US Patent Issued to ROYAL BANK OF CANADA on May 26 for "System and method for reconciliation of electronic data processes" (Canadian Inventors)

ALEXANDRIA, Va., May 26 -- United States Patent no. 12,639,751, issued on May 26, was assigned to ROYAL BANK OF CANADA (Toronto).

"System and method for reconciliation of electronic data processes" was invented by Kanika Vij (Toronto), Igor Reshynsky (Toronto), Eujean Kim (Toronto), Rowan Comish (Toronto), Jingyi Gao (Toronto), Adam Lazure (Toronto) and Abdulrahman Allahham (Toronto).

According to the abstract* released by the U.S. Patent & Trademark Office: "Risk levels for accounts are assessed based on account data for the accounts, including reconciliation status and balance values. For each of the accounts, risk criteria scores are assigned for a plurality of risk criteria, based at least in part on one or more of reconciliation stat...