Patent ID: 11869068
Assignee: WELLS FARGO BANK, N.A.
Field: IT methods for management (Electrical engineering)
Classification: CPC G  H | IPC G  H

Claim 0:
1. A method of making an event-based automatic transaction on behalf of a user, the method comprising:
receiving, by a financial institution computing system, an event message comprising information about an event;
determining, by the financial institution computing system from the event message, and based on a plurality of information sources comprising a plurality of news information sources independent of a particular physical location, a probability of the event occurring, the probability being based on a predetermined percentage of news information sources indicating that the event is going to occur or is occurring;
in response to the probability of the event occurring satisfying a predetermined threshold corresponding to the predetermined percentage, determining, by the financial institution computing system from the event message, a location impacted by the event;
determining, by the financial institution computing system, a location of the user; and
in response to determining that the location of the user is proximate to the location impacted by the event, initiating, automatically by the financial institution computing system, a transaction with a mobile banking client application linked to an authorized financial account on behalf of the user, the authorized financial account being associated with the user and provided by the financial institution computing system.