US Patent Issued to ACTIMIZE on Feb. 3 for "Method for extreme class imbalance within fraud detection" (Israeli Inventors)

ALEXANDRIA, Va., Feb. 3 -- United States Patent no. 12,541,721, issued on Feb. 3, was assigned to ACTIMIZE LTD. (Ra'anana, Israel).

"Method for extreme class imbalance within fraud detection" was invented by Michal Einhorn-Cohen (Rosh Haayin, Israel), Amir Shachar (Haifa, Israel) and Danny Butvinik (Haifa, Israel).

According to the abstract* released by the U.S. Patent & Trademark Office: "A computerized-method for building ensemble of supervised and unsupervised Machine Learning (ML) models for fraud-predictions, for a client having an extremely-imbalanced-dataset, is provided herein. The computerized-method includes: (i) receiving an extremely-imbalanced-dataset from a client for building a ML model; (ii) retrieving datasets of other cl...