US Patent Issued to TRUIST BANK on Aug. 18 for "Centralized repository and data sharing hub for establishing model sufficiency" (South Carolina Inventor)

ALEXANDRIA, Va., Aug. 18 -- United States Patent no. 12,711,198, issued on Aug. 18, was assigned to TRUIST BANK (Charlotte, N.C.).

"Centralized repository and data sharing hub for establishing model sufficiency" was invented by Daniel Caricato (Fort Mill, S.C.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A system for centralized transfer of model input data. A processor may receive a dataset, with an unknown actual sufficiency, and including data suitable to model behavior and for representation on a sufficiency listing. The processor may modify the sufficiency listing to include a representation of the dataset. The processor may generate sufficiency parameters in a sufficiency database utilizing a previou...