Biometric risk management

Abstract

The present invention provides methods and systems for managing Risk by associating a biometric profile with other data relevant to a Risk subject. Computerized systems can receive informational data that relates generally to Risk variables and relate the information to known biometric profiles. Compiled information can be situated and conveyed to a compliance department and be able to demonstrate to regulators that a financial institution has met standards relating to Risk containment.

1 .- 20 . (canceled) 
     
     
         21 . A processor-implemented method for managing risk, the method comprising:
 receiving, at a risk management computer system, a risk inquiry for a financial transaction, the inquiry including biometric input of a person conducting the financial transaction and transaction information;   receiving, from a risk management clearinghouse, biometric profile data and risk information associated with the biometric input;   performing analysis, using the risk management computer system, to identify relationships between the biometric input, the biometric profile data, the risk information, and the transaction information;   generating, using the risk management computer system, a risk report for the transaction based on the performed analysis and the relationships, wherein information that would violate a prevailing law or regulation is excluded from the risk report;   creating a due diligence record that includes the risk report and documentation of the performed analysis; and   transmitting the risk report in response to the inquiry.   
     
     
         22 . The method of  claim 21  further comprising:
 calculating a quantitative risk quotient based on the analysis; and 
 including the quantitative risk quotient in the risk report. 
 
     
     
         23 . The method of  claim 21  wherein the risk inquiry further includes biometric input of one or more people in addition to the person conducting the financial transaction. 
     
     
         24 . The method of  claim 23  wherein at least one of the one or more additional people accompanies the person conducting the financial transaction and is not a party to the financial transaction. 
     
     
         25 . The method of  claim 21  wherein information is removed from the risk report prior to the transmitting to comply with contractual obligations. 
     
     
         26 . The method of  claim 21  wherein the biometric profile data and the risk information received from the risk management clearinghouse are associated with one or more sources including: United States (U.S.) Commerce Department, U.S. White House, Office of Foreign Assets Control (OFAC), Financial Action Task Force (FATF), U.S. adverse business-related media reports, U.S. regulatory enforcement actions, international regulatory enforcement actions, international adverse business-related media reports, a list of politically connected individuals and military leaders, a list of organized crime members and affiliates, and court records. 
     
     
         27 . The method of  claim 26  wherein the risk report includes one or more conclusions based, at least in part, on the one or more sources. 
     
     
         28 . The method of  claim 26  wherein the risk report includes identification of the one or more sources. 
     
     
         29 . The method of  claim 21  wherein the risk report indicates one or more of reputational risk and regulatory risk. 
     
     
         30 . The method of  claim 21  wherein the risk report includes a suggested action based on the analysis. 
     
     
         31 . The method of  claim 21  wherein the biometric input includes one or more of: a photo, an eye scan, a fingerprint, DNA information, a physiological geometry, and a voice print. 
     
     
         32 . The method of  claim 21  wherein the prevailing law or regulation is the Fair Credit Reporting Act (FCRA). 
     
     
         33 . A system for managing risk related to a financial transaction comprising:
 a memory containing machine-readable instructions; and   a computer processor in communication with the memory and configured to execute the instructions to:   receive a risk inquiry for the financial transaction including biometric input of a person conducting the financial transaction and transaction information;   receive, from a risk management clearinghouse, biometric profile data and risk information associated with the biometric input;   perform analysis to identify relationships between the biometric input, the biometric profile data, the risk information, and the transaction information;   generate a risk report for the transaction based on the analysis and the relationships, wherein the risk report includes a quantitative risk quotient and does not include information that would violate a prevailing law or regulation;   update due diligence records to include the risk report and documentation of the performed analysis; and   transmit the risk report in response to the inquiry.   
     
     
         34 . The system of  claim 33  wherein the biometric profile data and the risk information received from the risk management clearinghouse are associated with one or more sources including: United States (U.S.) Commerce Department, U.S. White House, Office of Foreign Assets Control (OFAC), Financial Action Task Force (FATF), U.S. adverse business-related media reports, U.S. regulatory enforcement actions, international regulatory enforcement actions, international adverse business-related media reports, a list of politically connected individuals and military leaders, a list of organized crime members and affiliates, and court records. 
     
     
         35 . The system of  claim 34  wherein the risk report includes one or more conclusions based, at least in part, on the one or more sources. 
     
     
         36 . The system of  claim 34  wherein the risk report includes identification of the one or more sources. 
     
     
         37 . The system of  claim 33  wherein the risk report includes a suggested action based on the analysis. 
     
     
         38 . The system of  claim 33  wherein the biometric input includes one or more of: a photo, an eye scan, a fingerprint, DNA information, a physiological geometry, and a voice print. 
     
     
         39 . The system of  claim 33  wherein the prevailing law or regulation is the Fair Credit Reporting Act (FCRA). 
     
     
         40 . A non-transitory computer-readable medium comprising a plurality of machine-executable instructions that, when executed by one or more computer processors, direct the one or more computer processors to:
 receive a risk inquiry for a financial transaction including biometric input of a person conducting the financial transaction and transaction information;   receive, from a risk management clearinghouse, biometric profile data and risk information associated with the biometric input;   perform analysis to identify relationships between the biometric input, the biometric profile data, the risk information, and the transaction information;   generate a risk report for the transaction based on the analysis and the relationships, wherein the risk report includes a quantitative risk quotient;   modify the risk report by removing information that would violate a prevailing law or regulation;   create electronically stored due diligence documentation for the transaction that includes the risk report and the performed analysis; and   transmit the modified risk report in response to the inquiry.