US Patent Issued to Bank of America on April 14 for "System and method for generating synthetic data" (American, British Inventors)

ALEXANDRIA, Va., April 15 -- United States Patent no. 12,602,501, issued on April 14, was assigned to Bank of America Corp. (Charlotte, N.C.).

"System and method for generating synthetic data" was invented by Manu Kurian (Dallas), Michael R. Young (Davidson, N.C.) and Vinesh Premji Patel (Greenwich, Great Britain).

According to the abstract* released by the U.S. Patent & Trademark Office: "In response to receiving a request to generate synthetic data based on real-world data that is stored in a first memory, a processor accesses the first memory to extract at least a portion of the real-world data to use as sample data and determines data properties of the real-world data based on the sample data. The processor generates, based on the dat...