Patents by Inventor Eric Balota

Eric Balota 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).

  • Publication number: 20250166044
    Abstract: A heuristic money laundering detection engine includes capabilities to collect an unstructured data set, such as a transaction record, and detect indications of money laundering activity. By detecting money laundering activity and feeding back indications of money laundering transactions, the heuristic algorithm may continue to learn and improve detection accuracy. Such indications may include correlations to sets of transaction activity among a number of financial accounts and past indications of money laundering activity. Indications of money laundering may allow generation of audit reports for reporting to regulatory authorities.
    Type: Application
    Filed: January 16, 2025
    Publication date: May 22, 2025
    Applicant: State Farm Mutual Automobile Insurance Company
    Inventors: Elizabeth Flowers, Puneit Dua, Eric Balota, Shanna L. Phillips
  • Publication number: 20250156928
    Abstract: A heuristic engine includes capabilities to collect an unstructured data set and detect instances of transaction fraud in a financial account. By providing a heuristic algorithm with unstructured transaction sets and indications of particular instances of transactions that correlate with past fraudulent activity allows prevention of future occurrences of fraud. Such heuristic algorithms may learn from past indications of fraudulent activity and improve accuracy of detection of future fraud detections.
    Type: Application
    Filed: January 15, 2025
    Publication date: May 15, 2025
    Inventors: Elizabeth Flowers, Puneit Dua, Eric Balota, Shanna L. Phillips
  • Patent number: 12236470
    Abstract: A heuristic money laundering detection engine includes capabilities to collect an unstructured data set, such as a transaction record, and detect indications of money laundering activity. By detecting money laundering activity and feeding back indications of money laundering transactions, the heuristic algorithm may continue to learn and improve detection accuracy. Such indications may include correlations to sets of transaction activity among a number of financial accounts and past indications of money laundering activity. Indications of money laundering may allow generation of audit reports for reporting to regulatory authorities.
    Type: Grant
    Filed: July 6, 2023
    Date of Patent: February 25, 2025
    Assignee: State Farm Mutual Automobile Insurance Company
    Inventors: Elizabeth A. Flowers, Puneit Dua, Eric Balota, Shanna L. Phillips
  • Patent number: 12229816
    Abstract: A heuristic engine includes capabilities to collect an unstructured data set and detect instances of transaction fraud in a financial account. By providing a heuristic algorithm with unstructured transaction sets and indications of particular instances of transactions that correlate with past fraudulent activity allows prevention of future occurrences of fraud. Such heuristic algorithms may learn from past indications of fraudulent activity and improve accuracy of detection of future fraud detections.
    Type: Grant
    Filed: November 29, 2022
    Date of Patent: February 18, 2025
    Assignee: State Farm Mutual Automobile Insurance Company
    Inventors: Elizabeth A. Flowers, Puneit Dua, Eric Balota, Shanna L. Phillips
  • Publication number: 20250005661
    Abstract: A heuristic engine includes capabilities to collect an unstructured data set and a current business context to calculate a credit worthiness score. Providing a heuristic algorithm, executing within the engine, with the data set and the context may allow determination of predicted future contexts and recommend subsequent actions, such as assessing a credit risk of a customer transaction and reducing the risk of customer transactions by processing the available data. Such heuristic algorithms may learn from past data transactions and appropriate correlations with events and available data.
    Type: Application
    Filed: September 13, 2024
    Publication date: January 2, 2025
    Inventors: Elizabeth Flowers, Puneit Dua, Eric Balota, Shanna L. Phillips
  • Patent number: 12131377
    Abstract: A heuristic engine includes capabilities to collect an unstructured data set and a current business context to calculate a credit worthiness score. Providing a heuristic algorithm, executing within the engine, with the data set and the context may allow determination of predicted future contexts and recommend subsequent actions, such as assessing a credit risk of a customer transaction and reducing the risk of customer transactions by processing the available data. Such heuristic algorithms may learn from past data transactions and appropriate correlations with events and available data.
    Type: Grant
    Filed: November 9, 2022
    Date of Patent: October 29, 2024
    Assignee: State Farm Mutual Automobile Insurance Company
    Inventors: Elizabeth A. Flowers, Puneit Dua, Eric Balota, Shanna L. Phillips
  • Patent number: 12020307
    Abstract: A heuristic engine includes capabilities to collect an unstructured data set, including document image data and correlate the image data with known valid data to detect document fraud. Notifications of fraud detection may include particular signature images, or characteristics of a document image. By feeding back indications of document fraud with correlations to past instances of fraud into the heuristic algorithm, the algorithm may learn and improve in fraud detection accuracy.
    Type: Grant
    Filed: August 31, 2022
    Date of Patent: June 25, 2024
    Assignee: State Farm Mutual Automobile Insurance Company
    Inventors: Elizabeth A. Flowers, Puneit Dua, Eric Balota, Shanna L. Phillips
  • Publication number: 20230351398
    Abstract: A heuristic money laundering detection engine includes capabilities to collect an unstructured data set, such as a transaction record, and detect indications of money laundering activity. By detecting money laundering activity and feeding back indications of money laundering transactions, the heuristic algorithm may continue to learn and improve detection accuracy. Such indications may include correlations to sets of transaction activity among a number of financial accounts and past indications of money laundering activity. Indications of money laundering may allow generation of audit reports for reporting to regulatory authorities.
    Type: Application
    Filed: July 6, 2023
    Publication date: November 2, 2023
    Inventors: Elizabeth A. Flowers, Puneit Dua, Eric Balota, Shanna L. Phillips
  • Patent number: 11734690
    Abstract: A heuristic money laundering detection engine includes capabilities to collect an unstructured data set, such as a transaction record, and detect indications of money laundering activity. By detecting money laundering activity and feeding back indications of money laundering transactions, the heuristic algorithm may continue to learn and improve detection accuracy. Such indications may include correlations to sets of transaction activity among a number of financial accounts and past indications of money laundering activity. Indications of money laundering may allow generation of audit reports for reporting to regulatory authorities.
    Type: Grant
    Filed: October 8, 2020
    Date of Patent: August 22, 2023
    Assignee: State Farm Mutual Automobile Insurance Company
    Inventors: Elizabeth A. Flowers, Puneit Dua, Eric Balota, Shanna L. Phillips
  • Patent number: 11670097
    Abstract: Systems and methods are described for Distification of 3D imagery. A computing device may obtain a three dimensional (3D) image that defines a 3D point cloud used to generate a two dimensional (2D) image matrix. The 2D image matrix may include 2D matrix point(s), where each 2D matrix point can be associated with a horizontal coordinate and a vertical coordinate. The computing device can generate an output feature vector that includes at least one 2D matrix point of the 2D image matrix, and a 3D point in the 3D point cloud of the 3D image. The 3D point in the 3D point cloud is mapped to a coordinate pair comprised of the horizontal coordinate and the vertical coordinate of the at least one 2D matrix point of the 2D image matrix point. The output feature vector is input into a predictive model.
    Type: Grant
    Filed: October 25, 2021
    Date of Patent: June 6, 2023
    Assignee: STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY
    Inventors: Elizabeth Flowers, Puneit Dua, Eric Balota, Shanna L. Phillips
  • Publication number: 20230099100
    Abstract: A heuristic engine includes capabilities to collect an unstructured data set and detect instances of transaction fraud in a financial account. By providing a heuristic algorithm with unstructured transaction sets and indications of particular instances of transactions that correlate with past fraudulent activity allows prevention of future occurrences of fraud. Such heuristic algorithms may learn from past indications of fraudulent activity and improve accuracy of detection of future fraud detections.
    Type: Application
    Filed: November 29, 2022
    Publication date: March 30, 2023
    Inventors: Elizabeth A. Flowers, Puneit Dua, Eric Balota, Shanna L. Phillips
  • Publication number: 20230072086
    Abstract: A heuristic engine includes capabilities to collect an unstructured data set and a current business context to calculate a credit worthiness score. Providing a heuristic algorithm, executing within the engine, with the data set and the context may allow determination of predicted future contexts and recommend subsequent actions, such as assessing a credit risk of a customer transaction and reducing the risk of customer transactions by processing the available data. Such heuristic algorithms may learn from past data transactions and appropriate correlations with events and available data.
    Type: Application
    Filed: November 9, 2022
    Publication date: March 9, 2023
    Inventors: Elizabeth A. Flowers, Puneit Dua, Eric Balota, Shanna L. Phillips
  • Patent number: 11556934
    Abstract: A heuristic engine includes capabilities to collect an unstructured data set and detect instances of transaction fraud in a financial account. By providing a heuristic algorithm with unstructured transaction sets and indications of particular instances of transactions that correlate with past fraudulent activity allows prevention of future occurrences of fraud. Such heuristic algorithms may learn from past indications of fraudulent activity and improve accuracy of detection of future fraud detections.
    Type: Grant
    Filed: August 19, 2020
    Date of Patent: January 17, 2023
    Assignee: State Farm Mutual Automobile Insurance Company
    Inventors: Elizabeth A. Flowers, Puneit Dua, Eric Balota, Shanna L. Phillips
  • Patent number: 11544783
    Abstract: A heuristic engine includes capabilities to collect an unstructured data set and a current business context to calculate a credit worthiness score. Providing a heuristic algorithm, executing within the engine, with the data set and the context may allow determination of predicted future contexts and recommend subsequent actions, such as assessing a credit risk of a customer transaction and reducing the risk of customer transactions by processing the available data. Such heuristic algorithms may learn from past data transactions and appropriate correlations with events and available data.
    Type: Grant
    Filed: August 5, 2020
    Date of Patent: January 3, 2023
    Assignee: State Farm Mutual Automobile Insurance Company
    Inventors: Elizabeth A. Flowers, Puneit Dua, Eric Balota, Shanna L. Phillips
  • Publication number: 20220414761
    Abstract: A heuristic engine includes capabilities to collect an unstructured data set, including document image data and correlate the image data with known valid data to detect document fraud. Notifications of fraud detection may include particular signature images, or characteristics of a document image. By feeding back indications of document fraud with correlations to past instances of fraud into the heuristic algorithm, the algorithm may learn and improve in fraud detection accuracy.
    Type: Application
    Filed: August 31, 2022
    Publication date: December 29, 2022
    Inventors: Elizabeth A. Flowers, Puneit Dua, Eric Balota, Shanna L. Phillips
  • Patent number: 11461840
    Abstract: A heuristic engine includes capabilities to collect an unstructured data set, including document image data and correlate the image data with known valid data to detect document fraud. Notifications of fraud detection may include particular signature images, or characteristics of a document image. By feeding back indications of document fraud with correlations to past instances of fraud into the heuristic algorithm, the algorithm may learn and improve in fraud detection accuracy.
    Type: Grant
    Filed: June 9, 2020
    Date of Patent: October 4, 2022
    Assignee: State Farm Mutual Automobile Insurance Company
    Inventors: Elizabeth A. Flowers, Puneit Dua, Eric Balota, Shanna L. Phillips
  • Publication number: 20220044069
    Abstract: Systems and methods are described for Distification of 3D imagery. A computing device may obtain a three dimensional (3D) image that defines a 3D point cloud used to generate a two dimensional (2D) image matrix. The 2D image matrix may include 2D matrix point(s), where each 2D matrix point can be associated with a horizontal coordinate and a vertical coordinate. The computing device can generate an output feature vector that includes at least one 2D matrix point of the 2D image matrix, and a 3D point in the 3D point cloud of the 3D image. The 3D point in the 3D point cloud is mapped to a coordinate pair comprised of the horizontal coordinate and the vertical coordinate of the at least one 2D matrix point of the 2D image matrix point. The output feature vector is input into a predictive model.
    Type: Application
    Filed: October 25, 2021
    Publication date: February 10, 2022
    Inventors: Elizabeth Flowers, Puneit Dua, Eric Balota, Shanna L. Phillips
  • Publication number: 20210357771
    Abstract: A heuristic engine includes capabilities to collect an unstructured data set, for example including question and answer sets from prior customer interactions, and predict future questions based on a current customer context. Such heuristic algorithms may learn from past data transactions and appropriate correlations with events and available data. By improving the heuristic algorithm with growing sets of question and answer interactions, the accuracy of question and answer set predictions may improve over time, allowing improved customer service and understanding of customer interaction outcomes.
    Type: Application
    Filed: April 24, 2017
    Publication date: November 18, 2021
    Inventors: Elizabeth Flowers, Puneit Dua, Eric Balota, Shanna L. Phillips
  • Publication number: 20210357839
    Abstract: A heuristic business process impact assessment engine includes capabilities to collect an unstructured data set and a current business process context. Providing a heuristic algorithm and executing the heuristic algorithm within the engine with the data set may allow determination of predicted impacts on portions of a business process and suggest actions to improve business process efficiencies. Such heuristic algorithms may learn from past data transactions and appropriate correlations with events and available data.
    Type: Application
    Filed: April 24, 2017
    Publication date: November 18, 2021
    Inventors: Elizabeth Flowers, Puneit Dua, Eric Balota, Shanna L. Phillips
  • Patent number: 11176414
    Abstract: Systems and methods are described for Distification of 3D imagery. A computing device may obtain a three dimensional (3D) image that includes rules defining a 3D point cloud used to generate a two dimensional (2D) image matrix. The 2D image matrix may include 2D matrix point(s) mapped to the 3D image, where each 2D matrix point can be associated with a horizontal coordinate and a vertical coordinate. The computing device can generate an output feature vector that includes, for at least one of the 2D matrix points, the horizontal coordinate and the vertical coordinate of the 2D matrix point, and a depth coordinate of a 3D point in the 3D point cloud of the 3D image. The 3D point can have a nearest horizontal and vertical coordinate pair that corresponds to the horizontal and vertical coordinates of the at least one 2D matrix point.
    Type: Grant
    Filed: December 4, 2019
    Date of Patent: November 16, 2021
    Assignee: STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY
    Inventors: Elizabeth Flowers, Puneit Dua, Eric Balota, Shanna L. Phillips