US Patent Issued to International Business Machines on June 3 for "Locating suspect transaction patterns in financial networks" (Swiss Inventors)

ALEXANDRIA, Va., June 4 -- United States Patent no. 12,321,943, issued on June 3, was assigned to International Business Machines Corp. (Armonk, N.Y.).

"Locating suspect transaction patterns in financial networks" was invented by Andrea Giovannini (Zurich) and Tamas Visegrady (Zurich).

According to the abstract* released by the U.S. Patent & Trademark Office: "An approach for locating suspect patterns of transactions in a financial network may be provided. The approach may include generating a transaction graph for a financial network by processing transaction data defining transfers between accounts in that network. The approach may include modifying the transaction graph to include synthetic suspect transaction patterns at multiple loca...