US Patent Issued to Royal Bank of Canada on Nov. 25 for "System and method for generating and updating a user profile for an institution based on peer group data" (Canadian Inventors)

ALEXANDRIA, Va., Nov. 25 -- United States Patent no. 12,482,013, issued on Nov. 25, was assigned to Royal Bank of Canada (Toronto).

"System and method for generating and updating a user profile for an institution based on peer group data" was invented by Obakemi Rotimi-Fadipe (Toronto), Vibhav Dindyal (Waterloo, Canada), Hung Phi Phillip Truong (Niagara Falls, Canada), Wei Liu (Hamilton, Canada), Hannah McIsaac (Toronto), Victor Cheng (Toronto) and Timothy Dean McGaugh (Toronto).

According to the abstract* released by the U.S. Patent & Trademark Office: "A method for generating a user profile based on a comparison to peer group data, the user being a member of an institution, the method comprising the steps of: obtaining user profile data...