Invention Publication
- Patent Title: SYSTEM AND METHOD FOR VALIDATING A PRICE CALCULATION
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Application No.: US17992310Application Date: 2022-11-22
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Publication No.: US20240169439A1Publication Date: 2024-05-23
- Inventor: Zeeshan FAROOQ
- Applicant: The Toronto-Dominion Bank
- Applicant Address: CA Toronto
- Assignee: The Toronto-Dominion Bank
- Current Assignee: The Toronto-Dominion Bank
- Current Assignee Address: CA Toronto
- Main IPC: G06Q40/08
- IPC: G06Q40/08

Abstract:
Computing platforms, methods, and storage media for validating a price calculation, such as a premium calculation, are disclosed. Exemplary implementations may: obtain, from a rating system configured for calculating premiums, a rating system premium calculation based on a plurality of profiles and on a stored set of rate factors; independently calculate a local system premium calculation based on the plurality of profiles and based on a current set of rate factors associated with calculating premiums; and automatically validate the rating system premium calculation based on comparing the rating system premium calculation with the local system premium calculation.
Information query