Kaloyan Mihaylov

Title: Innovator Kaloyan Mihaylov: Pioneering Change in Predictive Modeling and Risk Assessment

Introduction

Kaloyan Mihaylov, an accomplished inventor based in New York, NY, holds three patents that reflect his innovative approach in the fields of predictive modeling and risk assessment. His recent advancements have garnered attention within the banking sector, particularly for their potential applications at Bank of America Corporation, where he currently contributes his expertise.

Latest Patents

Mihaylov's latest inventions include methods and apparatuses for evaluating models using forecast error attribution. This patent outlines a process where input values are forecasted based on variables, allowing for the calculation of modeling function results. Actual performance data is then integrated to determine holdout values indicative of any assumptions errors made regarding forecasted values. This proactive approach enables the plotting of a graph that comprehensively displays the performance of these models against actual data.

Another notable patent focuses on a data-driven risk and reward assessment mechanism specifically designed for consumers and small businesses. This methodology involves the collection of account-level historical data, which is segmented into groups based on similar revenue and loss characteristics. By employing statistical clusters and simulations, the invention aims to forecast and simulate revenue and loss volatility, leading to the creation of efficient frontier curves for assessing risk and potential reward under various economic conditions.

Career Highlights

Mihaylov's work at Bank of America Corporation has positioned him as a vital contributor to advancements in financial modeling and risk analysis. His innovative methodologies not only optimize decision-making processes but also enhance the bank's ability to forecast trends in revenue and loss.

Collaborations

Throughout his career, Mihaylov has collaborated with esteemed colleagues such as Timothy John Breault and Harsh Singhal. These partnerships have fostered a creative environment that promotes the exchange of ideas and innovations, further driving the success of their projects.

Conclusion

Kaloyan Mihaylov exemplifies the spirit of innovation through his patents and contributions to the field of predictive modeling and risk assessment. His work at Bank of America Corporation not only reflects his dedication to enhancing financial processes but also underscores the importance of collaboration in driving technological advancements within the industry.