NEC Corporation)
Contents
- 1 CREDIT ASSISTANCE SYSTEM, CREDIT ASSISTANCE METHOD, AND PROGRAM RECORDING MEDIUM
- 1.1 Organization Name
- 1.2 Inventor(s)
- 1.3 CREDIT ASSISTANCE SYSTEM, CREDIT ASSISTANCE METHOD, AND PROGRAM RECORDING MEDIUM - A simplified explanation of the abstract
- 1.4 Simplified Explanation
- 1.5 Potential Applications
- 1.6 Problems Solved
- 1.7 Benefits
- 1.8 Potential Commercial Applications
- 1.9 Possible Prior Art
- 1.10 Original Abstract Submitted
CREDIT ASSISTANCE SYSTEM, CREDIT ASSISTANCE METHOD, AND PROGRAM RECORDING MEDIUM
Organization Name
Inventor(s)
Tomoyuki Nishiyama of Tokyo (JP)
CREDIT ASSISTANCE SYSTEM, CREDIT ASSISTANCE METHOD, AND PROGRAM RECORDING MEDIUM - A simplified explanation of the abstract
This abstract first appeared for US patent application 18274642 titled 'CREDIT ASSISTANCE SYSTEM, CREDIT ASSISTANCE METHOD, AND PROGRAM RECORDING MEDIUM
Simplified Explanation
The patent application describes a credit assistance system that extracts financial indicators from a second company at a specific point in time and compares them to the financial indicators of a first company at a later point in time. The system then outputs the actual financial status of the second company after the comparison.
- The extraction unit extracts financial indicators from a second company at a specific point in time.
- The output unit compares the financial indicators of the second company to those of a first company at a later point in time.
- The system outputs the actual financial status of the second company after the comparison.
Potential Applications
The technology described in this patent application could be applied in the following areas:
- Credit risk assessment
- Financial analysis
- Investment decision-making
Problems Solved
This technology helps in:
- Identifying companies with similar financial indicators at different points in time
- Providing accurate financial status updates for companies
Benefits
The benefits of this technology include:
- Improved credit assessment accuracy
- Enhanced financial decision-making
- Better risk management
Potential Commercial Applications
The potential commercial applications of this technology could include:
- Financial institutions
- Investment firms
- Credit rating agencies
Possible Prior Art
One possible prior art for this technology could be traditional credit scoring models that rely on historical financial data for credit assessment.
Unanswered Questions
How does this technology handle data privacy and security concerns?
The patent application does not provide details on how data privacy and security concerns are addressed in the credit assistance system. It would be important to understand the measures in place to protect sensitive financial information.
What are the specific conditions under which the extraction unit operates?
The patent application mentions "prescribed conditions" under which the extraction unit extracts financial indicators from the second company. It would be helpful to know more about these conditions and how they are defined in the system.
Original Abstract Submitted
A credit assistance system is configured to include an extraction unit and an output unit. The extraction unit extracts a second company, financial indicators of which at a second point in time coincide with financial indicators of a first company at a first point in time later than the second point in time under prescribed conditions. The output unit outputs actual data of the financial status of the second company after the second point in time.
