Rakuten Group had eight patents in regtech during Q2 2024. Rakuten Group Inc filed patents for a fraud detection system that detects fraud in a service based on user feature information and result information from a different service. Another patent is for a credit determination system that accurately determines credit of a person by specifying relationships between individuals and determining credit based on closeness scores and information about reference persons. GlobalData’s report on Rakuten Group gives a 360-degree view of the company including its patenting strategy. Buy the report here.
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Rakuten Group had no grants in regtech as a theme in Q2 2024.
Recent Patents
Application: Fraud detection system, fraud detection method, and program (Patent ID: US20240211950A1)
The patent filed by Rakuten Group Inc. describes a fraud detection system that utilizes user feature information from one service and result information from another service to detect fraud. The system involves acquiring user identification information, result information from a different fraud detection engine, and detecting fraud in the first service based on this combined data. The system can adapt to different fraud detection engines, rules, learning models, and multiple services to enhance fraud detection capabilities.
Furthermore, the system can analyze confirmation information, determine the need to change fraud detection engines, and execute the change process accordingly. It also focuses on timely fraud detection within a predetermined period and can assess the detectability of fraud in the second service by a different fraud detection engine. The system is domain-specific, can be applied to electronic payment services, and is designed to improve fraud detection efficiency and accuracy across various services and detection methodologies.
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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.
