Company Filing History:
Years Active: 2014
Title: The Innovations of Tracy Backes
Introduction
Tracy Backes is an accomplished inventor based in Reno, NV (US). He has made significant contributions to the field of financial technology, particularly in the area of loan default scoring. His innovative approach has the potential to transform how entities assess their creditworthiness and manage their financial obligations.
Latest Patents
Tracy Backes holds a patent for a method titled "Strategic Loan Default Scoring." This invention involves determining a strategic default score for an entity, which characterizes the likelihood of that entity voluntarily electing to default on a loan. The process begins with the receipt of data that characterizes both credit data and the valuation of an asset owned by the entity. Using this data, the strategic default score is generated, indicating the likelihood of the entity choosing to default on the loan, even when it is capable of repayment. The invention also includes provisions for the display, transmission, and storage of the strategic default score, along with related apparatus, systems, techniques, and articles.
Career Highlights
Tracy Backes has made a notable impact in his role at Fair Isaac Corporation, a leader in analytics and decision management technology. His work focuses on developing innovative solutions that enhance financial decision-making processes. With a patent portfolio that includes 1 patent, he continues to push the boundaries of what is possible in the financial sector.
Collaborations
Tracy collaborates with talented professionals in his field, including Ethan J Dornhelm and Lu Gao. Their combined expertise contributes to the advancement of innovative solutions within the company.
Conclusion
Tracy Backes exemplifies the spirit of innovation in the financial technology sector. His work on strategic loan default scoring showcases his commitment to improving financial decision-making processes. Through his contributions, he is paving the way for more informed and strategic financial practices.