Joan F Pilsmaker

Title: Joan F. Pilsmaker: Innovator in Financial Crime Detection

Introduction

Joan F. Pilsmaker is a notable inventor based in Milton, MA (US). She has made significant contributions to the field of financial crime detection through her innovative patent. Her work focuses on enhancing the methods used to identify and prioritize potential financial crime events.

Latest Patents

Joan holds a patent for "Statistical prioritization and detection of potential financial crime events." This invention provides systems and methods for calculating financial crimes ratings for banking entities. The process involves collecting high-risk transaction data from a variety of banking entities, including banking centers, business customers, and individual customers. Summary data is calculated from this high-risk transaction data and compared to that of similarly situated banking entities to determine a financial crimes rating. These ratings can be instrumental in allocating investigation and enforcement resources effectively.

Career Highlights

Joan is currently employed at Bank of America Corporation, where she applies her expertise in financial crime detection. Her innovative approach has positioned her as a key player in the banking sector, contributing to the safety and security of financial transactions.

Collaborations

Joan has collaborated with notable colleagues, including Daniel Kern and Matthew R. Quinn. Their combined efforts in the field of financial crime detection have led to advancements that benefit the banking industry.

Conclusion

Joan F. Pilsmaker's contributions to financial crime detection through her patent demonstrate her commitment to innovation in the banking sector. Her work not only enhances the security of financial transactions but also aids in the efficient allocation of resources to combat financial crimes.