Patents by Inventor Peter C. Richards

Peter C. Richards 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).

  • Statistical prioritization and detection of potential financial crime events
    Patent number: 8706587
    Abstract: Systems and methods for calculating financial crimes ratings for banking entities are provided. High risk transaction data for a plurality of similarly situated banking entities is collected. The banking entities may include banking centers, business customers, individual customers or other banking entities. Summary data is then calculated from the high risk transaction data. The summary data for a banking entity is then compared to summary data of the similarly situated banking entities to calculate the rating. Financial crimes ratings may be used to allocate investigation and enforcement resources.
    Type: Grant
    Filed: February 28, 2008
    Date of Patent: April 22, 2014
    Assignee: Bank of America Corporation
    Inventors: Rogelio Olarte Bautista, Jr., Daniel Clifton Kern, Joan F. Pilsmaker, Matthew R. Quinn, Peter C. Richards
  • Method and system for anti-money laundering surveillance
    Patent number: 8544727
    Abstract: A method for anti-money laundering surveillance may include analyzing transaction data based on a group that may include at least one of peer comparison, expected level of activity and debit/credit flow through. The method may also include generating an alert in response to one or more predetermined results from the analyzing.
    Type: Grant
    Filed: October 30, 2006
    Date of Patent: October 1, 2013
    Assignee: Bank of America Corporation
    Inventors: Matthew R. Quinn, Agus Sudjianto, Peter C. Richards, Misty Ritchie