$GTCH the company filed a non-provisional patent application for systems and methods of a financial software application for a secured, AI controlled credit card management system. The application was filed on January 26, 2022 and assigned serial number 17584427.
The concept consists of a web and mobile application that are based on GBT’s patented database management method and empowered by its Artificial Intelligence technology. The goal of the patent application is to protect a software application concept that would automatically characterize and prioritize consolidation of different credit cards into one card, creating one large line of credit.
The patent application seeks to protect intellectual property (IP) with the goal of evaluating the best financial aspects of each of the user’s credit card account and automatically select the user’s best card to be used. Among these aspects are lowest interest rates, membership fees, cash advances, line of credit, gift certificates and more reward programs. GBT believes that such system can be an efficient financial assistant for individuals and corporations, ensuring user’s best financial interests using credit systems. The company plans to expand its research and development in this domain during 2022.
“The credit card market world is wild today. There are numerous credit cards choices, each offers different interest rate, benefits and a wide variety of rewarding programs. It is a tricky task to decide which credit card to use and for which type of charges. We are in process of developing an AI controlled, credit card management system to automatically assist users with their credit cards transactions. The invention aims to automatically prioritize and characterize user’s credit cards according to their characteristics.
The goal of the technology is to rank a user’s credit cards profile according to their attributes among them are interest rate, reward programs and similar. In turn, it is designed to use the one with the highest rank to execute the desired charge(s), constantly ensuring the user’s best financial interest. We filed a non-provisional patent to protect the concept of a smart “Financial Manager” that helps users with credit lines monetary decisions, always ensuring their best interest. We find this topic an intriguing opportunity for our technology to be implemented within the financial domain and intend to further explore its horizons in the near future,” stated Danny Rittman, GBT’s CTO.
The concept consists of a web and mobile application that are based on GBT’s patented database management method and empowered by its Artificial Intelligence technology. The goal of the patent application is to protect a software application concept that would automatically characterize and prioritize consolidation of different credit cards into one card, creating one large line of credit.
The patent application seeks to protect intellectual property (IP) with the goal of evaluating the best financial aspects of each of the user’s credit card account and automatically select the user’s best card to be used. Among these aspects are lowest interest rates, membership fees, cash advances, line of credit, gift certificates and more reward programs. GBT believes that such system can be an efficient financial assistant for individuals and corporations, ensuring user’s best financial interests using credit systems. The company plans to expand its research and development in this domain during 2022.
“The credit card market world is wild today. There are numerous credit cards choices, each offers different interest rate, benefits and a wide variety of rewarding programs. It is a tricky task to decide which credit card to use and for which type of charges. We are in process of developing an AI controlled, credit card management system to automatically assist users with their credit cards transactions. The invention aims to automatically prioritize and characterize user’s credit cards according to their characteristics.
The goal of the technology is to rank a user’s credit cards profile according to their attributes among them are interest rate, reward programs and similar. In turn, it is designed to use the one with the highest rank to execute the desired charge(s), constantly ensuring the user’s best financial interest. We filed a non-provisional patent to protect the concept of a smart “Financial Manager” that helps users with credit lines monetary decisions, always ensuring their best interest. We find this topic an intriguing opportunity for our technology to be implemented within the financial domain and intend to further explore its horizons in the near future,” stated Danny Rittman, GBT’s CTO.
