US Patent Issued to Wells Fargo Bank on Feb. 18 for "Network based features for financial crime detection" (California, North Carolina Inventors)

ALEXANDRIA, Va., Feb. 19 -- United States Patent no. 12,229,782, issued on Feb. 18, was assigned to Wells Fargo Bank N.A. (San Francisco).

"Network based features for financial crime detection" was invented by Wayne B. Shoumaker (San Francisco), Harsh Singhal (Charlotte, N.C.), Suhas Sreehari (Berkeley, Calif.), Agus Sudjianto (Charlotte, N.C.) and Ye Yu (San Francisco).

According to the abstract* released by the U.S. Patent & Trademark Office: "Disclosed is an example approach in which network and non-network features are used to train a predictive machine learning model that is implemented to predict financial crime and fraud. Graphical network features may be generated by applying financial entity risk vectors to a network model with r...