Capital One Financial had 24 patents in metaverse during Q4 2023. Capital One Financial Corp filed patents related to utilizing machine learning models to determine exchange rates for converting program points, facilitating augmented reality experiences for purchasing items at merchant locations, auto-locating users in parking lots and providing recommendations for vehicles, modifying recommendations from recommendation engines based on user interactions, and providing augmented reality vehicle information based on scale models. GlobalData’s report on Capital One Financial gives a 360-degreee view of the company including its patenting strategy. Buy the report here.
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Capital One Financial grant share with metaverse as a theme is 45% in Q4 2023. Grant share is based on the ratio of number of grants to total number of patents.
Recent Patents
Application: Optimized exchange rates based on user profiles (Patent ID: US20230419356A1)
The patent filed by Capital One Financial Corp. describes a system and method for determining user-specific exchange rates for converting program points to virtual points in a gaming platform. The system involves obtaining user profiles, determining propensity scores using machine learning models, and calculating exchange rates based on the propensity scores. The exchange rates are specific to individual users and games, optimizing the conversion process and incentivizing users to exchange their program points for virtual points. The system also considers factors such as release dates, acquisition dates, and acceptance rates to determine the exchange rates accurately.
Additionally, the system allows for the determination of different exchange rates for multiple games associated with the gaming platform, based on individual user profiles. The method involves providing a user interface to display exchange rates and receiving indications of exchanges initiated by users. By utilizing machine learning models trained on user profiles and memory usage data, the system aims to provide personalized and optimized exchange rates that encourage users to convert their program points to virtual points efficiently. The patent also covers the storage of instructions on a computer-readable medium to facilitate the implementation of the system on devices.
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GlobalData Patent Analytics tracks bibliographic data, legal events data, point in time patent ownerships, and backward and forward citations from global patenting offices. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
