FMR had six patents in digitalization during Q1 2024. FMR LLC filed patents in Q1 2024 for methods to detect actionable transaction risks by evaluating event groups and distances, as well as for disambiguating unrecognized abbreviations in search queries using machine learning to generate replacement words for improved search results. GlobalData’s report on FMR gives a 360-degree view of the company including its patenting strategy. Buy the report here.

FMR grant share with digitalization as a theme is 66% in Q1 2024. Grant share is based on the ratio of number of grants to total number of patents.

Recent Patents

Application: Automated event risk assessment systems and methods (Patent ID: US20240070672A1)

The patent filed by FMR LLC describes a computer-implemented method for detecting actionable transaction risks. The method involves grouping inbound events related to transactions, determining high-risk actionable events and low-risk non-actionable events, and evaluating the target event group based on distances calculated between the target group and the actionable and non-actionable groups. By comparing these distances, the method determines if the target event group, including the inbound event, is closer to the actionable or non-actionable group, aiding in risk assessment and decision-making.

Furthermore, the patent includes claims detailing the steps involved in the method, such as parsing inbound events into features, augmenting features with additional descriptions, and monitoring events in real-time to determine their actionality. The method utilizes joint entropy and mutual information values to assess the uncertainty and dependence between event groups, allowing for accurate risk detection. By categorizing events based on historical adjudications and real-time monitoring, the method provides a comprehensive approach to identifying actionable transaction risks and enhancing transaction security.

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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.