Patent ID: 11915260
Assignee: CAPITAL ONE SERVICES, LLC
Field: IT methods for management (Electrical engineering)
Classification: CPC G | IPC G

Claim 9:
10. A computer arrangement, comprising:
a processor; and
a memory containing executable instructions,
wherein, upon execution of the executable instructions, the processor is configured to perform procedures comprising:
receiving first information related to a first financial account associated with the person;
receiving a first transaction history associated with the first financial account;
applying a machine learning procedure to analyze multiple transaction histories of multiple other users having similar characteristics to the person;
generating a machine learning model from applying the machine learning procedure, wherein the machine learning model comprises multiple factors including income level, types of travel, types of purchases, and demographic information;
applying the machine learning model to the first transaction history to determine a likely future spend including categories associated with the spend;
applying the machine learning model to determine an accuracy for the likely future spend by reviewing an actual spend by the person after a time period has passed;
updating the machine learning model to increase the accuracy for the likely future spend;
determining a benefit associated with the first financial account;
initiating an Application Program Interface (API) call with a travel account associated with the person;
determining if the benefit was used by person based on the API call;
determining rewards information based on the determination of whether the benefit was used; and
providing a financial account recommendation to the person to switch to a further financial account based on the rewards information and the likely future spend.