USING COMMERCIAL SHARE OF WALLET TO MAKE LENDING DECISIONS
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United States of America Patent
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N/A
Issued Date -
Jun 19, 2014
app pub date -
Feb 24, 2014
filing date -
Oct 29, 2004
priority date (Note) -
Abandoned
status (Latency Note)
Importance
Abstract
Commercial size of spending wallet (“CSoSW”) is the total business spend of a business including cash but excluding bartered items. Commercial share of wallet (“CSoW”) is the portion of the spending wallet that is captured by a particular financial company. A modeling approach utilizes various data sources to provide outputs that describe a company's spend capacity. Banks and lenders can use CSoW/CSoSW to determine who to lend to and who to deny credit to, as well as for pricing loans and other products in a dynamic way. Banks and lenders can also determine which customers should be retained, as well as identify loans which are likely to default.
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