Invention Grant
- Patent Title: System and method for performing signal processing and dynamic analysis and forecasting of risk of third parties
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Application No.: US15331243Application Date: 2016-10-21
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Publication No.: US10339484B2Publication Date: 2019-07-02
- Inventor: Pradeep Pai , Andrea Urban , Lawrence Raff , James Schneider
- Applicant: KPMG LLP
- Applicant Address: US NY New York
- Assignee: KPMG LLP
- Current Assignee: KPMG LLP
- Current Assignee Address: US NY New York
- Agency: Dentons US LLP
- Main IPC: G06Q10/06
- IPC: G06Q10/06 ; G06Q10/08

Abstract:
A system and process for forecasting third party disruption that uses a complex computerized network map as part of a risk model may be used to analyze risk for third parties. A number of risk factors or nodes of the map may include a wide range of risks (e.g., corruption) that have an impact on third parties in a geographic region. A baseline risk level may be established by scoring underlying risk measures for respective geographic regions. By executing the risk model using dynamic signal processing in a near real-time manner and considering impact, velocity, likelihood, and interconnectedness of risk factors and the diffusion of risk across a network, potential third party disruption and/or vulnerability can be forecasted.
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