Wells Fargo Bank, N.A. (20240331032). PROFILE BASED VIDEO CREATION simplified abstract

PROFILE BASED VIDEO CREATION

Organization Name

Wells Fargo Bank, N.A.

Inventor(s)

Jaison Prabhu Doss of Nagercoil (IN)

Naveen Hunsur Jayaramegowda of Mysuru (IN)

Sadananda Kalappanahally Nagarajappa of BANGALORE (IN)

Venkata Reddy Yeruva of Bangalore (IN)

Gowtham Reddyvari of Bangalore (IN)

Ravi Chandra Singamsetty of Bangalore (IN)

PROFILE BASED VIDEO CREATION - A simplified explanation of the abstract

This abstract first appeared for US patent application 20240331032 titled 'PROFILE BASED VIDEO CREATION

Simplified Explanation: The example system described in the abstract creates a video based on a user's financial profile to visualize their financial decisions and current status, as well as predict their future financial status.

Key Features and Innovation:

• Utilizes historical financial transactional data, profile information, and market data to extract and predict data points about the user's financial profile.
• Generates a video storyline based on the extracted data points to illustrate the user's financial profile.
• Displays the video on a virtual reality device for the user to visualize their financial journey.

Potential Applications: This technology could be applied in personal finance management tools, financial planning services, and educational platforms for financial literacy.

Problems Solved: This technology helps users understand their financial decisions, visualize their financial status, and make informed choices for the future.

Benefits: Users can gain a better understanding of their financial situation, make more informed decisions, and plan for their financial future with the help of this system.

Commercial Applications: Financial institutions, fintech companies, and personal finance apps could integrate this technology to offer personalized financial visualization services to their customers, enhancing user engagement and financial literacy.

Prior Art: Prior art related to this technology may include virtual reality financial planning tools, personalized financial management software, and predictive analytics in finance.

Frequently Updated Research: Stay updated on the latest advancements in virtual reality financial visualization tools, predictive analytics in finance, and personalized financial management solutions.

Questions about Financial Visualization Technology: 1. How does this technology improve financial literacy and decision-making for users? 2. What are the potential privacy and security concerns associated with analyzing and visualizing users' financial data?

Original Abstract Submitted

an example system creates a video based on a user's financial profile for a specified time period and displays the video on a virtual reality device to help the user visualize the user's financial decisions resulting in the user's current financial status as well as visualize the user's predicted financial status in the future. the system analyzes the user's historical financial transactional data, profile information and relevant market and peer information to extract and predict one or more data points regarding the user's financial profile from the past, present and the future. the system generates a video about the user's financial profile by creating a storyline based on the one or more data points.