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: 20250166044Abstract: 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: ApplicationFiled: January 16, 2025Publication date: May 22, 2025Applicant: State Farm Mutual Automobile Insurance CompanyInventors: Elizabeth Flowers, Puneit Dua, Eric Balota, Shanna L. Phillips
-
Publication number: 20250156928Abstract: 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: ApplicationFiled: January 15, 2025Publication date: May 15, 2025Inventors: Elizabeth Flowers, Puneit Dua, Eric Balota, Shanna L. Phillips
-
Patent number: 12236470Abstract: 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: GrantFiled: July 6, 2023Date of Patent: February 25, 2025Assignee: State Farm Mutual Automobile Insurance CompanyInventors: Elizabeth A. Flowers, Puneit Dua, Eric Balota, Shanna L. Phillips
-
Patent number: 12229816Abstract: 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: GrantFiled: November 29, 2022Date of Patent: February 18, 2025Assignee: State Farm Mutual Automobile Insurance CompanyInventors: Elizabeth A. Flowers, Puneit Dua, Eric Balota, Shanna L. Phillips
-
Publication number: 20250005661Abstract: 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: ApplicationFiled: September 13, 2024Publication date: January 2, 2025Inventors: Elizabeth Flowers, Puneit Dua, Eric Balota, Shanna L. Phillips
-
Patent number: 12131377Abstract: 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: GrantFiled: November 9, 2022Date of Patent: October 29, 2024Assignee: State Farm Mutual Automobile Insurance CompanyInventors: Elizabeth A. Flowers, Puneit Dua, Eric Balota, Shanna L. Phillips
-
Patent number: 12020307Abstract: 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: GrantFiled: August 31, 2022Date of Patent: June 25, 2024Assignee: State Farm Mutual Automobile Insurance CompanyInventors: Elizabeth A. Flowers, Puneit Dua, Eric Balota, Shanna L. Phillips
-
Publication number: 20230351398Abstract: 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: ApplicationFiled: July 6, 2023Publication date: November 2, 2023Inventors: Elizabeth A. Flowers, Puneit Dua, Eric Balota, Shanna L. Phillips
-
Patent number: 11734690Abstract: 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: GrantFiled: October 8, 2020Date of Patent: August 22, 2023Assignee: State Farm Mutual Automobile Insurance CompanyInventors: Elizabeth A. Flowers, Puneit Dua, Eric Balota, Shanna L. Phillips
-
Patent number: 11670097Abstract: 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: GrantFiled: October 25, 2021Date of Patent: June 6, 2023Assignee: STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANYInventors: Elizabeth Flowers, Puneit Dua, Eric Balota, Shanna L. Phillips
-
Publication number: 20230099100Abstract: 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: ApplicationFiled: November 29, 2022Publication date: March 30, 2023Inventors: Elizabeth A. Flowers, Puneit Dua, Eric Balota, Shanna L. Phillips
-
Publication number: 20230072086Abstract: 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: ApplicationFiled: November 9, 2022Publication date: March 9, 2023Inventors: Elizabeth A. Flowers, Puneit Dua, Eric Balota, Shanna L. Phillips
-
Patent number: 11556934Abstract: 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: GrantFiled: August 19, 2020Date of Patent: January 17, 2023Assignee: State Farm Mutual Automobile Insurance CompanyInventors: Elizabeth A. Flowers, Puneit Dua, Eric Balota, Shanna L. Phillips
-
Patent number: 11544783Abstract: 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: GrantFiled: August 5, 2020Date of Patent: January 3, 2023Assignee: State Farm Mutual Automobile Insurance CompanyInventors: Elizabeth A. Flowers, Puneit Dua, Eric Balota, Shanna L. Phillips
-
Publication number: 20220414761Abstract: 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: ApplicationFiled: August 31, 2022Publication date: December 29, 2022Inventors: Elizabeth A. Flowers, Puneit Dua, Eric Balota, Shanna L. Phillips
-
Patent number: 11461840Abstract: 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: GrantFiled: June 9, 2020Date of Patent: October 4, 2022Assignee: State Farm Mutual Automobile Insurance CompanyInventors: Elizabeth A. Flowers, Puneit Dua, Eric Balota, Shanna L. Phillips
-
Publication number: 20220044069Abstract: 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: ApplicationFiled: October 25, 2021Publication date: February 10, 2022Inventors: Elizabeth Flowers, Puneit Dua, Eric Balota, Shanna L. Phillips
-
Publication number: 20210357771Abstract: 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: ApplicationFiled: April 24, 2017Publication date: November 18, 2021Inventors: Elizabeth Flowers, Puneit Dua, Eric Balota, Shanna L. Phillips
-
Publication number: 20210357839Abstract: 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: ApplicationFiled: April 24, 2017Publication date: November 18, 2021Inventors: Elizabeth Flowers, Puneit Dua, Eric Balota, Shanna L. Phillips
-
Patent number: 11176414Abstract: 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: GrantFiled: December 4, 2019Date of Patent: November 16, 2021Assignee: STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANYInventors: Elizabeth Flowers, Puneit Dua, Eric Balota, Shanna L. Phillips