Peter L Williamson

Title: Innovations of Peter L Williamson

Introduction

Peter L Williamson is a notable inventor based in Larchmont, NY, with a remarkable portfolio of 10 patents. His work primarily focuses on innovative methods and apparatuses that enhance financial modeling and consumer credit evaluation.

Latest Patents

Among his latest patents is a method and apparatus for the development and use of a credit score based on spend capacity, known as Share of Wallet (SOW). This modeling approach utilizes various data sources to provide outputs that describe a consumer's spending capability, tradeline history, including balance transfers, and balance information. These outputs can be appended to data profiles of customers and prospects, supporting decisions involving prospecting, new applicant evaluation, and customer management across the lifecycle. The SOW score, which focuses on a consumer's spending capability, can be used similarly to a credit bureau score. Another significant patent involves credit score and scorecard development, which also employs the SOW modeling approach to enhance credit bureau scorecard attributes.

Career Highlights

Peter L Williamson is currently associated with American Express Travel Related Services Company, Inc., where he applies his expertise in financial modeling and consumer credit evaluation. His contributions have significantly impacted the way financial institutions assess consumer creditworthiness.

Collaborations

Some of his notable coworkers include Kathleen Haggerty and Chao M Yuan, who collaborate with him on various projects within the company.

Conclusion

Peter L Williamson's innovative contributions to financial modeling and consumer credit evaluation have established him as a prominent figure in his field. His patents reflect a deep understanding of consumer behavior and financial analytics, paving the way for advancements in credit scoring methodologies.