Systems and methods using IoT input to validate a loan guarantee
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United States of America Patent
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Oct 3, 2023
Grant Date -
Sep 17, 2020
app pub date -
May 28, 2020
filing date -
May 6, 2018
priority date (Note) -
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status (Latency Note)
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Abstract
Systems and methods using IOT input to validate a loan guarantee are disclosed. An example system may include an Internet of Things (IoT) data input circuit to interpret a loan guarantee parameter; an IoT data collection circuit to collect data using at least one algorithm that is configured to monitor IoT information collected from and about an entity involved in a loan in response to the loan guarantee parameter; and a guarantee validation circuit to validate a guarantee for the loan in response to the monitored IoT information.
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