US Patent Issued to TRUIST BANK on July 21 for "Centralized repository and data sharing hub for establishing model sufficiency" (South Carolina Inventor)

ALEXANDRIA, Va., July 21 -- United States Patent no. 12,688,256, issued on July 21, 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 includes a computer to execute instructions. One instruction is to receive a dataset, with an unknown actual sufficiency, and including data suitable to model behavior and for representation on a sufficiency listing. One instruction is to modify the sufficiency listing to include a representation of the dataset. Another instruction is to generate suffic...