Systems and methods for scoring bank customers direct deposit account transaction activity to match financial behavior to specific acquisition, performance and risk events defined by the bank using a decision tree and stochastic process
First Claim
1. A method of forecasting and scoring the financial behavior of direct-deposit-account (DDA) customer stored in a banks Customer-Information-File (CIF) achieves by measuring the variations in cash transaction activity and spending behavior to predict the financial patterns that match the acquisition, performance, and risk criteria and parameters defined by the bank, comprising:
- the cash transaction occurring in a customer'"'"'s demand-deposit accounts (DDA);
the cash transaction occurring in a customer time-deposit accounts;
the cash transaction occurring in a customer'"'"'s loan accounts;
the cash transaction occurring in a customer on-line and off-line debit card accounts;
the cash transaction occurring in a customer'"'"'s credit card accounts.
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Accused Products
Abstract
A financial scoring system for forecasting the financial behavior of a bank customer holding a direct-deposit-account, commonly referred to as a checking account, to forecast the probability of being a cross sell or up sell acquisition candidate, a default candidate on a loan repayment account, a default candidate on a credit card payments, a default candidate on an off-line debit card transaction, an account closing, attrition, candidate, or a potential fraud candidate, such as money laundering. The financial scoring system can assist the bank in determining profitable and non-profitable account activity and customer groups. The financial behavior scoring will help banks to attract retailers to participate and co-sponsor marketing initiative based on the financial score achieved for a specific group of bank customers.
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Citations
15 Claims
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1. A method of forecasting and scoring the financial behavior of direct-deposit-account (DDA) customer stored in a banks Customer-Information-File (CIF) achieves by measuring the variations in cash transaction activity and spending behavior to predict the financial patterns that match the acquisition, performance, and risk criteria and parameters defined by the bank, comprising:
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the cash transaction occurring in a customer'"'"'s demand-deposit accounts (DDA); the cash transaction occurring in a customer time-deposit accounts; the cash transaction occurring in a customer'"'"'s loan accounts; the cash transaction occurring in a customer on-line and off-line debit card accounts; the cash transaction occurring in a customer'"'"'s credit card accounts. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15)
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Specification