METHODS AND DEVICES FOR COMPUTING OPTIMIZED CREDIT SCORES
First Claim
1. A computer implemented method for computing optimized credit scores, the method comprising:
- transmitting a data retrieval request to a data source comprising profile data associated with a plurality of individuals for retrieving the profile data associated with the plurality of individuals;
ascertaining availability of social media data for each of the plurality of individuals based on profile data associated with an individual therein, wherein the social media data of the individual comprises content published by the individual on one or more web-based platforms;
classifying each of the plurality of individuals into a first set and a second set based on the availability of the social media data associated with the individual, wherein the first set of individuals are individuals for whom social media data is available, and wherein the second set of individuals are individuals for whom social media data is unavailable;
determining a social media score for each individual present in the first set based on the social media data of the individual and one or more scoring criteria, wherein the social media score is a cumulative score based on compliance with one or more scoring criteria;
determining the social media score for each individual present in the second set based on characteristics common to the characteristics of the individuals of the first set; and
determining a credit score for each of the plurality of individuals based at least on corresponding social media score of the individual.
1 Assignment
0 Petitions
Accused Products
Abstract
This disclosure relates generally to computation of credit scores, and more particularly to methods and devices for computing optimized credit scores. A computer implemented method for computing optimized credit scores comprises transmitting a data retrieval request to a data source for retrieving profile data associated with a plurality of individuals. Availability of social media data for each individual is ascertained based on corresponding profile data. Each of the plurality of individuals is classified into a first set and second set based on the availability of the social media data associated with the individual. A social media score for each individual present in the first set is determined. A social media score for each individual present in the second set is determined based on social media scores of the first set. A credit score for each individual is determined based on corresponding social media score of the individual.
-
Citations
7 Claims
-
1. A computer implemented method for computing optimized credit scores, the method comprising:
-
transmitting a data retrieval request to a data source comprising profile data associated with a plurality of individuals for retrieving the profile data associated with the plurality of individuals; ascertaining availability of social media data for each of the plurality of individuals based on profile data associated with an individual therein, wherein the social media data of the individual comprises content published by the individual on one or more web-based platforms; classifying each of the plurality of individuals into a first set and a second set based on the availability of the social media data associated with the individual, wherein the first set of individuals are individuals for whom social media data is available, and wherein the second set of individuals are individuals for whom social media data is unavailable; determining a social media score for each individual present in the first set based on the social media data of the individual and one or more scoring criteria, wherein the social media score is a cumulative score based on compliance with one or more scoring criteria; determining the social media score for each individual present in the second set based on characteristics common to the characteristics of the individuals of the first set; and determining a credit score for each of the plurality of individuals based at least on corresponding social media score of the individual. - View Dependent Claims (2, 3)
-
-
4. A computing device for computing optimized credit scores, the device comprising:
-
a processor; a classification module coupled to the processor to, transmit a data retrieval request to a data source comprising profile data associated with a plurality of individuals for retrieving the profile data associated with the plurality of individuals; ascertain availability of social media data for each of the plurality of individuals based on profile data associated with an individual, wherein the social media data of the individual comprises content published by the individual on one or more web-based platforms; classify each of the plurality of individuals into a first set and a second set based on the availability of the social media data associated with the individual, wherein the first set of individuals are individuals for whom social media data is available, and wherein the second set of individuals are individuals for whom social media data is unavailable; and a score computation module coupled to the processor is further configured to, determine a social media score for each individual present in the first set based on the social media data of the individual and one or more scoring criteria, wherein the social media score is a cumulative score based on compliance to the one or more scoring criteria; determine a social media score for each individual present in the second set based on characteristics common to the characteristics of the individuals of the first set; and determine a credit score for each of the plurality of individuals based at east on corresponding social media score of the individual - View Dependent Claims (5, 6)
-
-
7. A computer program product comprising a non-transitory computer readable storage medium having a computer readable program stored therein, wherein the computer readable program, when executed on a computing device, causes the computing device to
transmit a data retrieval request to a data source comprising profile data associated with a plurality of individuals for retrieving the profile data associated with the plurality of individuals; -
ascertain availability of social media data for each of the plurality of individuals based on profile data associated with the individual, wherein the social media data of the individual comprises content published by the individual on one or more web-based platforms; classify each of the plurality of individuals into a first set and a second set based on the availability of the social media data associated with the individual, wherein the first set of individuals are individuals for whom social media data is available, and wherein the second set of individuals are individuals for whom social media data is unavailable; determine a social media score for each individual present in the first set based on the social media data of the individual and one or more scoring criteria, wherein the social media score is a cumulative score based on compliance to the one or more scoring criteria; determine a social media score for each individual present in the second set based on characteristics common to the characteristics of the individuals of the first set; and determine a credit score for each of the plurality of individuals based at least on corresponding social media score of the individual.
-
Specification