Invention Grant
- Patent Title: Indicator regression and modeling for implementing system changes to improve control effectiveness
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Application No.: US15688253Application Date: 2017-08-28
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Publication No.: US10810006B2Publication Date: 2020-10-20
- Inventor: Brandon Sloane , John Brian Costello , Brian Diederich
- Applicant: Bank of America Corporation
- Applicant Address: US NC Charlotte
- Assignee: BANK OF AMERICA CORPORATION
- Current Assignee: BANK OF AMERICA CORPORATION
- Current Assignee Address: US NC Charlotte
- Agency: Moore & Van Allen PLLC
- Agent Michael A. Springs; James C. Edwards
- Main IPC: G06F8/71
- IPC: G06F8/71 ; H04L12/24 ; G06Q10/04

Abstract:
Embodiments of the present invention provide a system for indicator regression and modeling for implementing system changes to improve control effectiveness. The system is typically configured for presenting, prompting for and receiving a selection from a list of controls from a user, via a control effectiveness application user interface on a user device. The system is also for receiving two or more consideration indicators from the user device, via the control effectiveness application user interface forming a consideration set; applying a regression algorithm on the consideration set of indicators; reducing a number of the subset of the consideration set of indicators based on a threshold correlation or a threshold number; finalizing the final equation with the number of the subset, each having a corresponding coefficient; and, in response to finalizing the final equation, automatically performing an action configured to improve effectiveness of the control based on the final equation.
Public/Granted literature
- US20190065178A1 INDICATOR REGRESSION AND MODELING FOR IMPLEMENTING SYSTEM CHANGES TO IMPROVE CONTROL EFFECTIVENESS Public/Granted day:2019-02-28
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