Timothy Kramme

Title: The Innovative Contributions of Timothy Kramme in Fraud Detection

Introduction

Timothy Kramme, an accomplished inventor based in Parker, Texas, has made significant strides in the field of electronic fraud detection. With a remarkable tally of 21 patents to his name, Kramme has demonstrated a deep commitment to innovation that serves to enhance financial transaction security. His work at State Farm Mutual Automobile Insurance Company is instrumental in shaping the future of fraud alert systems.

Latest Patents

Kramme's latest patents focus on reducing false positives in electronic fraud alerts through the integration of customer feedback and machine learning. One notable invention involves a method wherein data regarding a financial transaction is processed through a rules-based engine to generate alert notifications. The system subsequently engages with the customer through a mobile device to gather feedback on the accuracy of the alert. When feedback indicates that an alert is a false positive, Kramme's method utilizes machine learning to identify reasons for the inaccuracies and modifies the rules-based engine accordingly. This innovation helps minimize future false alerts by learning from erroneous patterns.

Another recent patent outlines a method for verifying electronic fraud alerts using customer data. In this approach, when an alert is generated, the data is inputted into a machine learning program. The system identifies specific facts within the data, which can then be verified against customer information. If confirmation of the fraudulent activity is established through analysis of the customer data, the verified alert is communicated promptly to the customer’s mobile device.

Career Highlights

Timothy Kramme has been a key figure in the technology landscape, particularly in the insurance sector. Working at State Farm Mutual Automobile Insurance Company, he contributes his expertise in enhancing fraud detection methodologies through innovative techniques and machine learning. His persistent pursuit of advancements in this critical area significantly strengthens the trust and safety associated with financial transactions for clients.

Collaborations

Kramme collaborates with talented professionals, including Elizabeth A. Flowers and Reena Batra. Together, they work on pioneering solutions that aim to bolster electronic fraud detection systems, demonstrating the power of teamwork in the innovation process.

Conclusion

Timothy Kramme's contributions to the realm of electronic fraud detection serve as a testament to the impact of innovative thinking. With 21 patents that refine the accuracy of fraud alerts using advanced technologies, Kramme has positioned himself as a leader in his field. His work not only protects financial institutions but also ensures the safety of consumers, reinforcing the importance of continual innovation in our increasingly digital world.