SYSTEM AND METHOD FOR DISTRIBUTION OF PAYMENTS FROM PAYROLL

• Main Authors: KING, Callum Lachlan, CHIU, Jacky Yuk Ming
• Format: Patent
• Language: English
• Published: 30.03.2023
• Subjects: CALCULATING; COMPUTING; COUNTING; DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES; PHYSICS; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR

A method for generating financial propensity outcomes using a machine learning model. The method may include receiving internal data on a client, the internal data comprises transactional data, behavioral data, demographic data, credit data, and communication data; receiving external data, the external data comprises publicly available data; training the machine learning model using historical financial data to model forecasts and predictive analytics; deploying the trained machine learning model and providing the internal data and the external data as data input to the trained machine learning model; and generating the financial propensity outcomes associated with the client from the trained machine learning model through forecasts and predictive analytics.