Toronto-Dominion Bank had 83 patents in digitalization during Q1 2024. The Toronto-Dominion Bank has filed patents for a server system that analyzes historical data transfers to determine affordability, a method using a distributed ledger to constrain simultaneous updates to reference data, a method for managing electronic document approvals, a system for providing notifications about expected transfers, and a method for generating product recommendations based on social media data and stored value information. GlobalData’s report on Toronto-Dominion Bank gives a 360-degree view of the company including its patenting strategy. Buy the report here.

Toronto-Dominion Bank grant share with digitalization as a theme is 62% in Q1 2024. Grant share is based on the ratio of number of grants to total number of patents.

Recent Patents

Application: System and method for generating data transfer recommendations (Patent ID: US20240104526A1)

The patent filed by The Toronto-Dominion Bank describes a server computer system that analyzes historical data transfers within resource accounts to generate a data budget. When a data transfer request is received, the system determines the affordability based on the data budget and provides recommendations to afford the transfer. These recommendations can include combining resources from multiple accounts, using loyalty points, or increasing account limits. The system can also send notifications to users with recommendations and selectable options to complete the transfer.

The server computer system also includes features such as modifying graphical user interfaces to display transfer details, analyzing transfer requests for affordability, and providing selectable options for users to accept recommendations. The method described in the patent involves receiving data transfer requests, generating affordability recommendations, and displaying notifications with selectable options on computing devices. The patent aims to provide users with personalized recommendations to afford data transfers, including options to use multiple accounts, loyalty points, or reduce spending. Additionally, the system can remind users to eliminate unnecessary transfers from their data budget.

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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.