Patents by Inventor David G. Coffaro

David G. Coffaro has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).

  • Computer-based systems for calculating risk of asset transfers
    Patent number: 11915309
    Abstract: A computer system is described that is configured to calculate probable risks of assets being transferred away from an institution that is currently holding the assets. In order to reduce transfers of assets from an institution, the computer system is configured to predict a likelihood of transfer of the asset from the institution based on the client data. The computer system is configured to predict a risk of transfer of the asset that takes into account the value of the asset. For example, particular higher value assets may be more valuable to the financial institution than other assets given a comparable likelihood of transfer. The computer system is further configured to propose and/or prioritize actions, such as potential advising opportunities, to minimize the risk of transfer of the asset from the financial institution.
    Type: Grant
    Filed: September 21, 2020
    Date of Patent: February 27, 2024
    Assignee: Wells Fargo Bank, N.A.
    Inventors: Teresa Ridge, Timothy Feifs, Dustin Scott Mountcastle, Magdalena J. Vega, David G. Coffaro, Leonard Mauney
  • Computer-based systems for calculating risk of asset transfers
    Patent number: 11468505
    Abstract: A computer system is described that is configured to calculate probable risks of assets being transferred away from an institution that is currently holding the assets. In order to reduce transfers of assets from an institution, the computer system is configured to predict a likelihood of transfer of the asset from the institution based on the client data. The computer system is configured to predict a risk of transfer of the asset that takes into account the value of the asset. For example, particular higher value assets may be more valuable to the financial institution than other assets given a comparable likelihood of transfer. The computer system is further configured to propose and/or prioritize actions, such as potential advising opportunities, to minimize the risk of transfer of the asset from the financial institution.
    Type: Grant
    Filed: June 12, 2018
    Date of Patent: October 11, 2022
    Assignee: Wells Fargo Bank, N.A.
    Inventors: Teresa Ridge, Timothy Feifs, Dustin Scott Mountcastle, Magdalena J. Vega, David G. Coffaro, Leonard Mauney