Chime Financial. has been granted a patent for an event bus system that generates and distributes network events using a data streaming platform. The system includes a batch distribution data lake for high-latency requests and an event fanning platform for low-latency data streams, optimizing event retrieval based on latency thresholds. GlobalData’s report on Chime Financial gives a 360-degree view of the company including its patenting strategy. Buy the report here.
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According to GlobalData’s company profile on Chime Financial, Virtual banking assistant was a key innovation area identified from patents. Chime Financial's grant share as of June 2024 was 38%. Grant share is based on the ratio of number of grants to total number of patents.
Event bus system for generating and distributing network events
The granted patent US12040933B2 outlines a system and method for managing network events through a combination of a batch distribution data lake and an event fanning platform. The system utilizes at least one processor and a non-transitory computer-readable medium to execute instructions that facilitate the generation of a data lake containing a multitude of network events sourced from a global data stream. It employs an event fanning platform to extract and create low-latency data streams from these network events. The system is designed to assess the latency of self-service event requests and, based on a predefined threshold, select the appropriate source for the requested network event—either from the data lake for higher latency events or from the fanning platform for lower latency events.
Additionally, the patent details various functionalities, including the ability to generate consumer application data streams tailored to specific self-service requests, perform access control checks, and modify event fanning configurations based on incoming requests. The system can also handle scenarios where requested network events are not present in the global data stream, allowing for dynamic adjustments to the event fanning configurations. Overall, the patent emphasizes a structured approach to efficiently manage and deliver network event data while ensuring low latency and adaptability to user requests.
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GlobalData Patent Analytics tracks bibliographic data, legal events data, point in time patent ownerships, and backward and forward citations from global patenting offices. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
