US Patent Issued to LendingClub Bank, National Association on Dec. 16 for "Techniques for improving the accuracy of automated predictions" (California Inventors)

ALEXANDRIA, Va., Dec. 16 -- United States Patent no. 12,499,484, issued on Dec. 16, was assigned to LendingClub Bank, National Association (Lehi, Utah).

"Techniques for improving the accuracy of automated predictions" was invented by Jianju Liu (Kentfield, Calif.), Dhwani Umeshbhai Bosamiya (Sunnyvale, Calif.), Jianglan Han (San Francisco), Phani Pradeep Benarji Kommana (Pleasanton, Calif.) and Shi Tang (San Bruno, Calif.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Techniques are provided for forming clusters of individual prediction targets (IPTs). An initial prediction target is a target for which an automated prediction has been generated. IPTs may be, for example, borrowers to which a lending entity h...