US Patent Issued to Checkmate Network on Feb. 3 for "Self-labelling of fraud risk in a transaction processing system" (Israeli Inventors)

ALEXANDRIA, Va., Feb. 3 -- United States Patent no. 12,541,768, issued on Feb. 3, was assigned to Checkmate Network Ltd. (Tel-Aviv, Israel).

"Self-labelling of fraud risk in a transaction processing system" was invented by Israel Hanania Rosilio (Jerusalem) and Aviel Meir Erdis (Givatayim, Israel).

According to the abstract* released by the U.S. Patent & Trademark Office: "The presently disclosed subject matter relates to detection and mitigation of financial fraud, and in particular to implementation of systems for training machine learning models in such systems. It involves self-labelling of fraud risk in a transaction processing system."

The patent was filed on Dec. 29, 2023, under Application No. 18/400,341.

*For further informatio...