The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Oct. 20, 2020
Filed:
Aug. 28, 2017
Bank of America Corporation, Charlotte, NC (US);
Brandon Sloane, Santa Barbara, CA (US);
John Brian Costello, Long Beach, CA (US);
Brian Diederich, Simi Valley, CA (US);
BANK OF AMERICA CORPORATION, Charlotte, NC (US);
Abstract
Embodiments of the present invention provide a system for indicator regression and modeling for implementing system changes to improve control effectiveness. The system is typically configured for presenting, prompting for and receiving a selection from a list of controls from a user, via a control effectiveness application user interface on a user device. The system is also for receiving two or more consideration indicators from the user device, via the control effectiveness application user interface forming a consideration set; applying a regression algorithm on the consideration set of indicators; reducing a number of the subset of the consideration set of indicators based on a threshold correlation or a threshold number; finalizing the final equation with the number of the subset, each having a corresponding coefficient; and, in response to finalizing the final equation, automatically performing an action configured to improve effectiveness of the control based on the final equation.