Royal Bank of Canada had 12 patents in cybersecurity during Q3 2023. The Royal Bank of Canada has filed two patents during Q3 2023. The first patent is for a computer system and method that allows for the automatic population of electronic payment credentials. This system involves receiving a browser extension activation input, sending a payment details request message to a financial institution system, receiving payment details from the financial institution system after authentication on a mobile device, and populating a payment form on the browser using the payment details. The second patent is for systems and methods that monitor suspicious communication network traffic. This involves obtaining data associated with communication events, determining an entropy approximation measure, generating a threat prediction value based on an anomaly classification model and the entropy approximation measure, and transmitting a signal to communicate a potential threat within the communication network. GlobalData’s report on Royal Bank of Canada gives a 360-degreee view of the company including its patenting strategy. Buy the report here.

Royal Bank of Canada grant share with cybersecurity as a theme is 50% in Q3 2023. Grant share is based on the ratio of number of grants to total number of patents.

Recent Patents

Application: System and method for secure web service access control (Patent ID: US20230252463A1)

The patent filed by the Royal Bank of Canada describes a computer system and method for populating electronic payment credentials. The system includes a processor and memory that store instructions for executing the method. The method involves receiving a browser extension activation input, sending a payment details request message to a financial institution system, receiving payment details from the financial institution system after authentication on a mobile device, and populating a payment form on the browser using the payment details. The financial institution system provides dynamic credentials that are combined with pre-populated tokenized credentials for automatic entry into the payment form.

The claims of the patent describe a system for generating a graphical user interface overlay to render a hybrid web page in conjunction with a browser rendering engine. The system includes a computer processor and memory. The processor is configured to receive a tokenized version of payment credential information from a backend server, intercept webpage rendering inputs or outputs from the browser rendering engine, determine a checkout state, render the graphical user interface overlay on a merchant webpage, transmit a payment request message to the backend server for dynamic payment credentials, and insert payment fields based on a combination of the tokenized version and dynamic payment credentials.

The method for generating the graphical user interface overlay involves receiving the tokenized version of payment credential information from the backend server, intercepting webpage rendering inputs or outputs, determining a checkout state, rendering the graphical user interface overlay on a merchant webpage, transmitting a payment request message to the backend server for dynamic payment credentials, and inserting payment fields based on a combination of the tokenized version and dynamic payment credentials.

Overall, the patent describes a system and method for seamlessly populating payment forms with dynamic payment credentials obtained from a financial institution system. The system includes a graphical user interface overlay that works in conjunction with a browser rendering engine to provide a hybrid web page for payment processing. The method involves receiving, intercepting, determining, rendering, transmitting, and inserting payment information based on tokenized and dynamic payment credentials.

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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.