Toronto-Dominion Bank had 14 patents in artificial intelligence during Q3 2023. The Toronto-Dominion Bank has filed several patents during Q3 2023. One patent is for an ambient commerce system that uses sensors to detect engagement with restricted items and determine eligibility for acquisition. Another patent is for a recommendation system that generates item recommendations based on user and item embeddings. A predictive context aware system is also described, which tracks customer attributes and provides solutions based on predictive machine learning models. Additionally, there is a patent for a computer device that captures and analyzes profile data to provide dynamic recommendations. Lastly, an online system trains a transformer architecture without normalization layers, improving computational efficiency. GlobalData’s report on Toronto-Dominion Bank gives a 360-degreee view of the company including its patenting strategy. Buy the report here.

Toronto-Dominion Bank grant share with artificial intelligence as a theme is 43% in Q3 2023. Grant share is based on the ratio of number of grants to total number of patents.

Recent Patents

Application: Restricted item eligibility control at ambient commerce premises (Patent ID: US20230274281A1)

The patent filed by The Toronto-Dominion Bank describes an ambient commerce system that includes a sensor, a processor, and a memory. The system is designed to detect when an individual engages with a restricted item, identify the individual, obtain a portion of their profile, determine their eligibility to acquire the restricted item based on their profile, and generate a notification on their electronic device accordingly. The system can also detect engagement by detecting a dwell at a region associated with the restricted item or by determining that the restricted item has been added to a shopping receptacle. The notification generated can indicate either the individual's eligibility or ineligibility to purchase the restricted item. If eligible, the notification can prompt for a secondary identity input, such as a fingerprint or voice input, which can be compared to a voiceprint associated with the individual. Additionally, the system can trigger an offer associated with the restricted item if the individual is eligible. The profile for the individual can be obtained from a financial institution system, and the restricted item can be an age-restricted item.

In summary, the patent describes an ambient commerce system that uses sensors, a processor, and a memory to detect engagement with restricted items, identify individuals, determine their eligibility based on their profile, and generate notifications on their electronic devices. The system can detect engagement through dwell time or by detecting the addition of the restricted item to a shopping receptacle. Notifications can indicate eligibility or prompt for a secondary identity input, such as a fingerprint or voice input. The system can also trigger offers associated with the restricted item and obtain individual profiles from a financial institution system. The restricted item can be an age-restricted item.

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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.