US Patent Issued to ROYAL BANK OF CANADA on May 6 for "K-LSTM architecture for purchase prediction" (Canadian Inventors)

ALEXANDRIA, Va., June 10 -- United States Patent no. 12,293,261, issued on May 6, was assigned to ROYAL BANK OF CANADA (Montreal).

"K-LSTM architecture for purchase prediction" was invented by Yuanqiao Wu (Montreal), Janahan Ramanan (Montreal), Jaspreet Sahota (Montreal), Cathal Smyth (Montreal) and Yik Chau Lui (Montreal).

According to the abstract* released by the U.S. Patent & Trademark Office: "A system receives transaction data over time, and creates structured data based on the received transaction data. Purchase transactions that are associated with a purchase category are identified in the structured data and labeled. A recurrent neural network such as a long short-term memory (LSTM) network, in particular, a k-LSTM architecture u...