US20110131125A1 - Correspondent Bank Registry - Google Patents
Correspondent Bank Registry Download PDFInfo
- Publication number
- US20110131125A1 US20110131125A1 US13/020,709 US201113020709A US2011131125A1 US 20110131125 A1 US20110131125 A1 US 20110131125A1 US 201113020709 A US201113020709 A US 201113020709A US 2011131125 A1 US2011131125 A1 US 2011131125A1
- Authority
- US
- United States
- Prior art keywords
- certification
- information
- risk management
- additionally
- receiving
- Prior art date
- Legal status (The legal status is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the status listed.)
- Abandoned
Links
Images
Classifications
-
- G—PHYSICS
- G06—COMPUTING; CALCULATING OR COUNTING
- G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
- G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
- G06Q40/02—Banking, e.g. interest calculation or account maintenance
-
- G—PHYSICS
- G06—COMPUTING; CALCULATING OR COUNTING
- G06F—ELECTRIC DIGITAL DATA PROCESSING
- G06F21/00—Security arrangements for protecting computers, components thereof, programs or data against unauthorised activity
- G06F21/50—Monitoring users, programs or devices to maintain the integrity of platforms, e.g. of processors, firmware or operating systems
- G06F21/57—Certifying or maintaining trusted computer platforms, e.g. secure boots or power-downs, version controls, system software checks, secure updates or assessing vulnerabilities
- G06F21/577—Assessing vulnerabilities and evaluating computer system security
-
- G—PHYSICS
- G06—COMPUTING; CALCULATING OR COUNTING
- G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
- G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
-
- G—PHYSICS
- G06—COMPUTING; CALCULATING OR COUNTING
- G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
- G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
- G06Q40/03—Credit; Loans; Processing thereof
-
- G—PHYSICS
- G06—COMPUTING; CALCULATING OR COUNTING
- G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
- G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
- G06Q40/04—Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
-
- G—PHYSICS
- G06—COMPUTING; CALCULATING OR COUNTING
- G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
- G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
- G06Q40/06—Asset management; Financial planning or analysis
-
- G—PHYSICS
- G06—COMPUTING; CALCULATING OR COUNTING
- G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
- G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
- G06Q40/08—Insurance
-
- G—PHYSICS
- G06—COMPUTING; CALCULATING OR COUNTING
- G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
- G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
- G06Q40/10—Tax strategies
Definitions
- This invention relates generally to a method and system for facilitating the identification, investigation, assessment and management of legal, regulatory, financial and reputational risks (“Risks”).
- the present invention relates to a computerized system and method for banks and non-bank financial institution to comply with “know your customer” requirements associated with a correspondent bank.
- Government regulations authorize a broad regime of record-keeping and regulatory reporting obligations on covered financial institutions as a tool for the federal government to use to fight drug trafficking, money laundering, and other crimes.
- the regulations may require financial institutions to file currency and monetary instrument reports and to maintain certain records for possible use in tax, criminal and regulatory proceedings.
- Such a body of regulation is designed chiefly to assist law enforcement authorities in detecting when criminals arc using banks and other financial institution as an intermediary for, or to hide the transfer of funds derived from criminal activity.
- sections 313 and 319(b) of the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT) Act of 2001 prohibit certain financial institutions from providing correspondent accounts to a foreign Shell Bank and requires financial institutions to take reasonable steps to ensure that a correspondent account provided to a foreign bank is not being used to indirectly provide banking services to foreign Shell Banks.
- section 319(b) of the USA PATRIOT Act adds a new subsection (k) to 31 U.S.C. 5318 which requires certain financial institutions that provide correspondent accounts to a foreign bank to maintain records of the foreign bank's owners and agent in the United States designated to accept service of legal process.
- the USA PATRIOT Act provides that a covered financial institution shall not establish, maintain, administer, or manage a correspondent account in the United States for, or on behalf of, a foreign bank that does not have a physical presence in any country (Shell Bank).
- the USA PATRIOT Act requires a covered financial institution to take reasonable steps to ensure that any correspondent account established, maintained, administered, or managed by the covered financial institution in the United States for a foreign bank is not being used by that foreign bank to indirectly provide banking services to a foreign Shell Bank that is not a regulated affiliate.
- Current regulations can require that a certification be established and maintained on a two year cycle.
- Bank and non-bank financial institutions including: an investment bank; a merchant bank; a securities firm, any insured bank (as defined in section 3(h) of the Federal Deposit Insurance Act (12 U.S.C. 1813(h)); a commercial bank or trust company; a private banker; a credit union; a thrill institution; broker dealers securities and commodities trading firms; asset management companies, hedge funds, mutual funds, credit rating funds, securities exchanges and bourses, institutional and individual investors, law firms, accounting firms, auditing firms, or any institution the business of which is engaging in financial activities as described in section 4(k) of the Bank Holding Act of 1956; may be subject to legal and regulatory obligations associated with the USA PATRIOT Act, hereinafter collectively referred to as “Financial Institution.” Financial Institutions typically have few resources available to them to assist in establishing and maintaining necessary records.
- PATRIOT ACT Establishing and maintaining certifications required under the USA PATRIOT ACT can be onerous to both a Financial Institution and to a foreign counterpart seeking to provide required information. Uncertainty can surround what the certification requirements are and how to properly fulfill them. Directions given by the U.S. Treasury Department estimate that a qualified person may take approximately twenty hours to properly generate a certification. This amount of work may need to be duplicated for each request from each respondent bank. In addition, there exists an increased likelihood of confusion, redundancy, inaccuracy and contradiction if different entities acting on behalf of a single correspondent bank provide certification to multiple respondent institutions.
- the present invention provides methods and systems for managing Risk related to a certification process through the utilization of a risk management clearinghouse (RMC).
- RMC risk management clearinghouse
- the present invention provides for a certification, such as the certification of a foreign correspondent bank addressing the USA PATRIOT Act, to be accomplished by receiving risk management certification information from a foreign bank and storing the information in a computer server.
- a request for particular certification information can be received and particular certification information can be transmitted according to the direction of the requestor and/or the provider of the information.
- Information transmitted can include, for example, certification materials.
- a RMC can receive a request to register certification information from an interested party or institution. Requests and information received can be docketed, if desired.
- a RMC can receive a request for guidance relating to providing certification and responding to the request.
- guidance can include ascertaining the completeness of certification information received or notifying appropriate parties of administrative obligations.
- Still another aspect can include receiving updated information relating to the certification and transmitting the updated information to appropriate parties.
- embodiments can also include requesting authorization to convey information supplied by a party, such as, for example, certification information, prior to conveying such information. Records of any conveyance of information, or other action taken can also be archived.
- Embodiments can also include receiving information descriptive of a risk management certification from an entity, such as a foreign bank, and a network address of a resource storing a risk management certification relating to the entity.
- the network address of the resource storing the risk management certification can be conveyed responsive to a request for information relating to the foreign bank, or other entity described by the risk management certification.
- Some embodiments can include receiving authorization from the entity to convey the network address.
- Embodiments can also include receiving notice of an updated risk management certification and a network address of a resource containing an updated risk management certification.
- Notice of the updated risk management certification and a network address of a resource containing the updated risk management certification can be transmitted or otherwise conveyed to one or more recipients.
- Notification of a renewal date can also be transmitted to one or more appropriate parties.
- inventions of the present invention can include a computerized system, executable software, or a data signal implementing the inventive methods of the present invention.
- the computer server can he accessed via a network access device, such as a computer.
- the data signal can be operative with a computing device, and computer code can be embodied on a computer readable medium.
- FIGS. 1 and 1 b illustrate block diagrams of some embodiments of the present invention.
- FIG. 2 illustrates a network of computer systems that can embody a correspondent bank registry.
- FIG. 3 illustrates a flow of exemplary steps that can be executed while implementing some embodiments of the present invention.
- FIG. 4 illustrates a flow of exemplary steps that can be executed while implementing other embodiments the present invention.
- FIG. 5 illustrates a flow of exemplary steps that can be executed while implementing updates in some embodiments the present invention.
- FIG. 6 illustrates a flow of exemplary steps that can be executed while implementing embodiments the present invention utilizing a designated network address to locate a resource.
- FIG. 7 illustrates a flow of additional exemplary steps that can be executed while implementing embodiments the present invention utilizing a designated network address to locate a resource.
- FIG. 8 illustrates an exemplary graphical user interface that can implement various aspects of the present invention.
- FIG. 9 illustrates an exemplary data structure that can be utilized to implement certain aspects of the present invention.
- the present invention includes a method and system for facilitating the transfer of information relating to risk management, such as, for example, information directed towards compliance with the USA PATRIOT Act and certification of a foreign correspondent bank.
- information relating to risk management such as, for example, information directed towards compliance with the USA PATRIOT Act and certification of a foreign correspondent bank.
- a foreign bank or other entity can provide a RMC with information relating to compliance with government requirements, or other information, and allow the RMC to convey to information in whole or in part to interested parties.
- Centralized distribution of certification related information can facilitate consistent and accurate compliance with government related requirements.
- an RMC system 106 can facilitate an exchange of information required to manage risk associated with a foreign bank 101 - 103 and regulated affiliate 104 .
- an RMC system 106 can act as a registry of information required for certification of a foreign correspondent bank according to risk management procedures, such as, for example, procedures required to meet obligations set forth by the USA PATRIOT Act.
- the RMC system 106 can receive and maintain certifications 105 responsive to the risk management procedures and make the certifications 105 available to one or more Financial Institutions 107 , government entities, or other Subscriber 108 or interested party.
- the certifications 105 can he useful to manage risk by fulfilling obligations set forth in the USA PATRIOT Act for a Financial Institution 107 acting as a respondent bank to a foreign correspondent bank.
- a “Shell Bank” can include a foreign hank 101 - 103 without a physical presence in any country.
- a physical presence can be a place of business that is maintained by a foreign bank 101 - 103 and is located at a fixed address, other than solely an electronic address, in a country in which the foreign bank 101 - 103 is authorized to conduct banking activities.
- a “Correspondent Account”, with respect to a Financial Institution 107 can be an account established to receive deposits from, make payments on behalf of a foreign Financial Institution 107 , or handle other financial transactions related to such institution.
- a “Certification” 105 may be a compilation of information utilized by a Financial Institution 107 to assist the institution to manage risk related to dealing with a foreign Shell Bank.
- Certification 105 can include, among other things, documentation indicating that any Financial Institution 107 that maintains one or more correspondent accounts in the United States for a foreign bank 101 - 103 maintain records in the United States identifying the owner(s) of such foreign bank 101 - 103 and the name and address of a person who resides in the United States and is authorized to accept service of legal process for records regarding the correspondent account.
- a Certification 105 established with the RMC system 106 can state that a foreign hank 101 - 103 that maintains a correspondent account with a covered Financial Institution 107 certifies either that it is not a Shell Bank; that it is a Shell Bank that it is a regulated affiliate of a non-Shell Bank; or that it is a Shell Bank that is not a regulated affiliate. In the case that a Shell Bank is not a regulated affiliate, prevailing law may prohibit a covered Financial Institution 107 from establishing or maintaining a correspondent account with that foreign bank 101 - 102 .
- a RMC 106 can gather and collect information relating to a Financial institution's or other Financial Institution's procurement of information, for certification or otherwise.
- Information can be collected, for example, from public sources, such as government lists. Non-public information gathered by a subscriber 107 - 108 can also be collected and stored in a manner that will not violate prevailing law, such as, for example, in a Proprietary Risk Management Server 211 . In some cases, the information may support or contradict information provided by a certification, such as whether a bank 101 - 102 is a Shell Bank.
- a Financial Institution 107 may manage risk relating to correspondent accounts by ascertaining certain minimum information relating to the Financial Institution's 107 customers.
- a Financial Institution 107 may manage risk relating to correspondent accounts by certifying that it is not providing correspondent accounts to foreign Shell Banks and taking reasonable steps to ensure that a correspondent account provided to a foreign bank 101 - 103 is not being used to indirectly provide banking services to a foreign Shell Bank.
- Risk management procedures for a Financial Institution 107 that provides a correspondent account to a foreign bank 101 - 103 can include maintaining records relating to the foreign bank's 101 - 103 owners as well as records of an agent in the United States designated to accept service of legal process.
- Risk management procedures implemented by a Financial Institution 107 may dictate, for example, that the Financial Institution 107 should not establish, maintain, administer, or manage a correspondent account in the United States for, or on behalf of Shell Bank.
- the risk management procedures may include taking reasonable steps to ensure that any correspondent account established, maintained, administered, or managed by a covered Financial Institution 107 in the United States for a foreign bank 101 - 103 is not being used by that foreign hank 101 - 103 to indirectly provide banking services to a foreign Shell Bank that is not a regulated affiliate.
- a foreign bank 101 - 103 can certify, such as, for example, to the RMC 106 , that it is not a Shell Bank. Risk management procedures can require that the RMC receive certification specifying a physical address for the foreign bank 101 - 103 and a regulator for the foreign bank 101 - 103 . If a foreign bank 101 - 103 certifies that it is a regulated affiliate, the foreign bank 101 - 103 can be required to specify a name and address of a non-Shell Bank with which the foreign bank 101 - 103 is affiliated and a regulator for the non-Shell Bank and the regulated affiliate. Certification information received by the RMC 106 can be stored and organized for expeditious delivery to an interested party authorized by parties involved to receive the information.
- a foreign hank 101 - 103 can also certify either that it does not provide banking services to any foreign Shell Bank, other than a regulated affiliate; or that it provides banking services to a foreign Shell Bank but will not use any of the correspondent accounts with a U.S. Financial Institution 107 to provide banking services to any foreign Shell Bank, other than a regulated affiliate.
- a foreign bank 101 - 103 can certify the identity of its owner(s) and include street addresses, as well as the identity and address of its agent for service of legal process in the United States.
- a foreign bank 101 - 103 can also certify that it will notify each Financial Institution 107 in the United States at which it maintains a correspondent account in writing within 30 calendar days of any change in facts or circumstances previously certified or contained in the annexes to the Certification 105 .
- the RMC system 106 can be utilized to effect notice, of any change in facts or circumstances previously certified or contained in the annexes to the Certification 105 .
- notice can be accomplished via delivery of an electronic document, printing remotely, facsimile, or hardcopy generated and physically delivered.
- a RMC system 106 can also be utilized to notify appropriate parties of administrative obligations such as, for example, notice of a change in facts contained in a Certification 105 .
- Embodiments can also include providing a copy of any certifications 105 to the Secretary of the Treasury and the Attorney General of the United States, or their delegates.
- Risk management procedures can establish that reporting information required for Certification 105 is voluntary for a foreign banking institution 101 - 103 ; however, failure to provide information necessary to complete Certification 105 may preclude the establishment or continuation of correspondent accounts with the U.S. Financial Institution 107 .
- a subscriber 107 - 108 can include a Respondent Financial Institution 107 or other subscribing entity 108 , including, for example: a regulator, a money transfer agency, bourse, an institutional or individual investor, an auditing firm, a law firm, any institution the business of which is engaging in financial activities or other entity or institution who may be involved with a financial transaction or other business transaction or any entity subject to legal and regulatory compliance obligations with respect to money laundering, fraud, corruption, terrorism, organized crime, regulatory and suspicious activity reporting, sanctions, embargoes and other regulatory risks and associated obligations.
- a Respondent Financial Institution 107 or other subscribing entity 108 including, for example: a regulator, a money transfer agency, bourse, an institutional or individual investor, an auditing firm, a law firm, any institution the business of which is engaging in financial activities or other entity or institution who may be involved with a financial transaction or other business transaction or any entity subject to legal and regulatory compliance obligations with respect to money laundering, fraud, corruption, terrorism, organized crime, regulatory and
- Financial investments can include investment and merchant banking, public and private financing, commodities and a securities trading, commercial and consumer lending, asset management, rating of corporations and securities, public and private equity investment, public and private fixed income investment, listing to companies on a securities exchange and bourse, employee screening, auditing of corporate or other entities, legal opinions relating to a corporate or other entity, or other business related transactions.
- FIG. 1A illustrates a scenario wherein a respondent Financial Institution 107 or other subscriber 108 can receive a Certification 105 from one or more foreign banks or affiliates 101 - 104 via an RMC 106 .
- Certifications 105 registered with the RMC system 106 can be readily accessible to the respondent Financial Institution 107 or other subscriber 108 thereby facilitating collection of certifications 105 , wherein the respondent Financial Institution 107 is relieved of having to ascertain a correct person to contact within each foreign bank 101 - 104 from which it requires Certification 105 and coordinate receipt of each Certification 105 .
- the present invention can make it possible for the respondent Financial Institution 107 to only have to complete a single access to the RMC system 106 in order to receive multiple certifications 105 , each from a separate foreign hank 101 - 102 or from a non-shell Foreign Bank 103 and/or a regulated affiliate 104 .
- the Certification 105 can contain, information to assist a U.S. Financial Institution 107 comply with prevailing law regarding correspondent accounts and other regulations.
- Embodiments can include information that is received from a foreign bank 101 - 104 in any form that can accurately convey information necessary to complete the Certification 105 .
- information can he input into a graphical user interface (GUI), submitted via hard copy, facsimile, scanned image, or any other form of information conveyance.
- GUI graphical user interface
- the RMC system 106 can store the Certification 105 and convey it upon request.
- Certification 105 information can be retrieved by a respondent Financial Institution 107 or other subscriber 108 using any available mechanism for conveying information, including, but not limited to: scanned image, database record retrieval, text file, facsimile, hard copy, data stored on a computer readable medium, or other mechanism.
- FIG. 1B is related to FIG. 1A and more clearly illustrates a scenario wherein a correspondent Foreign Bank 101 seeking to open a correspondent account can convey a Certification 105 to one or more respondent Financial Institutions 107 and 109 or other subscriber 108 .
- the correspondent Foreign Bank 101 can transmit information relating to the certification 105 to the RMC system 106 .
- the RMC system 106 can store the information and generate a certification 105 and convey it to a respondent Financial Institution 107 and 109 or other subscriber 108 upon request of the correspondent Foreign Bank 101 or the Financial Institution 107 and 109 or other subscriber 108 .
- Embodiments can also include transmission of a completed certification 105 to the RMC system 106 , such as an image documents comprising the certification 105 .
- the completed certification 105 can then be transmitted by the RMC system 106 to a Financial Institution 107 and 109 or other subscriber 108 .
- An automated RMC system 106 can include a computerized RMC server 210 accessible via a distributed network 201 such as the Internet, or a private network.
- a user 206 - 209 can use a computerized system or network access device 202 - 205 to receive, input, transmit or view information processed in the RMC server 210 .
- a protocol such as, for example, the transmission control protocol internet protocol (TCP/IP) can be utilized to provide consistency and reliability.
- TCP/IP transmission control protocol internet protocol
- a proprietary risk management (PRM) server 211 can access the RMC server 210 via the network 201 or via a direct link 213 , such as a T1 line, digital subscriber line (DSL), or other high speed pipe.
- the PRM server 211 can in turn be accessed by an affiliated user via a system access device 202 - 205 and a communications network 201 , such as a local area network, or other private network, or even the Internet, if desired.
- any function or reference to an RMC server 210 can also include a PRM server 211 , except that the PRM server 211 may be more appropriate to store and access proprietary information that will not be shared outside of an organization except as allowed by prevailing applicable law.
- a PRM server 211 may he utilized to calculate risk quotients or other subjective valuations which an RMC server 210 may be limited from doing by an RMC 106 provider.
- a system access device 202 - 205 used to access the RMC server 210 can include a processor, memory and a user input device, such as a keyboard and/or mouse, and a user output device, such as a display screen and/or printer.
- the system access devices 202 - 205 can communicate with the RMC server 210 to access data and programs stored at the respective RMC server 210 .
- a system access device 202 - 205 may interact with the RMC server 210 as if the RMC server 210 were a single entity in the network 200 .
- the RMC server 210 may include multiple processing and database sub-systems, such as cooperative or redundant processing and/or database servers that can be geographically dispersed throughout the network 200 .
- the RMC server 210 can include one or more databases 212 storing data relating to risk management, and in particular to certification of a foreign bank 101 - 103 or affiliate 104 , including, for example, docketing information and programming capable of tracking relative dates and entities involved. Information relating to and included in gathered certifications can be aggregated into a searchable data storage structure. Gathering data into an aggregate data structure 212 , such as a data warehouse, allows a RMC system 106 to have the data readily available for processing a risk management search associated with a Correspondent Bank 101 - 104 certification. Aggregated data 212 can also be scrubbed or otherwise enhanced to aid in searching.
- data scrubbing can be utilized to implement a data warehouse comprising the aggregate data structure 212 .
- Data scrubbing can be utilized to store information in a manner that gives efficient access to pertinent data. Scrubbing can facilitate expedient access to data commensurate with business decisions that will be based upon Risk management assessment provided.
- Various data scrubbing routines can be utilized to facilitate aggregation of Risk variable related information.
- the routines can include programs capable of correcting a specific type of mistake, such as an incomprehensible address, or clean up a full spectrum of commonly found database flaws, such as field alignment or misplaced data and move it to a correct field, or removing inconsistencies and inaccuracies from like data.
- Other scrubbing routines can be directed directly towards specific legal issues, such as money laundering or terrorist tracking activities.
- a scrubbing routine can be used to facilitate various different spelling of one name.
- spelling of names can be important when names have been translated from a foreign language into English.
- a data scrubbing routine can facilitate risk variable searching for multiple spellings of an equivalent name or other important information.
- Such a routine can help correct database flaws. Accordingly, scrubbing routines can improve and expand data quality more efficiently than manual mending and also allow a subscriber 107 - 109 to quantify best practices for regulatory purposes.
- a user 206 - 209 will access the RMC server 210 using client software executed at a system access device 202 - 205 .
- the client software may include a generic hypertext markup language (HTML) browser, such as Netscape Navigator or Microsoft Internet Explorer, (a “WEB browser”).
- HTML hypertext markup language
- WEB browser a generic hypertext markup language
- the client software may also be a proprietary browser, and/or other host access software.
- an executable program such as a JavaTM program, may be downloaded from the RMC server 210 to the system access device 202 - 205 and executed at the system access device 202 - 205 as part of RMC risk management software.
- Other implementations include proprietary software installed from a computer readable medium, such as a CD ROM.
- the invention may therefore be implemented in digital electronic circuitry, computer hardware, firmware, software, or in combinations of the above.
- Apparatus of the invention may be implemented in a computer program product tangibly embodied in a machine-readable storage device for execution by a programmable processor; and method steps of the invention may be performed by a programmable processor executing a program of instructions to perform functions of the invention by operating on input data and generating output.
- a request to register a risk management certification with the RMC system 106 can be received, such as, for example, via an electronic communication, facsimile, hardcopy, or voice call.
- the RMC system 106 can convey the certification materials to the entity that wishes to register or the entity's agent.
- the materials can be conveyed, for example, via electronic file transfer, e-mail, facsimile, hardcopy, voice communication or other communications vehicle.
- An exemplary certification that may currently be useful to address obligations incurred under the USA PATRIOT Act is attached hereto as Appendix A.
- an RMC system 106 may receive a request for guidance in providing the certification materials.
- Guidance may be necessary, for example, to interpret obligations relating to what needs to be certified in order to comply with various regulatory requirements, such as those set forth in the USA PATRIOT Act and the relative complexity of some information that may need interpretation.
- An owner can mean any person who is a large direct owner, an indirect owner, and certain small direct owners.
- a person can mean any individual, bank, corporation, partnership, limited liability company, or any other legal entity, except that members of the same family shall be considered one person; and voting shares or other voting interests means shares or other interests that entitle the holder to vote for or select directors (or individuals exercising similar functions).
- the USA PATRIOT Act indicates that a small direct owner may or may not need to be reported depending on whether two or more small direct owners in the aggregate own 25 percent or more of the voting securities or interests of the foreign bank and are owned by the same indirect owner.
- a large direct owner of a foreign bank can be a person who owns, controls, or has power to vote 25 percent or more of any class of voting securities or other voting interests of the foreign bank; or controls in any manner the election of a majority of the directors (or individuals exercising similar functions) of the foreign bank. The identity of each large direct owner is subject to reporting.
- an indirect owner is any person in the ownership chain of any large direct owner who is not majority-owned by another person. If any two or more small direct owners of a foreign bank in the aggregate own, control, or have power to vote twenty five percent or more of any class of voting securities or other voting interests of the foreign bank and are majority-owned by the same person, or by the same chain of majority-owned persons, the indirect owner can be any person in the ownership chain of the small direct owners who is not majority-owned by another person. Each indirect owner may be subject to reporting.
- Guidance relating to interpretation and compliance may be needed as each foreign institution attempts to properly and consistently provide certification to each U.S. Financial Institution with which the foreign institution has a correspondent banking relationship.
- Guidance and centralization offered by an RMC 106 can facilitate a cohesive certification and minimize confusion, redundancy, inaccuracy and contradictions that may result from multiple parties each interpreting and translating such guidelines on their own.
- the amount of resources and administration overhead associated with maintaining such records can be lessened by a centralized approach.
- guidance may be provided by the RMC system 106 via online documentation, artificial intelligence programs, online question and answer materials, live administrative assistance, referral to a third party or other manner of responding to the request for guidance.
- Some embodiments can include guidance that ascertains the completeness of certification information conveyed by a foreign bank 101 - 104 , such as, for example guidance as to whether entries have been set forth for all required inputs and a document has been properly executed where required. Electronic signatures may be sufficient in some embodiments to complete execution.
- Embodiments can also include a verification step which can independently research the veracity of information put forth in a certification.
- Other embodiments can convey any information put forth with no value judgment, research or other indication relating to the veracity or completeness of any information conveyed in a certification.
- the RMC system 106 can also receive a risk management certification and at 315 the certification can be stored in a retrievable data storage device.
- the information descriptive of or relating to the certification, as well as information descriptive of the entities involved can be docketed.
- the docket can be utilized to track critical dates, entities involved, contact information and the like.
- docketing can include parsing information contained in a Certification 105 and storing the parsed information in a database in order to facilitate analysis and docketing of the information.
- data can be configured to track dates relating to the certification, dates relating to actions taken, contact information, requests, authorizations and other pertinent information.
- Other embodiments can include docketing information descriptive of a Certification 105 .
- the RMC system 106 can notify interested parties of administrative obligations, such as the obligation to re-certify every two years for compliance with the USA PATRIOT Act.
- the RMC system 106 can receive updated information, such as information related to or otherwise comprising a certificate renewal and at 319 the updated certification information can be transmitted to interested parties.
- a RMC system 106 can login an RMC subscriber and at 411 the RMC system 106 can receive a request for a particular certification.
- the login can be accomplished in any manner that serves to identify the subscriber and allow for communication between the RMC system 106 and the subscriber, such as via login at a website or other electronic interface.
- the RMC system 106 can request authorization to convey the certification from a party designated to grant such authorization, such as a compliance officer for the foreign bank 101 - 104 for which the certification is requested.
- the RMC system 106 may receive a response to the request for authorization to convey the certification. At 413 a denial of required authorization can be received. Accordingly, at 415 the RMC system 106 can transmit a denial for the request of certification authorization. Alternatively, at 414 , the RMC system 106 may receive an approval for the request for authorization and at 416 transmit the certification to the requestor.
- a request for a certification can be archived, along with a related response.
- the RMC system 106 can also be utilized to generate one or more reports relating to a request for certification and associated action resultant to the request.
- Risk management information which can be updated can include certification information utilized to comply with the USA PATRIOT Act.
- a RMC system 106 can receive updated information, such as a change in contact information, change in ownership, change in agent to receive service of a subpoena or other change.
- the received updates can be docketed to facilitate in processing and at 512 , a list of recipients who are to receive the updates can be compiled.
- Recipients can include, for example, financial institutions or other subscribers 107 - 109 that have received a previous certification.
- updates can be transmitted or otherwise conveyed to the members included on the list of recipients.
- some embodiments of the present invention can include an RMC system 106 which does not actually receive risk management certification information, such as a certification to comply with the USA PATRIOT Act, but instead, at 610 receives a description of a certification 105 and a designated network address at which the certification can be accessed.
- a designated network address can include, for example, a TCP/IP address, a uniform resource locator, or any other identifying mechanism that can direct access to a particular network resource.
- the RMC system 106 can receive a request to convey a particular certification and at 612 the RMC system 106 can request authorization to convey the designated network address containing the particular certification.
- a denial or authorization of the request to convey the designated network address can be received.
- a denial of authorization is received and accordingly, at 615 the RMC can transmit a denial of the request for the certification.
- an approval granting authorization is received, and accordingly, at 616 the RMC system 106 can transmit or otherwise convey the designated network address at which the certification information can be accessed.
- a subscriber such as a respondent Financial Institution or other entity 107 - 109
- a respondent Financial Institution or other entity 107 - 109 can access a network resource located at the address conveyed by the RMC system 106 and at 713 receive the certification information.
- a portion of a display 801 can display information that relates to a respondent Financial institution, such as a U.S. Bank.
- Another portion of the display 802 can include information descriptive of a correspondent Foreign Bank 101 - 103 and any regulated subsidiaries 104 .
- Still another portion 803 can contain certification information.
- a portion 804 can also display instructions relating to how to obtain a certification 105 .
- the database 900 can include a field containing data descriptive of a respondent Financial Institution 901 as well as a field containing data descriptive of a correspondent institution 902 . Another field can hold data descriptive of a related certification 903 .
- certified hard copy documents can be gathered and scanned into the RMC system 106 such that the scanned image can be forwarded to a subscriber as appropriate.
- certification data stored with the RMC 106 can indicate an agent for legal service which can be utilized in conjunction with an electronic subpoena service to serve a subpoena.
Abstract
Description
- This application claims priority to U.S. Ser. No. 60/390,937 filed Jun. 24, 2002 and entitled “Correspondent Bank Registry”. This application is a continuation-in-part of a prior application entitled “Risk Management Clearinghouse” filed Apr. 4, 2002 and bearing the Ser. No. 10/074,583, as well as being a continuation-in-part of a prior application entitled “Risk Management Clearinghouse” filed Oct. 30, 2001, and bearing the Ser. No. 10/021,124, which is also a continuation-in-part of a prior application entitled “Automated Global Risk Management” filed Mar. 20, 2001; and bearing the Ser. No. 09/812,627, all of which are relied upon and incorporated by reference.
- This invention relates generally to a method and system for facilitating the identification, investigation, assessment and management of legal, regulatory, financial and reputational risks (“Risks”). In particular, the present invention relates to a computerized system and method for banks and non-bank financial institution to comply with “know your customer” requirements associated with a correspondent bank.
- As money-laundering and related concerns have become increasingly important public policy concerns, regulators have attempted to address these issues by imposing increasing formal and informal obligations upon financial institutions. Government regulations authorize a broad regime of record-keeping and regulatory reporting obligations on covered financial institutions as a tool for the federal government to use to fight drug trafficking, money laundering, and other crimes. The regulations may require financial institutions to file currency and monetary instrument reports and to maintain certain records for possible use in tax, criminal and regulatory proceedings. Such a body of regulation is designed chiefly to assist law enforcement authorities in detecting when criminals arc using banks and other financial institution as an intermediary for, or to hide the transfer of funds derived from criminal activity.
- Amongst other obligations,
sections 313 and 319(b) of the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT) Act of 2001 prohibit certain financial institutions from providing correspondent accounts to a foreign Shell Bank and requires financial institutions to take reasonable steps to ensure that a correspondent account provided to a foreign bank is not being used to indirectly provide banking services to foreign Shell Banks. In addition, section 319(b) of the USA PATRIOT Act adds a new subsection (k) to 31 U.S.C. 5318 which requires certain financial institutions that provide correspondent accounts to a foreign bank to maintain records of the foreign bank's owners and agent in the United States designated to accept service of legal process. - The USA PATRIOT Act, provides that a covered financial institution shall not establish, maintain, administer, or manage a correspondent account in the United States for, or on behalf of, a foreign bank that does not have a physical presence in any country (Shell Bank). In addition, the USA PATRIOT Act requires a covered financial institution to take reasonable steps to ensure that any correspondent account established, maintained, administered, or managed by the covered financial institution in the United States for a foreign bank is not being used by that foreign bank to indirectly provide banking services to a foreign Shell Bank that is not a regulated affiliate. Current regulations can require that a certification be established and maintained on a two year cycle.
- Bank and non-bank financial institutions, including: an investment bank; a merchant bank; a securities firm, any insured bank (as defined in section 3(h) of the Federal Deposit Insurance Act (12 U.S.C. 1813(h)); a commercial bank or trust company; a private banker; a credit union; a thrill institution; broker dealers securities and commodities trading firms; asset management companies, hedge funds, mutual funds, credit rating funds, securities exchanges and bourses, institutional and individual investors, law firms, accounting firms, auditing firms, or any institution the business of which is engaging in financial activities as described in section 4(k) of the Bank Holding Act of 1956; may be subject to legal and regulatory obligations associated with the USA PATRIOT Act, hereinafter collectively referred to as “Financial Institution.” Financial Institutions typically have few resources available to them to assist in establishing and maintaining necessary records.
- Establishing and maintaining certifications required under the USA PATRIOT ACT can be onerous to both a Financial Institution and to a foreign counterpart seeking to provide required information. Uncertainty can surround what the certification requirements are and how to properly fulfill them. Directions given by the U.S. Treasury Department estimate that a qualified person may take approximately twenty hours to properly generate a certification. This amount of work may need to be duplicated for each request from each respondent bank. In addition, there exists an increased likelihood of confusion, redundancy, inaccuracy and contradiction if different entities acting on behalf of a single correspondent bank provide certification to multiple respondent institutions.
- What is needed is a method and system to coordinate and administer the certification process. Compiled certification information should be situated in a known resource from which it can be conveyed to a compliance department or government entity and also be able to demonstrate to regulators that a Financial Institution has met standards relating to risk containment.
- Accordingly, the present invention provides methods and systems for managing Risk related to a certification process through the utilization of a risk management clearinghouse (RMC). The present invention provides for a certification, such as the certification of a foreign correspondent bank addressing the USA PATRIOT Act, to be accomplished by receiving risk management certification information from a foreign bank and storing the information in a computer server. A request for particular certification information can be received and particular certification information can be transmitted according to the direction of the requestor and/or the provider of the information. Information transmitted can include, for example, certification materials.
- In facilitating the risk management process, a RMC can receive a request to register certification information from an interested party or institution. Requests and information received can be docketed, if desired.
- In another aspect, a RMC can receive a request for guidance relating to providing certification and responding to the request. For example, in some embodiments, guidance can include ascertaining the completeness of certification information received or notifying appropriate parties of administrative obligations.
- Still another aspect can include receiving updated information relating to the certification and transmitting the updated information to appropriate parties. In addition, embodiments can also include requesting authorization to convey information supplied by a party, such as, for example, certification information, prior to conveying such information. Records of any conveyance of information, or other action taken can also be archived.
- Embodiments can also include receiving information descriptive of a risk management certification from an entity, such as a foreign bank, and a network address of a resource storing a risk management certification relating to the entity. The network address of the resource storing the risk management certification can be conveyed responsive to a request for information relating to the foreign bank, or other entity described by the risk management certification. Some embodiments can include receiving authorization from the entity to convey the network address.
- Embodiments can also include receiving notice of an updated risk management certification and a network address of a resource containing an updated risk management certification. Notice of the updated risk management certification and a network address of a resource containing the updated risk management certification can be transmitted or otherwise conveyed to one or more recipients. Notification of a renewal date can also be transmitted to one or more appropriate parties.
- Other embodiments of the present invention can include a computerized system, executable software, or a data signal implementing the inventive methods of the present invention. The computer server can he accessed via a network access device, such as a computer. Similarly, the data signal can be operative with a computing device, and computer code can be embodied on a computer readable medium.
- Various features and embodiments are further described in the following figures, drawings and claims.
-
FIGS. 1 and 1 b illustrate block diagrams of some embodiments of the present invention. -
FIG. 2 illustrates a network of computer systems that can embody a correspondent bank registry. -
FIG. 3 illustrates a flow of exemplary steps that can be executed while implementing some embodiments of the present invention. -
FIG. 4 illustrates a flow of exemplary steps that can be executed while implementing other embodiments the present invention. -
FIG. 5 illustrates a flow of exemplary steps that can be executed while implementing updates in some embodiments the present invention. -
FIG. 6 illustrates a flow of exemplary steps that can be executed while implementing embodiments the present invention utilizing a designated network address to locate a resource. -
FIG. 7 illustrates a flow of additional exemplary steps that can be executed while implementing embodiments the present invention utilizing a designated network address to locate a resource. -
FIG. 8 illustrates an exemplary graphical user interface that can implement various aspects of the present invention. -
FIG. 9 illustrates an exemplary data structure that can be utilized to implement certain aspects of the present invention. - The present invention includes a method and system for facilitating the transfer of information relating to risk management, such as, for example, information directed towards compliance with the USA PATRIOT Act and certification of a foreign correspondent bank. Generally, a foreign bank or other entity can provide a RMC with information relating to compliance with government requirements, or other information, and allow the RMC to convey to information in whole or in part to interested parties. Centralized distribution of certification related information can facilitate consistent and accurate compliance with government related requirements.
- Referring now to
FIG. 1 a block diagram of one embodiment of the present invention is illustrated. In addition to other services that anRMC system 106 may provide, such as those described in related documents, anRMC system 106 can facilitate an exchange of information required to manage risk associated with a foreign bank 101-103 andregulated affiliate 104. In some embodiments, anRMC system 106 can act as a registry of information required for certification of a foreign correspondent bank according to risk management procedures, such as, for example, procedures required to meet obligations set forth by the USA PATRIOT Act. TheRMC system 106 can receive and maintaincertifications 105 responsive to the risk management procedures and make thecertifications 105 available to one ormore Financial Institutions 107, government entities, orother Subscriber 108 or interested party. In particular, thecertifications 105 can he useful to manage risk by fulfilling obligations set forth in the USA PATRIOT Act for aFinancial Institution 107 acting as a respondent bank to a foreign correspondent bank. - For the purposes of this application, a “Shell Bank” can include a foreign hank 101-103 without a physical presence in any country. A physical presence can be a place of business that is maintained by a foreign bank 101-103 and is located at a fixed address, other than solely an electronic address, in a country in which the foreign bank 101-103 is authorized to conduct banking activities.
- A “Correspondent Account”, with respect to a
Financial Institution 107, can be an account established to receive deposits from, make payments on behalf of aforeign Financial Institution 107, or handle other financial transactions related to such institution. - A “Certification” 105 may be a compilation of information utilized by a
Financial Institution 107 to assist the institution to manage risk related to dealing with a foreign Shell Bank.Certification 105 can include, among other things, documentation indicating that anyFinancial Institution 107 that maintains one or more correspondent accounts in the United States for a foreign bank 101-103 maintain records in the United States identifying the owner(s) of such foreign bank 101-103 and the name and address of a person who resides in the United States and is authorized to accept service of legal process for records regarding the correspondent account. - A
Certification 105 established with theRMC system 106 can state that a foreign hank 101-103 that maintains a correspondent account with a coveredFinancial Institution 107 certifies either that it is not a Shell Bank; that it is a Shell Bank that it is a regulated affiliate of a non-Shell Bank; or that it is a Shell Bank that is not a regulated affiliate. In the case that a Shell Bank is not a regulated affiliate, prevailing law may prohibit a coveredFinancial Institution 107 from establishing or maintaining a correspondent account with that foreign bank 101-102. - Independent of a bank's or other Financial Institution's procurement of information, for certification or otherwise, a
RMC 106 can gather and collect information relating to a Financial - Institution. Information can be collected, for example, from public sources, such as government lists. Non-public information gathered by a subscriber 107-108 can also be collected and stored in a manner that will not violate prevailing law, such as, for example, in a Proprietary
Risk Management Server 211. In some cases, the information may support or contradict information provided by a certification, such as whether a bank 101-102 is a Shell Bank. - Amendments to the anti-money laundering provisions of the Bank Secrecy Act (BSA), which are included in the USA PATRIOT Act may require that a
Financial Institution 107 manage risk relating to correspondent accounts by ascertaining certain minimum information relating to the Financial Institution's 107 customers. In particular, aFinancial Institution 107 may manage risk relating to correspondent accounts by certifying that it is not providing correspondent accounts to foreign Shell Banks and taking reasonable steps to ensure that a correspondent account provided to a foreign bank 101-103 is not being used to indirectly provide banking services to a foreign Shell Bank. Risk management procedures for aFinancial Institution 107 that provides a correspondent account to a foreign bank 101-103 can include maintaining records relating to the foreign bank's 101-103 owners as well as records of an agent in the United States designated to accept service of legal process. - Risk management procedures implemented by a
Financial Institution 107 may dictate, for example, that theFinancial Institution 107 should not establish, maintain, administer, or manage a correspondent account in the United States for, or on behalf of Shell Bank. In addition, the risk management procedures may include taking reasonable steps to ensure that any correspondent account established, maintained, administered, or managed by a coveredFinancial Institution 107 in the United States for a foreign bank 101-103 is not being used by that foreign hank 101-103 to indirectly provide banking services to a foreign Shell Bank that is not a regulated affiliate. - A foreign bank 101-103 can certify, such as, for example, to the
RMC 106, that it is not a Shell Bank. Risk management procedures can require that the RMC receive certification specifying a physical address for the foreign bank 101-103 and a regulator for the foreign bank 101-103. If a foreign bank 101-103 certifies that it is a regulated affiliate, the foreign bank 101-103 can be required to specify a name and address of a non-Shell Bank with which the foreign bank 101-103 is affiliated and a regulator for the non-Shell Bank and the regulated affiliate. Certification information received by theRMC 106 can be stored and organized for expeditious delivery to an interested party authorized by parties involved to receive the information. - A foreign hank 101-103 can also certify either that it does not provide banking services to any foreign Shell Bank, other than a regulated affiliate; or that it provides banking services to a foreign Shell Bank but will not use any of the correspondent accounts with a
U.S. Financial Institution 107 to provide banking services to any foreign Shell Bank, other than a regulated affiliate. - In another aspect, a foreign bank 101-103 can certify the identity of its owner(s) and include street addresses, as well as the identity and address of its agent for service of legal process in the United States.
- A foreign bank 101-103 can also certify that it will notify each
Financial Institution 107 in the United States at which it maintains a correspondent account in writing within 30 calendar days of any change in facts or circumstances previously certified or contained in the annexes to theCertification 105. - In some embodiments, the
RMC system 106 can be utilized to effect notice, of any change in facts or circumstances previously certified or contained in the annexes to theCertification 105. For thoseFinancial Institutions 107 on record withRMC system 106 notice can be accomplished via delivery of an electronic document, printing remotely, facsimile, or hardcopy generated and physically delivered. ARMC system 106 can also be utilized to notify appropriate parties of administrative obligations such as, for example, notice of a change in facts contained in aCertification 105. - Embodiments can also include providing a copy of any
certifications 105 to the Secretary of the Treasury and the Attorney General of the United States, or their delegates. - Risk management procedures can establish that reporting information required for
Certification 105 is voluntary for a foreign banking institution 101-103; however, failure to provide information necessary to completeCertification 105 may preclude the establishment or continuation of correspondent accounts with theU.S. Financial Institution 107. - A subscriber 107-108 can include a
Respondent Financial Institution 107 or other subscribingentity 108, including, for example: a regulator, a money transfer agency, bourse, an institutional or individual investor, an auditing firm, a law firm, any institution the business of which is engaging in financial activities or other entity or institution who may be involved with a financial transaction or other business transaction or any entity subject to legal and regulatory compliance obligations with respect to money laundering, fraud, corruption, terrorism, organized crime, regulatory and suspicious activity reporting, sanctions, embargoes and other regulatory risks and associated obligations. - Financial investments can include investment and merchant banking, public and private financing, commodities and a securities trading, commercial and consumer lending, asset management, rating of corporations and securities, public and private equity investment, public and private fixed income investment, listing to companies on a securities exchange and bourse, employee screening, auditing of corporate or other entities, legal opinions relating to a corporate or other entity, or other business related transactions.
-
FIG. 1A illustrates a scenario wherein arespondent Financial Institution 107 orother subscriber 108 can receive aCertification 105 from one or more foreign banks or affiliates 101-104 via anRMC 106.Certifications 105 registered with theRMC system 106 can be readily accessible to therespondent Financial Institution 107 orother subscriber 108 thereby facilitating collection ofcertifications 105, wherein therespondent Financial Institution 107 is relieved of having to ascertain a correct person to contact within each foreign bank 101-104 from which it requiresCertification 105 and coordinate receipt of eachCertification 105. As illustrated, the present invention can make it possible for therespondent Financial Institution 107 to only have to complete a single access to theRMC system 106 in order to receivemultiple certifications 105, each from a separate foreign hank 101-102 or from anon-shell Foreign Bank 103 and/or aregulated affiliate 104. TheCertification 105 can contain, information to assist aU.S. Financial Institution 107 comply with prevailing law regarding correspondent accounts and other regulations. - Embodiments can include information that is received from a foreign bank 101-104 in any form that can accurately convey information necessary to complete the
Certification 105. For example, information can he input into a graphical user interface (GUI), submitted via hard copy, facsimile, scanned image, or any other form of information conveyance. TheRMC system 106 can store theCertification 105 and convey it upon request. - Similarly,
Certification 105 information can be retrieved by arespondent Financial Institution 107 orother subscriber 108 using any available mechanism for conveying information, including, but not limited to: scanned image, database record retrieval, text file, facsimile, hard copy, data stored on a computer readable medium, or other mechanism. -
FIG. 1B is related toFIG. 1A and more clearly illustrates a scenario wherein acorrespondent Foreign Bank 101 seeking to open a correspondent account can convey aCertification 105 to one or morerespondent Financial Institutions other subscriber 108. In some embodiments, thecorrespondent Foreign Bank 101 can transmit information relating to thecertification 105 to theRMC system 106. TheRMC system 106 can store the information and generate acertification 105 and convey it to arespondent Financial Institution other subscriber 108 upon request of thecorrespondent Foreign Bank 101 or theFinancial Institution other subscriber 108. Embodiments can also include transmission of a completedcertification 105 to theRMC system 106, such as an image documents comprising thecertification 105. The completedcertification 105 can then be transmitted by theRMC system 106 to aFinancial Institution other subscriber 108. - Referring now to
FIG. 2 , a network diagram illustrating one embodiment of the present invention is shown 200. Anautomated RMC system 106 can include a computerized RMC server 210 accessible via a distributednetwork 201 such as the Internet, or a private network. A user 206-209, can use a computerized system or network access device 202-205 to receive, input, transmit or view information processed in the RMC server 210. A protocol, such as, for example, the transmission control protocol internet protocol (TCP/IP) can be utilized to provide consistency and reliability. - In addition, a proprietary risk management (PRM)
server 211 can access the RMC server 210 via thenetwork 201 or via adirect link 213, such as a T1 line, digital subscriber line (DSL), or other high speed pipe. ThePRM server 211 can in turn be accessed by an affiliated user via a system access device 202-205 and acommunications network 201, such as a local area network, or other private network, or even the Internet, if desired. For the purposes of this application, any function or reference to an RMC server 210 can also include aPRM server 211, except that thePRM server 211 may be more appropriate to store and access proprietary information that will not be shared outside of an organization except as allowed by prevailing applicable law. In addition, in some embodiments, aPRM server 211 may he utilized to calculate risk quotients or other subjective valuations which an RMC server 210 may be limited from doing by anRMC 106 provider. - A system access device 202-205 used to access the RMC server 210 can include a processor, memory and a user input device, such as a keyboard and/or mouse, and a user output device, such as a display screen and/or printer. The system access devices 202-205 can communicate with the RMC server 210 to access data and programs stored at the respective RMC server 210. A system access device 202-205 may interact with the RMC server 210 as if the RMC server 210 were a single entity in the
network 200. However, the RMC server 210 may include multiple processing and database sub-systems, such as cooperative or redundant processing and/or database servers that can be geographically dispersed throughout thenetwork 200. - The RMC server 210 can include one or
more databases 212 storing data relating to risk management, and in particular to certification of a foreign bank 101-103 oraffiliate 104, including, for example, docketing information and programming capable of tracking relative dates and entities involved. Information relating to and included in gathered certifications can be aggregated into a searchable data storage structure. Gathering data into anaggregate data structure 212, such as a data warehouse, allows aRMC system 106 to have the data readily available for processing a risk management search associated with a Correspondent Bank 101-104 certification.Aggregated data 212 can also be scrubbed or otherwise enhanced to aid in searching. - In one embodiment of enhancing data, data scrubbing can be utilized to implement a data warehouse comprising the
aggregate data structure 212. Data scrubbing can be utilized to store information in a manner that gives efficient access to pertinent data. Scrubbing can facilitate expedient access to data commensurate with business decisions that will be based upon Risk management assessment provided. - Various data scrubbing routines can be utilized to facilitate aggregation of Risk variable related information. The routines can include programs capable of correcting a specific type of mistake, such as an incomprehensible address, or clean up a full spectrum of commonly found database flaws, such as field alignment or misplaced data and move it to a correct field, or removing inconsistencies and inaccuracies from like data. Other scrubbing routines can be directed directly towards specific legal issues, such as money laundering or terrorist tracking activities.
- For example, a scrubbing routine can be used to facilitate various different spelling of one name. In particular, spelling of names can be important when names have been translated from a foreign language into English. A data scrubbing routine can facilitate risk variable searching for multiple spellings of an equivalent name or other important information. Such a routine can help correct database flaws. Accordingly, scrubbing routines can improve and expand data quality more efficiently than manual mending and also allow a subscriber 107-109 to quantify best practices for regulatory purposes.
- Typically a user 206-209 will access the RMC server 210 using client software executed at a system access device 202-205. The client software may include a generic hypertext markup language (HTML) browser, such as Netscape Navigator or Microsoft Internet Explorer, (a “WEB browser”). The client software may also be a proprietary browser, and/or other host access software. In some cases, an executable program, such as a Java™ program, may be downloaded from the RMC server 210 to the system access device 202-205 and executed at the system access device 202-205 as part of RMC risk management software. Other implementations include proprietary software installed from a computer readable medium, such as a CD ROM. The invention may therefore be implemented in digital electronic circuitry, computer hardware, firmware, software, or in combinations of the above. Apparatus of the invention may be implemented in a computer program product tangibly embodied in a machine-readable storage device for execution by a programmable processor; and method steps of the invention may be performed by a programmable processor executing a program of instructions to perform functions of the invention by operating on input data and generating output.
- Referring now to
FIG. 3 , steps that can be performed while practicing the present invention are illustrated. From the perspective of anRMC system 106 or RMC provider, at 310 a request to register a risk management certification with theRMC system 106 can be received, such as, for example, via an electronic communication, facsimile, hardcopy, or voice call. At 311, theRMC system 106 can convey the certification materials to the entity that wishes to register or the entity's agent. The materials can be conveyed, for example, via electronic file transfer, e-mail, facsimile, hardcopy, voice communication or other communications vehicle. An exemplary certification that may currently be useful to address obligations incurred under the USA PATRIOT Act is attached hereto as Appendix A. - At 312, an
RMC system 106 may receive a request for guidance in providing the certification materials. Guidance may be necessary, for example, to interpret obligations relating to what needs to be certified in order to comply with various regulatory requirements, such as those set forth in the USA PATRIOT Act and the relative complexity of some information that may need interpretation. - For example, in complying with the USA PATRIOT Act the task of ascertaining who constitutes an “owner” that should be reported can be subject to a fair amount of work and interpretation. An owner can mean any person who is a large direct owner, an indirect owner, and certain small direct owners. A person can mean any individual, bank, corporation, partnership, limited liability company, or any other legal entity, except that members of the same family shall be considered one person; and voting shares or other voting interests means shares or other interests that entitle the holder to vote for or select directors (or individuals exercising similar functions).
- The USA PATRIOT Act indicates that a small direct owner may or may not need to be reported depending on whether two or more small direct owners in the aggregate own 25 percent or more of the voting securities or interests of the foreign bank and are owned by the same indirect owner. A large direct owner of a foreign bank can be a person who owns, controls, or has power to vote 25 percent or more of any class of voting securities or other voting interests of the foreign bank; or controls in any manner the election of a majority of the directors (or individuals exercising similar functions) of the foreign bank. The identity of each large direct owner is subject to reporting. If any large direct owner of a foreign bank 101-103 is majority-owned by another person, or by a chain of majority-owned persons, an indirect owner is any person in the ownership chain of any large direct owner who is not majority-owned by another person. If any two or more small direct owners of a foreign bank in the aggregate own, control, or have power to vote twenty five percent or more of any class of voting securities or other voting interests of the foreign bank and are majority-owned by the same person, or by the same chain of majority-owned persons, the indirect owner can be any person in the ownership chain of the small direct owners who is not majority-owned by another person. Each indirect owner may be subject to reporting.
- Guidance relating to interpretation and compliance may be needed as each foreign institution attempts to properly and consistently provide certification to each U.S. Financial Institution with which the foreign institution has a correspondent banking relationship. Guidance and centralization offered by an
RMC 106 can facilitate a cohesive certification and minimize confusion, redundancy, inaccuracy and contradictions that may result from multiple parties each interpreting and translating such guidelines on their own. In addition, the amount of resources and administration overhead associated with maintaining such records can be lessened by a centralized approach. - At 313, guidance may be provided by the
RMC system 106 via online documentation, artificial intelligence programs, online question and answer materials, live administrative assistance, referral to a third party or other manner of responding to the request for guidance. Some embodiments can include guidance that ascertains the completeness of certification information conveyed by a foreign bank 101-104, such as, for example guidance as to whether entries have been set forth for all required inputs and a document has been properly executed where required. Electronic signatures may be sufficient in some embodiments to complete execution. - Embodiments can also include a verification step which can independently research the veracity of information put forth in a certification. Other embodiments can convey any information put forth with no value judgment, research or other indication relating to the veracity or completeness of any information conveyed in a certification.
- At 314, the
RMC system 106 can also receive a risk management certification and at 315 the certification can be stored in a retrievable data storage device. In addition, at 316 the information descriptive of or relating to the certification, as well as information descriptive of the entities involved, can be docketed. The docket can be utilized to track critical dates, entities involved, contact information and the like. In some embodiments, docketing can include parsing information contained in aCertification 105 and storing the parsed information in a database in order to facilitate analysis and docketing of the information. For example, data can be configured to track dates relating to the certification, dates relating to actions taken, contact information, requests, authorizations and other pertinent information. Other embodiments can include docketing information descriptive of aCertification 105. - At 317, the
RMC system 106 can notify interested parties of administrative obligations, such as the obligation to re-certify every two years for compliance with the USA PATRIOT Act. At 318, theRMC system 106 can receive updated information, such as information related to or otherwise comprising a certificate renewal and at 319 the updated certification information can be transmitted to interested parties. - Referring now to
FIG. 4 , additional steps that can be performed while implementing some embodiments of the present invention are illustrated. At 410, aRMC system 106 can login an RMC subscriber and at 411 theRMC system 106 can receive a request for a particular certification. The login can be accomplished in any manner that serves to identify the subscriber and allow for communication between theRMC system 106 and the subscriber, such as via login at a website or other electronic interface. At 412, responsive to a request for a certification, theRMC system 106 can request authorization to convey the certification from a party designated to grant such authorization, such as a compliance officer for the foreign bank 101-104 for which the certification is requested. - At 413 and 414 the
RMC system 106 may receive a response to the request for authorization to convey the certification. At 413 a denial of required authorization can be received. Accordingly, at 415 theRMC system 106 can transmit a denial for the request of certification authorization. Alternatively, at 414, theRMC system 106 may receive an approval for the request for authorization and at 416 transmit the certification to the requestor. - At 417, a request for a certification can be archived, along with a related response. At 418, the
RMC system 106 can also be utilized to generate one or more reports relating to a request for certification and associated action resultant to the request. - Referring now to
FIG. 5 , steps relating to updating risk management information according to some embodiments of the present invention arc illustrated. Risk management information which can be updated can include certification information utilized to comply with the USA PATRIOT Act. At 510, aRMC system 106 can receive updated information, such as a change in contact information, change in ownership, change in agent to receive service of a subpoena or other change. At 511, the received updates can be docketed to facilitate in processing and at 512, a list of recipients who are to receive the updates can be compiled. Recipients can include, for example, financial institutions or other subscribers 107-109 that have received a previous certification. At 513, updates can be transmitted or otherwise conveyed to the members included on the list of recipients. - Referring now to
FIG. 6 , some embodiments of the present invention can include anRMC system 106 which does not actually receive risk management certification information, such as a certification to comply with the USA PATRIOT Act, but instead, at 610 receives a description of acertification 105 and a designated network address at which the certification can be accessed. A designated network address can include, for example, a TCP/IP address, a uniform resource locator, or any other identifying mechanism that can direct access to a particular network resource. At 611, theRMC system 106 can receive a request to convey a particular certification and at 612 theRMC system 106 can request authorization to convey the designated network address containing the particular certification. At 613 and 614 a denial or authorization of the request to convey the designated network address can be received. At 613 a denial of authorization is received and accordingly, at 615 the RMC can transmit a denial of the request for the certification. At 614 an approval granting authorization is received, and accordingly, at 616 theRMC system 106 can transmit or otherwise convey the designated network address at which the certification information can be accessed. - Relatedly, as illustrated in
FIG. 7 , in some embodiments, at 710, a subscriber, such as a respondent Financial Institution or other entity 107-109, can request certification information from theRMC system 106 and at 711 receive a designated network address of a resource that contains arelated certification 105 which is available via thenetwork 201. At 712, a respondent Financial Institution or other entity 107-109 can access a network resource located at the address conveyed by theRMC system 106 and at 713 receive the certification information. - Referring now to
FIG. 8 , anexemplary GUI 800 that can be utilized while practicing the present invention is illustrated. A portion of adisplay 801 can display information that relates to a respondent Financial institution, such as a U.S. Bank. Another portion of thedisplay 802 can include information descriptive of a correspondent Foreign Bank 101-103 and anyregulated subsidiaries 104. Still anotherportion 803 can contain certification information. Aportion 804 can also display instructions relating to how to obtain acertification 105. - Referring now to
FIG. 9 , a portion of a design of a database that can be utilized while implementing the present invention is illustrated. Thedatabase 900 can include a field containing data descriptive of arespondent Financial Institution 901 as well as a field containing data descriptive of acorrespondent institution 902. Another field can hold data descriptive of arelated certification 903. - A number of embodiments of the present invention have been described. Nevertheless, it will be understood that various modifications may be made without departing from the spirit and scope of the invention. For example, certified hard copy documents can be gathered and scanned into the
RMC system 106 such that the scanned image can be forwarded to a subscriber as appropriate. In addition, certification data stored with theRMC 106 can indicate an agent for legal service which can be utilized in conjunction with an electronic subpoena service to serve a subpoena. Still other embodiments include certification data and/or documents that will expire and be locked, such as with encryption after a set period of time has elapsed, such as, for example a period for which the data will remain current. Accordingly, other embodiments are within the scope of the following claims.
Claims (21)
Priority Applications (1)
Application Number | Priority Date | Filing Date | Title |
---|---|---|---|
US13/020,709 US20110131125A1 (en) | 2001-03-20 | 2011-02-03 | Correspondent Bank Registry |
Applications Claiming Priority (5)
Application Number | Priority Date | Filing Date | Title |
---|---|---|---|
US09/812,627 US8140415B2 (en) | 2001-03-20 | 2001-03-20 | Automated global risk management |
US2112401A | 2001-10-30 | 2001-10-30 | |
US10/074,583 US7287280B2 (en) | 2002-02-12 | 2002-02-12 | Automated security management |
US10/278,380 US7899722B1 (en) | 2001-03-20 | 2002-10-23 | Correspondent bank registry |
US13/020,709 US20110131125A1 (en) | 2001-03-20 | 2011-02-03 | Correspondent Bank Registry |
Related Parent Applications (1)
Application Number | Title | Priority Date | Filing Date |
---|---|---|---|
US10/278,380 Continuation US7899722B1 (en) | 2001-03-20 | 2002-10-23 | Correspondent bank registry |
Publications (1)
Publication Number | Publication Date |
---|---|
US20110131125A1 true US20110131125A1 (en) | 2011-06-02 |
Family
ID=43617377
Family Applications (2)
Application Number | Title | Priority Date | Filing Date |
---|---|---|---|
US10/278,380 Expired - Fee Related US7899722B1 (en) | 2001-03-20 | 2002-10-23 | Correspondent bank registry |
US13/020,709 Abandoned US20110131125A1 (en) | 2001-03-20 | 2011-02-03 | Correspondent Bank Registry |
Family Applications Before (1)
Application Number | Title | Priority Date | Filing Date |
---|---|---|---|
US10/278,380 Expired - Fee Related US7899722B1 (en) | 2001-03-20 | 2002-10-23 | Correspondent bank registry |
Country Status (1)
Country | Link |
---|---|
US (2) | US7899722B1 (en) |
Cited By (6)
Publication number | Priority date | Publication date | Assignee | Title |
---|---|---|---|---|
US20150339651A1 (en) * | 2014-05-21 | 2015-11-26 | International Business Machines Corporation | Cash flow analytics driven correspondent bank network optimization |
US9886707B1 (en) | 2014-12-18 | 2018-02-06 | Jpmorgan Chase Bank, N.A. | System and method for building dynamic hierarchy for products |
US9906413B1 (en) | 2014-12-18 | 2018-02-27 | Jpmorgan Chase Bank, N.A. | System and method for implementing a dynamic hierarchy for devices |
US10769722B1 (en) | 2016-05-12 | 2020-09-08 | State Farm Mutual Automobile Insurance Company | Heuristic credit risk assessment engine |
US11030579B1 (en) | 2013-07-15 | 2021-06-08 | Jpmorgan Chase Bank, N.A. | Method and system for incident communication |
US11544783B1 (en) | 2016-05-12 | 2023-01-03 | State Farm Mutual Automobile Insurance Company | Heuristic credit risk assessment engine |
Families Citing this family (11)
Publication number | Priority date | Publication date | Assignee | Title |
---|---|---|---|---|
US20030233319A1 (en) * | 2001-03-20 | 2003-12-18 | David Lawrence | Electronic fund transfer participant risk management clearing |
US7958027B2 (en) * | 2001-03-20 | 2011-06-07 | Goldman, Sachs & Co. | Systems and methods for managing risk associated with a geo-political area |
US8121937B2 (en) | 2001-03-20 | 2012-02-21 | Goldman Sachs & Co. | Gaming industry risk management clearinghouse |
US8996481B2 (en) | 2004-07-02 | 2015-03-31 | Goldman, Sach & Co. | Method, system, apparatus, program code and means for identifying and extracting information |
US8762191B2 (en) | 2004-07-02 | 2014-06-24 | Goldman, Sachs & Co. | Systems, methods, apparatus, and schema for storing, managing and retrieving information |
US8442953B2 (en) | 2004-07-02 | 2013-05-14 | Goldman, Sachs & Co. | Method, system, apparatus, program code and means for determining a redundancy of information |
US8510300B2 (en) | 2004-07-02 | 2013-08-13 | Goldman, Sachs & Co. | Systems and methods for managing information associated with legal, compliance and regulatory risk |
EP2740094A4 (en) * | 2011-09-06 | 2015-03-25 | Mastercard International Inc | Apparatus, method, and computer program product for data cleansing and/or biller scrubbing |
US11816682B1 (en) | 2023-03-29 | 2023-11-14 | Simur, Inc. | Systems and methods to facilitate synchronized sharing of centralized authentication information to facilitate entity verification and risk assessment |
US11799869B1 (en) | 2023-04-10 | 2023-10-24 | Simur, Inc. | Systems and methods to store and manage entity verification information to reduce redundant entity information and redundant submission of requests |
US11949777B1 (en) | 2023-07-31 | 2024-04-02 | Simur, Inc. | Systems and methods to encrypt centralized information associated with users of a customer due diligence platform based on a modified key expansion schedule |
Citations (113)
Publication number | Priority date | Publication date | Assignee | Title |
---|---|---|---|---|
US4376978A (en) * | 1980-07-29 | 1983-03-15 | Merrill Lynch Pierce, Fenner & Smith | Securities brokerage-cash management system |
US4718009A (en) * | 1984-02-27 | 1988-01-05 | Default Proof Credit Card System, Inc. | Default proof credit card method system |
US4727243A (en) * | 1984-10-24 | 1988-02-23 | Telenet Communications Corporation | Financial transaction system |
US4734564A (en) * | 1985-05-02 | 1988-03-29 | Visa International Service Association | Transaction system with off-line risk assessment |
US4799156A (en) * | 1986-10-01 | 1989-01-17 | Strategic Processing Corporation | Interactive market management system |
US4812628A (en) * | 1985-05-02 | 1989-03-14 | Visa International Service Association | Transaction system with off-line risk assessment |
US4989141A (en) * | 1987-06-01 | 1991-01-29 | Corporate Class Software | Computer system for financial analyses and reporting |
US5177342A (en) * | 1990-11-09 | 1993-01-05 | Visa International Service Association | Transaction approval system |
US5398300A (en) * | 1990-07-27 | 1995-03-14 | Hnc, Inc. | Neural network having expert system functionality |
US5502637A (en) * | 1994-06-15 | 1996-03-26 | Thomson Shared Services, Inc. | Investment research delivery system |
US5615109A (en) * | 1995-05-24 | 1997-03-25 | Eder; Jeff | Method of and system for generating feasible, profit maximizing requisition sets |
US5717923A (en) * | 1994-11-03 | 1998-02-10 | Intel Corporation | Method and apparatus for dynamically customizing electronic information to individual end users |
US5720026A (en) * | 1995-10-06 | 1998-02-17 | Mitsubishi Denki Kabushiki Kaisha | Incremental backup system |
US5732400A (en) * | 1995-01-04 | 1998-03-24 | Citibank N.A. | System and method for a risk-based purchase of goods |
US5732397A (en) * | 1992-03-16 | 1998-03-24 | Lincoln National Risk Management, Inc. | Automated decision-making arrangement |
US5864828A (en) * | 1987-04-15 | 1999-01-26 | Proprietary Financial Products, Inc. | Personal financial management system for creation of a client portfolio of investment and credit facilities where funds are distributed based on a preferred allocation |
US5875431A (en) * | 1996-03-15 | 1999-02-23 | Heckman; Frank | Legal strategic analysis planning and evaluation control system and method |
US5878400A (en) * | 1996-06-17 | 1999-03-02 | Trilogy Development Group, Inc. | Method and apparatus for pricing products in multi-level product and organizational groups |
US5884289A (en) * | 1995-06-16 | 1999-03-16 | Card Alert Services, Inc. | Debit card fraud detection and control system |
US5903882A (en) * | 1996-12-13 | 1999-05-11 | Certco, Llc | Reliance server for electronic transaction system |
US5991743A (en) * | 1997-06-30 | 1999-11-23 | General Electric Company | System and method for proactively monitoring risk exposure |
US6014228A (en) * | 1991-02-05 | 2000-01-11 | International Integrated Communications, Ltd. | Method and apparatus for delivering secured hard-copy facsimile documents |
US6016963A (en) * | 1998-01-23 | 2000-01-25 | Mondex International Limited | Integrated circuit card with means for performing risk management |
US6018723A (en) * | 1997-05-27 | 2000-01-25 | Visa International Service Association | Method and apparatus for pattern generation |
US6018715A (en) * | 1996-02-29 | 2000-01-25 | Electronic Data Systems Corporation | Automated travel planning system |
US6021397A (en) * | 1997-12-02 | 2000-02-01 | Financial Engines, Inc. | Financial advisory system |
US6055636A (en) * | 1998-01-27 | 2000-04-25 | Entrust Technologies, Limited | Method and apparatus for centralizing processing of key and certificate life cycle management |
US6119103A (en) * | 1997-05-27 | 2000-09-12 | Visa International Service Association | Financial risk prediction systems and methods therefor |
US6182095B1 (en) * | 1998-04-30 | 2001-01-30 | General Electric Capital Corporation | Document generator |
US6199073B1 (en) * | 1997-04-21 | 2001-03-06 | Ricoh Company, Ltd. | Automatic archiving of documents during their transfer between a peripheral device and a processing device |
US6202053B1 (en) * | 1998-01-23 | 2001-03-13 | First Usa Bank, Na | Method and apparatus for generating segmentation scorecards for evaluating credit risk of bank card applicants |
US6205433B1 (en) * | 1996-06-14 | 2001-03-20 | Cybercash, Inc. | System and method for multi-currency transactions |
US6253322B1 (en) * | 1997-05-21 | 2001-06-26 | Hitachi, Ltd. | Electronic certification authentication method and system |
US6304915B1 (en) * | 1996-09-26 | 2001-10-16 | Hewlett-Packard Company | System, method and article of manufacture for a gateway system architecture with system administration information accessible from a browser |
US20020004725A1 (en) * | 1999-03-23 | 2002-01-10 | Dental Medicine International, L.L.C. | Method and system for healthcare treatment planning and assessment |
US6341267B1 (en) * | 1997-07-02 | 2002-01-22 | Enhancement Of Human Potential, Inc. | Methods, systems and apparatuses for matching individuals with behavioral requirements and for managing providers of services to evaluate or increase individuals' behavioral capabilities |
US20020010784A1 (en) * | 2000-01-06 | 2002-01-24 | Clayton Gary E. | Policy notice method and system |
US20020016854A1 (en) * | 1996-12-13 | 2002-02-07 | Shigeki Hirasawa | Method of sending and receiving information and system using such method |
US6347307B1 (en) * | 1999-06-14 | 2002-02-12 | Integral Development Corp. | System and method for conducting web-based financial transactions in capital markets |
US20020019804A1 (en) * | 2000-06-29 | 2002-02-14 | Sutton Robert E. | Method for providing financial and risk management |
US6349290B1 (en) * | 1998-06-30 | 2002-02-19 | Citibank, N.A. | Automated system and method for customized and personalized presentation of products and services of a financial institution |
US20020023053A1 (en) * | 2000-04-05 | 2002-02-21 | Szoc Ronald Z. | System, method and apparatus for international financial transactions |
US20020023109A1 (en) * | 1999-12-30 | 2002-02-21 | Lederer Donald A. | System and method for ensuring compliance with regulations |
US20020029249A1 (en) * | 2000-03-17 | 2002-03-07 | Campbell Leo J. | Methods and systems for providing an electronic account to a customer |
US20020032626A1 (en) * | 1999-12-17 | 2002-03-14 | Dewolf Frederik M. | Global asset information registry |
US20020032646A1 (en) * | 2000-09-08 | 2002-03-14 | Francis Sweeney | System and method of automated brokerage for risk management services and products |
US20020032635A1 (en) * | 2000-01-06 | 2002-03-14 | Stewart Harris | Systems and methods for monitoring credit of trading couterparties |
US20020032665A1 (en) * | 2000-07-17 | 2002-03-14 | Neal Creighton | Methods and systems for authenticating business partners for secured electronic transactions |
US20020035685A1 (en) * | 2000-09-11 | 2002-03-21 | Masahiro Ono | Client-server system with security function intermediary |
US20020035520A1 (en) * | 2000-08-02 | 2002-03-21 | Weiss Allan N. | Property rating and ranking system and method |
US20020035543A1 (en) * | 1998-04-27 | 2002-03-21 | Aurora Wireless Technologies, Ltd. | System and method for detecting high credit risk customers |
US20020073237A1 (en) * | 2000-07-27 | 2002-06-13 | George Nancy Fox | Methods of managing data over a networked system of computers |
US20020184068A1 (en) * | 2001-06-04 | 2002-12-05 | Krishnan Krish R. | Communications network-enabled system and method for determining and providing solutions to meet compliance and operational risk management standards and requirements |
US20030004954A1 (en) * | 2001-06-27 | 2003-01-02 | Clark Mark A. | Conflict assessment system tool |
US20030009419A1 (en) * | 2001-06-11 | 2003-01-09 | Chavez R. Martin | Risk management system and trade engine with automatic trade feed and market data feed |
US20030009418A1 (en) * | 2000-12-08 | 2003-01-09 | Green Gerald M. | Systems and methods for electronically verifying and processing information |
US20030018549A1 (en) * | 2001-06-07 | 2003-01-23 | Huchen Fei | System and method for rapid updating of credit information |
US20030018522A1 (en) * | 2001-07-20 | 2003-01-23 | Psc Scanning, Inc. | Biometric system and method for identifying a customer upon entering a retail establishment |
US20030018483A1 (en) * | 2001-07-17 | 2003-01-23 | Pickover Clifford A. | System to manage electronic data |
US6513018B1 (en) * | 1994-05-05 | 2003-01-28 | Fair, Isaac And Company, Inc. | Method and apparatus for scoring the likelihood of a desired performance result |
US6513020B1 (en) * | 1997-10-30 | 2003-01-28 | Macro Securities Research, Llc | Proxy asset data processor |
US20030023543A1 (en) * | 2001-04-30 | 2003-01-30 | Mel Gunewardena | Method, software program, and system for ranking relative risk of a plurality of transactions |
US6516056B1 (en) * | 2000-01-07 | 2003-02-04 | Vesta Corporation | Fraud prevention system and method |
US20030026268A1 (en) * | 2000-11-28 | 2003-02-06 | Siemens Technology-To-Business Center, Llc | Characteristic routing |
US6523027B1 (en) * | 1999-07-30 | 2003-02-18 | Accenture Llp | Interfacing servers in a Java based e-commerce architecture |
US20030046114A1 (en) * | 2001-08-28 | 2003-03-06 | Davies Richard J. | System, method, and apparatus for storing, retrieving, and integrating clinical, diagnostic, genomic, and therapeutic data |
US20030050718A1 (en) * | 2000-08-09 | 2003-03-13 | Tracy Richard P. | Enhanced system, method and medium for certifying and accrediting requirements compliance |
US20030061201A1 (en) * | 2001-08-13 | 2003-03-27 | Xerox Corporation | System for propagating enrichment between documents |
US20030097451A1 (en) * | 2001-11-16 | 2003-05-22 | Nokia, Inc. | Personal data repository |
US6591252B1 (en) * | 1999-03-04 | 2003-07-08 | Steven R. Young | Method and apparatus for authenticating unique items |
US20030145223A1 (en) * | 2002-01-28 | 2003-07-31 | Intel Corporation | Controlled access to credential information of delegators in delegation relationships |
US6651240B1 (en) * | 1999-02-17 | 2003-11-18 | Fujitsu Limited | Object-oriented software development support apparatus and development support method |
US20030233258A1 (en) * | 2002-06-18 | 2003-12-18 | Cottrell Matthew D. | Methods and systems for tracking and accounting for the disclosure of record information |
US20040006532A1 (en) * | 2001-03-20 | 2004-01-08 | David Lawrence | Network access risk management |
US20040015376A1 (en) * | 2002-07-03 | 2004-01-22 | Conoco Inc. | Method and system to value projects taking into account political risks |
US6684190B1 (en) * | 1997-01-07 | 2004-01-27 | Financial Profiles, Inc. | Apparatus and method for exposing, evaluating and re-balancing risk for decision-making in financial planning |
US20040024693A1 (en) * | 2001-03-20 | 2004-02-05 | David Lawrence | Proprietary risk management clearinghouse |
US20040039704A1 (en) * | 2001-01-17 | 2004-02-26 | Contentguard Holdings, Inc. | System and method for supplying and managing usage rights of users and suppliers of items |
US20040044505A1 (en) * | 2002-09-04 | 2004-03-04 | Richard Horwitz | Method and system for identifying risk factors |
US20040044617A1 (en) * | 2002-09-03 | 2004-03-04 | Duojia Lu | Methods and systems for enterprise risk auditing and management |
US20040054563A1 (en) * | 2002-09-17 | 2004-03-18 | Douglas William J. | Method for managing enterprise risk |
US6714918B2 (en) * | 2000-03-24 | 2004-03-30 | Access Business Group International Llc | System and method for detecting fraudulent transactions |
US6714894B1 (en) * | 2001-06-29 | 2004-03-30 | Merritt Applications, Inc. | System and method for collecting, processing, and distributing information to promote safe driving |
US6839682B1 (en) * | 1999-05-06 | 2005-01-04 | Fair Isaac Corporation | Predictive modeling of consumer financial behavior using supervised segmentation and nearest-neighbor matching |
US6842737B1 (en) * | 2000-07-19 | 2005-01-11 | Ijet Travel Intelligence, Inc. | Travel information method and associated system |
US20050033849A1 (en) * | 2002-06-20 | 2005-02-10 | Bellsouth Intellectual Property Corporation | Content blocking |
US6868408B1 (en) * | 1994-04-28 | 2005-03-15 | Citibank, N.A. | Security systems and methods applicable to an electronic monetary system |
US20050065872A1 (en) * | 2003-09-12 | 2005-03-24 | Moebs G. Michael | Risk identification system and methods |
US6895393B1 (en) * | 1998-10-01 | 2005-05-17 | Hitachi, Ltd. | Electronic book distributing system by use of purchase certificate and devices therefor |
US6983266B1 (en) * | 1999-04-07 | 2006-01-03 | Alert-Km Pty Ltd | Compliance monitoring for anomaly detection |
US20060004878A1 (en) * | 2004-07-02 | 2006-01-05 | David Lawrence | Method, system, apparatus, program code and means for determining a redundancy of information |
US20060004719A1 (en) * | 2004-07-02 | 2006-01-05 | David Lawrence | Systems and methods for managing information associated with legal, compliance and regulatory risk |
US6985886B1 (en) * | 2000-03-14 | 2006-01-10 | Everbank | Method and apparatus for a mortgage loan management system |
US20060010063A1 (en) * | 1996-11-27 | 2006-01-12 | Diebold, Incorporated | Automated banking machine system with multiple browsers |
US7003661B2 (en) * | 2001-10-12 | 2006-02-21 | Geotrust, Inc. | Methods and systems for automated authentication, processing and issuance of digital certificates |
US7006992B1 (en) * | 2000-04-06 | 2006-02-28 | Union State Bank | Risk assessment and management system |
US7013291B1 (en) * | 1998-09-04 | 2006-03-14 | Green Paul T | Financial instrument filtering system and method therefor |
US20070005496A1 (en) * | 2000-11-06 | 2007-01-04 | Cataline Glen R | System and method for selectable funding of electronic transactions |
US7161465B2 (en) * | 2003-04-08 | 2007-01-09 | Richard Glee Wood | Enhancing security for facilities and authorizing providers |
US7165045B1 (en) * | 1999-05-19 | 2007-01-16 | Miral Kim-E | Network-based trading system and method |
US7167844B1 (en) * | 1999-12-22 | 2007-01-23 | Accenture Llp | Electronic menu document creator in a virtual financial environment |
US20070038544A1 (en) * | 1999-12-23 | 2007-02-15 | Bill Snow | Method and apparatus for financial investment advice available to a host of users over a public network |
US7181428B2 (en) * | 2001-01-30 | 2007-02-20 | Goldman, Sachs & Co. | Automated political risk management |
US7209889B1 (en) * | 1998-12-24 | 2007-04-24 | Henry Whitfield | Secure system for the issuance, acquisition, and redemption of certificates in a transaction network |
US7317546B2 (en) * | 2000-07-27 | 2008-01-08 | Hitachi, Ltd. | Certification method and device and certificate issuer system |
US7319971B2 (en) * | 2001-01-31 | 2008-01-15 | Corprofit Systems Pty Ltd | System for managing risk |
US20080021835A1 (en) * | 1995-02-13 | 2008-01-24 | Intertrust Technologies Corp. | Trusted infrastructure support systems, methods and techniques for secure electronic commerce, electronic transactions, commerce process control and automation, distributed computing, and rights management |
US20080027749A1 (en) * | 2000-07-19 | 2008-01-31 | Ijet Travel International, Inc. | Global asset risk management systems and methods |
US20090024500A1 (en) * | 1999-07-30 | 2009-01-22 | Alan Kay | System and Method of Transaction Settlement Using Trade Credit |
US20090043687A1 (en) * | 2000-11-01 | 2009-02-12 | Van Soestbergen Mark | Method and System for Banking and Exchanging Emission Reduction Credits |
US7650496B2 (en) * | 2003-08-15 | 2010-01-19 | Venafi, Inc. | Renewal product for digital certificates |
US7657482B1 (en) * | 2002-07-15 | 2010-02-02 | Paymentech, L.P. | System and apparatus for transaction fraud processing |
US8090734B2 (en) * | 2002-05-31 | 2012-01-03 | American Express Travel Related Services Company, Inc. | System and method for assessing risk |
Family Cites Families (113)
Publication number | Priority date | Publication date | Assignee | Title |
---|---|---|---|---|
US593882A (en) * | 1897-11-16 | Samuel t | ||
US1222816A (en) * | 1914-12-12 | 1917-04-17 | Allis Chalmers Mfg Co | Pumping-engine. |
US4326259A (en) | 1980-03-27 | 1982-04-20 | Nestor Associates | Self organizing general pattern class separator and identifier |
US4597046A (en) | 1980-10-22 | 1986-06-24 | Merrill Lynch, Pierce Fenner & Smith | Securities brokerage-cash management system obviating float costs by anticipatory liquidation of short term assets |
US4346442A (en) | 1980-07-29 | 1982-08-24 | Merrill Lynch, Pierce, Fenner & Smith Incorporated | Securities brokerage-cash management system |
US4774663A (en) | 1980-07-29 | 1988-09-27 | Merrill Lynch, Pierce, Fenner & Smith Incorporated | Securities brokerage-cash management system with short term investment proceeds allotted among multiple accounts |
US5025138A (en) | 1984-02-27 | 1991-06-18 | Vincent Cuervo | Method and system for providing verifiable line of credit information |
US4868866A (en) | 1984-12-28 | 1989-09-19 | Mcgraw-Hill Inc. | Broadcast data distribution system |
US4736294A (en) | 1985-01-11 | 1988-04-05 | The Royal Bank Of Canada | Data processing methods and apparatus for managing vehicle financing |
US4774664A (en) | 1985-07-01 | 1988-09-27 | Chrysler First Information Technologies Inc. | Financial data processing system and method |
US5210687A (en) | 1987-04-16 | 1993-05-11 | L & C Family Partnership | Business transaction and investment growth monitoring data processing system |
US5038284A (en) | 1988-02-17 | 1991-08-06 | Kramer Robert M | Method and apparatus relating to conducting trading transactions with portable trading stations |
JPH0219963A (en) | 1988-07-08 | 1990-01-23 | Hitachi Ltd | Method and system for monitoring real time state |
CA1337132C (en) | 1988-07-15 | 1995-09-26 | Robert Filepp | Reception system for an interactive computer network and method of operation |
US5068888A (en) | 1989-08-11 | 1991-11-26 | Afd Systems, Inc. | Interactive facsimile information retrieval system and method |
US5274547A (en) | 1991-01-03 | 1993-12-28 | Credco Of Washington, Inc. | System for generating and transmitting credit reports |
US5323315A (en) | 1991-08-02 | 1994-06-21 | Vintek, Inc. | Computer system for monitoring the status of individual items of personal property which serve as collateral for securing financing |
US5557518A (en) | 1994-04-28 | 1996-09-17 | Citibank, N.A. | Trusted agents for open electronic commerce |
US5453601A (en) * | 1991-11-15 | 1995-09-26 | Citibank, N.A. | Electronic-monetary system |
US5239462A (en) | 1992-02-25 | 1993-08-24 | Creative Solutions Groups, Inc. | Method and apparatus for automatically determining the approval status of a potential borrower |
JPH05342191A (en) | 1992-06-08 | 1993-12-24 | Mitsubishi Electric Corp | System for predicting and analyzing economic time sequential data |
US5819226A (en) | 1992-09-08 | 1998-10-06 | Hnc Software Inc. | Fraud detection using predictive modeling |
WO1994010649A1 (en) | 1992-10-30 | 1994-05-11 | Microbilt Corporation | Multi-reader transaction terminal |
US5940811A (en) * | 1993-08-27 | 1999-08-17 | Affinity Technology Group, Inc. | Closed loop financial transaction method and apparatus |
US5457305A (en) | 1994-03-31 | 1995-10-10 | Akel; William S. | Distributed on-line money access card transaction processing system |
US5799087A (en) * | 1994-04-28 | 1998-08-25 | Citibank, N.A. | Electronic-monetary system |
US5797133A (en) | 1994-08-31 | 1998-08-18 | Strategic Solutions Group, Inc | Method for automatically determining the approval status of a potential borrower |
US5826241A (en) | 1994-09-16 | 1998-10-20 | First Virtual Holdings Incorporated | Computerized system for making payments and authenticating transactions over the internet |
US5627886A (en) | 1994-09-22 | 1997-05-06 | Electronic Data Systems Corporation | System and method for detecting fraudulent network usage patterns using real-time network monitoring |
US5679938A (en) | 1994-12-02 | 1997-10-21 | Telecheck International, Inc. | Methods and systems for interactive check authorizations |
US5704045A (en) * | 1995-01-09 | 1997-12-30 | King; Douglas L. | System and method of risk transfer and risk diversification including means to assure with assurance of timely payment and segregation of the interests of capital |
US5696907A (en) | 1995-02-27 | 1997-12-09 | General Electric Company | System and method for performing risk and credit analysis of financial service applications |
US5649116A (en) | 1995-03-30 | 1997-07-15 | Servantis Systems, Inc. | Integrated decision management system |
US5819236A (en) | 1995-06-12 | 1998-10-06 | Carreker-Antinori, Inc. | System and method for providing advance notification of potential presentment returns due to account restrictions |
US5852812A (en) | 1995-08-23 | 1998-12-22 | Microsoft Corporation | Billing system for a network |
US5671279A (en) * | 1995-11-13 | 1997-09-23 | Netscape Communications Corporation | Electronic commerce using a secure courier system |
US5787402A (en) | 1996-05-15 | 1998-07-28 | Crossmar, Inc. | Method and system for performing automated financial transactions involving foreign currencies |
AU713316B2 (en) * | 1996-05-23 | 1999-11-25 | Citibank, N.A. | Global financial services integration system and process |
US5933816A (en) * | 1996-10-31 | 1999-08-03 | Citicorp Development Center, Inc. | System and method for delivering financial services |
US5963923A (en) | 1996-11-12 | 1999-10-05 | Garber; Howard B. | System and method for trading having a principal market maker |
US6289320B1 (en) | 1998-07-07 | 2001-09-11 | Diebold, Incorporated | Automated banking machine apparatus and system |
US5790639A (en) | 1997-02-10 | 1998-08-04 | Unifi Communications, Inc. | Method and apparatus for automatically sending and receiving modifiable action reports via e-mail |
US6105010A (en) * | 1997-05-09 | 2000-08-15 | Gte Service Corporation | Biometric certifying authorities |
US5974146A (en) * | 1997-07-30 | 1999-10-26 | Huntington Bancshares Incorporated | Real time bank-centric universal payment system |
US5940843A (en) | 1997-10-08 | 1999-08-17 | Multex Systems, Inc. | Information delivery system and method including restriction processing |
US6421653B1 (en) | 1997-10-14 | 2002-07-16 | Blackbird Holdings, Inc. | Systems, methods and computer program products for electronic trading of financial instruments |
US6249770B1 (en) | 1998-01-30 | 2001-06-19 | Citibank, N.A. | Method and system of financial spreading and forecasting |
US6078904A (en) * | 1998-03-16 | 2000-06-20 | Saddle Peak Systems | Risk direct asset allocation and risk resolved CAPM for optimally allocating investment assets in an investment portfolio |
US6078905A (en) | 1998-03-27 | 2000-06-20 | Pich-Lewinter; Eva | Method for optimizing risk management |
US6148297A (en) * | 1998-06-01 | 2000-11-14 | Surgical Safety Products, Inc. | Health care information and data tracking system and method |
US6148301A (en) | 1998-07-02 | 2000-11-14 | First Data Corporation | Information distribution system |
US6085175A (en) * | 1998-07-02 | 2000-07-04 | Axiom Software Laboratories, Inc. | System and method for determining value at risk of a financial portfolio |
US6374358B1 (en) | 1998-08-05 | 2002-04-16 | Sun Microsystems, Inc. | Adaptive countermeasure selection method and apparatus |
US6304973B1 (en) | 1998-08-06 | 2001-10-16 | Cryptek Secure Communications, Llc | Multi-level security network system |
US6947908B1 (en) * | 1998-08-27 | 2005-09-20 | Citibank, N.A. | System and use for correspondent banking |
US20020129255A1 (en) * | 1998-08-31 | 2002-09-12 | Chikako Tsuchiyama | Digital signature or electronic seal authentication system and recognized mark management program |
EP0999489A2 (en) | 1998-11-06 | 2000-05-10 | Citibank, N.A. | Method and system for evaluating information security |
US6278983B1 (en) | 1999-01-11 | 2001-08-21 | Owen Edward Ball | Automated resource allocation and management system |
US7451114B1 (en) | 1999-02-19 | 2008-11-11 | Visa International Service Association | Conducting commerce between individuals |
US6542993B1 (en) | 1999-03-12 | 2003-04-01 | Lucent Technologies Inc. | Security management system and method |
US6393423B1 (en) | 1999-04-08 | 2002-05-21 | James Francis Goedken | Apparatus and methods for electronic information exchange |
CA2910997A1 (en) * | 1999-04-30 | 2000-11-09 | Paypal, Inc. | System and method for electronically exchanging value among distributed users |
US6456984B1 (en) | 1999-05-28 | 2002-09-24 | Qwest Communications International Inc. | Method and system for providing temporary credit authorizations |
AU5377900A (en) | 1999-06-02 | 2000-12-28 | Algorithmics International Corp. | Risk management system, distributed framework and method |
US6321212B1 (en) | 1999-07-21 | 2001-11-20 | Longitude, Inc. | Financial products having a demand-based, adjustable return, and trading exchange therefor |
US7225153B2 (en) | 1999-07-21 | 2007-05-29 | Longitude Llc | Digital options having demand-based, adjustable returns, and trading exchange therefor |
US7461250B1 (en) * | 1999-07-22 | 2008-12-02 | Rsa Security, Inc. | System and method for certificate exchange |
JP4084914B2 (en) | 1999-09-29 | 2008-04-30 | 株式会社日立製作所 | Security evaluation method and apparatus, security measure creation support method and apparatus |
US7401040B2 (en) | 1999-11-01 | 2008-07-15 | Accenture Llp | Financial modeling and counseling system |
WO2001033522A1 (en) | 1999-11-05 | 2001-05-10 | American Express Travel Related Services Company, Inc. | Systems and methods for facilitating commercial transactions between parties residing at remote locations |
US7124101B1 (en) * | 1999-11-22 | 2006-10-17 | Accenture Llp | Asset tracking in a network-based supply chain environment |
US6671818B1 (en) * | 1999-11-22 | 2003-12-30 | Accenture Llp | Problem isolation through translating and filtering events into a standard object format in a network based supply chain |
US6842863B1 (en) * | 1999-11-23 | 2005-01-11 | Microsoft Corporation | Certificate reissuance for checking the status of a certificate in financial transactions |
US7231327B1 (en) | 1999-12-03 | 2007-06-12 | Digital Sandbox | Method and apparatus for risk management |
US7069234B1 (en) * | 1999-12-22 | 2006-06-27 | Accenture Llp | Initiating an agreement in an e-commerce environment |
BR0108476A (en) | 2000-02-11 | 2003-04-22 | Marcio Marc Abreu | System and method for communicating product recall information, product-related warnings, or other information related to product users. |
US7283977B1 (en) * | 2000-02-25 | 2007-10-16 | Kathleen Tyson-Quah | System for reducing risk payment-based transactions wherein a risk filter routine returns instructions authorizing payment to a payment queue for later re-evaluation |
EP1137209A3 (en) | 2000-03-13 | 2005-06-01 | Texas Instruments Incorporated | Method and receiver for receiving digital broadcast signals |
AU2001247789A1 (en) | 2000-03-22 | 2001-10-03 | Sidestep, Inc. | Method and apparatus for dynamic information connection engine |
US6738760B1 (en) | 2000-03-23 | 2004-05-18 | Albert Krachman | Method and system for providing electronic discovery on computer databases and archives using artificial intelligence to recover legally relevant data |
US7437310B1 (en) * | 2000-03-27 | 2008-10-14 | International Business Machines Corporation | Third party contract depository for E-commerce transactions |
CA2342490A1 (en) | 2000-04-05 | 2001-10-05 | John M. Bader | Method for insolvency claims resolution |
JP2001297206A (en) * | 2000-04-14 | 2001-10-26 | Nec Corp | On-line shopping method and mail-order system using network |
US20010049651A1 (en) | 2000-04-28 | 2001-12-06 | Selleck Mark N. | Global trading system and method |
JP2002056176A (en) | 2000-06-01 | 2002-02-20 | Asgent Inc | Method and device for structuring security policy and method and device for supporting security policy structuring |
US20020046053A1 (en) | 2000-09-01 | 2002-04-18 | Nuservice Corporation | Web based risk management system and method |
US20020091706A1 (en) | 2000-09-06 | 2002-07-11 | Johnson Controls Technology Company | Vehicle history and personalization information management system and method |
US7383223B1 (en) | 2000-09-20 | 2008-06-03 | Cashedge, Inc. | Method and apparatus for managing multiple accounts |
US7415607B2 (en) * | 2000-12-22 | 2008-08-19 | Oracle International Corporation | Obtaining and maintaining real time certificate status |
US8311911B2 (en) * | 2000-12-30 | 2012-11-13 | E*Trade Financial Corporation | Global foreign exchange system |
US20020087454A1 (en) | 2000-12-30 | 2002-07-04 | Bea Calo | Global trading system |
US20020103852A1 (en) * | 2001-01-26 | 2002-08-01 | Pushka Wayne L. | System for optimizing investment performance |
US20020120477A1 (en) * | 2001-02-09 | 2002-08-29 | Robert Jefferson Jinnett | System and method for supporting legally-compliant automated regulated services and/or products in connection with multi-jurisdictional transactions |
US20020120582A1 (en) * | 2001-02-26 | 2002-08-29 | Stephen Elston | Method for establishing an electronic commerce account |
US20020128964A1 (en) * | 2001-03-08 | 2002-09-12 | Dewayne Baker | Electronic exchange and settlement system for cash letter adjustments for financial institutions |
US20030074272A1 (en) | 2001-03-16 | 2003-04-17 | Knegendorf William A. | System and method for distributing product hazard information |
US8140415B2 (en) | 2001-03-20 | 2012-03-20 | Goldman Sachs & Co. | Automated global risk management |
US20020138371A1 (en) | 2001-03-20 | 2002-09-26 | David Lawrence | Online transaction risk management |
US20020138417A1 (en) * | 2001-03-20 | 2002-09-26 | David Lawrence | Risk management clearinghouse |
US8527400B2 (en) | 2001-03-20 | 2013-09-03 | Goldman, Sachs & Co. | Automated account risk management |
US20030167177A1 (en) | 2001-03-27 | 2003-09-04 | Donald Branch | Transaction derived charitable contribution system |
US7464057B2 (en) * | 2001-03-30 | 2008-12-09 | Citibank, N.A. | Method and system for multi-currency escrow service for web-based transactions |
US20020143562A1 (en) | 2001-04-02 | 2002-10-03 | David Lawrence | Automated legal action risk management |
CA2350445A1 (en) * | 2001-06-12 | 2002-07-31 | Bob Van Leeuwen | Programmable joint payment guarantee financial instrument set |
US20030069894A1 (en) | 2001-09-17 | 2003-04-10 | Darlene Cotter | Computer-based system for assessing compliance with governmental regulations |
US20030065942A1 (en) | 2001-09-28 | 2003-04-03 | Lineman David J. | Method and apparatus for actively managing security policies for users and computers in a network |
US6975996B2 (en) | 2001-10-09 | 2005-12-13 | Goldman, Sachs & Co. | Electronic subpoena service |
US9076134B2 (en) | 2001-10-15 | 2015-07-07 | Chequepoint Franchise Corporation | Computerized money transfer system and method |
US7231395B2 (en) * | 2002-05-24 | 2007-06-12 | Overture Services, Inc. | Method and apparatus for categorizing and presenting documents of a distributed database |
US7428756B2 (en) * | 2003-05-12 | 2008-09-23 | Sun Microsystems, Inc. | Access control over dynamic intellectual capital content |
US7698557B2 (en) * | 2003-12-22 | 2010-04-13 | Guardtime As | System and method for generating a digital certificate |
US20050187864A1 (en) * | 2004-02-24 | 2005-08-25 | First Data Corporation | System for maintaining presentation instrument data |
US7694135B2 (en) * | 2004-07-16 | 2010-04-06 | Geotrust, Inc. | Security systems and services to provide identity and uniform resource identifier verification |
-
2002
- 2002-10-23 US US10/278,380 patent/US7899722B1/en not_active Expired - Fee Related
-
2011
- 2011-02-03 US US13/020,709 patent/US20110131125A1/en not_active Abandoned
Patent Citations (116)
Publication number | Priority date | Publication date | Assignee | Title |
---|---|---|---|---|
US4376978A (en) * | 1980-07-29 | 1983-03-15 | Merrill Lynch Pierce, Fenner & Smith | Securities brokerage-cash management system |
US4718009A (en) * | 1984-02-27 | 1988-01-05 | Default Proof Credit Card System, Inc. | Default proof credit card method system |
US4727243A (en) * | 1984-10-24 | 1988-02-23 | Telenet Communications Corporation | Financial transaction system |
US4734564A (en) * | 1985-05-02 | 1988-03-29 | Visa International Service Association | Transaction system with off-line risk assessment |
US4812628A (en) * | 1985-05-02 | 1989-03-14 | Visa International Service Association | Transaction system with off-line risk assessment |
US4799156A (en) * | 1986-10-01 | 1989-01-17 | Strategic Processing Corporation | Interactive market management system |
US5864828A (en) * | 1987-04-15 | 1999-01-26 | Proprietary Financial Products, Inc. | Personal financial management system for creation of a client portfolio of investment and credit facilities where funds are distributed based on a preferred allocation |
US4989141A (en) * | 1987-06-01 | 1991-01-29 | Corporate Class Software | Computer system for financial analyses and reporting |
US5398300A (en) * | 1990-07-27 | 1995-03-14 | Hnc, Inc. | Neural network having expert system functionality |
US5177342A (en) * | 1990-11-09 | 1993-01-05 | Visa International Service Association | Transaction approval system |
US6014228A (en) * | 1991-02-05 | 2000-01-11 | International Integrated Communications, Ltd. | Method and apparatus for delivering secured hard-copy facsimile documents |
US5732397A (en) * | 1992-03-16 | 1998-03-24 | Lincoln National Risk Management, Inc. | Automated decision-making arrangement |
US6868408B1 (en) * | 1994-04-28 | 2005-03-15 | Citibank, N.A. | Security systems and methods applicable to an electronic monetary system |
US6513018B1 (en) * | 1994-05-05 | 2003-01-28 | Fair, Isaac And Company, Inc. | Method and apparatus for scoring the likelihood of a desired performance result |
US5502637A (en) * | 1994-06-15 | 1996-03-26 | Thomson Shared Services, Inc. | Investment research delivery system |
US5717923A (en) * | 1994-11-03 | 1998-02-10 | Intel Corporation | Method and apparatus for dynamically customizing electronic information to individual end users |
US5732400A (en) * | 1995-01-04 | 1998-03-24 | Citibank N.A. | System and method for a risk-based purchase of goods |
US20080021835A1 (en) * | 1995-02-13 | 2008-01-24 | Intertrust Technologies Corp. | Trusted infrastructure support systems, methods and techniques for secure electronic commerce, electronic transactions, commerce process control and automation, distributed computing, and rights management |
US5615109A (en) * | 1995-05-24 | 1997-03-25 | Eder; Jeff | Method of and system for generating feasible, profit maximizing requisition sets |
US5884289A (en) * | 1995-06-16 | 1999-03-16 | Card Alert Services, Inc. | Debit card fraud detection and control system |
US5720026A (en) * | 1995-10-06 | 1998-02-17 | Mitsubishi Denki Kabushiki Kaisha | Incremental backup system |
US6018715A (en) * | 1996-02-29 | 2000-01-25 | Electronic Data Systems Corporation | Automated travel planning system |
US5875431A (en) * | 1996-03-15 | 1999-02-23 | Heckman; Frank | Legal strategic analysis planning and evaluation control system and method |
US6205433B1 (en) * | 1996-06-14 | 2001-03-20 | Cybercash, Inc. | System and method for multi-currency transactions |
US5878400A (en) * | 1996-06-17 | 1999-03-02 | Trilogy Development Group, Inc. | Method and apparatus for pricing products in multi-level product and organizational groups |
US6304915B1 (en) * | 1996-09-26 | 2001-10-16 | Hewlett-Packard Company | System, method and article of manufacture for a gateway system architecture with system administration information accessible from a browser |
US20060010063A1 (en) * | 1996-11-27 | 2006-01-12 | Diebold, Incorporated | Automated banking machine system with multiple browsers |
US5903882A (en) * | 1996-12-13 | 1999-05-11 | Certco, Llc | Reliance server for electronic transaction system |
US20020016854A1 (en) * | 1996-12-13 | 2002-02-07 | Shigeki Hirasawa | Method of sending and receiving information and system using such method |
US6684190B1 (en) * | 1997-01-07 | 2004-01-27 | Financial Profiles, Inc. | Apparatus and method for exposing, evaluating and re-balancing risk for decision-making in financial planning |
US6199073B1 (en) * | 1997-04-21 | 2001-03-06 | Ricoh Company, Ltd. | Automatic archiving of documents during their transfer between a peripheral device and a processing device |
US6253322B1 (en) * | 1997-05-21 | 2001-06-26 | Hitachi, Ltd. | Electronic certification authentication method and system |
US6018723A (en) * | 1997-05-27 | 2000-01-25 | Visa International Service Association | Method and apparatus for pattern generation |
US6119103A (en) * | 1997-05-27 | 2000-09-12 | Visa International Service Association | Financial risk prediction systems and methods therefor |
US5991743A (en) * | 1997-06-30 | 1999-11-23 | General Electric Company | System and method for proactively monitoring risk exposure |
US6341267B1 (en) * | 1997-07-02 | 2002-01-22 | Enhancement Of Human Potential, Inc. | Methods, systems and apparatuses for matching individuals with behavioral requirements and for managing providers of services to evaluate or increase individuals' behavioral capabilities |
US6513020B1 (en) * | 1997-10-30 | 2003-01-28 | Macro Securities Research, Llc | Proxy asset data processor |
US6021397A (en) * | 1997-12-02 | 2000-02-01 | Financial Engines, Inc. | Financial advisory system |
US6202053B1 (en) * | 1998-01-23 | 2001-03-13 | First Usa Bank, Na | Method and apparatus for generating segmentation scorecards for evaluating credit risk of bank card applicants |
US6016963A (en) * | 1998-01-23 | 2000-01-25 | Mondex International Limited | Integrated circuit card with means for performing risk management |
US6055636A (en) * | 1998-01-27 | 2000-04-25 | Entrust Technologies, Limited | Method and apparatus for centralizing processing of key and certificate life cycle management |
US20020035543A1 (en) * | 1998-04-27 | 2002-03-21 | Aurora Wireless Technologies, Ltd. | System and method for detecting high credit risk customers |
US6182095B1 (en) * | 1998-04-30 | 2001-01-30 | General Electric Capital Corporation | Document generator |
US6349290B1 (en) * | 1998-06-30 | 2002-02-19 | Citibank, N.A. | Automated system and method for customized and personalized presentation of products and services of a financial institution |
US7013291B1 (en) * | 1998-09-04 | 2006-03-14 | Green Paul T | Financial instrument filtering system and method therefor |
US6895393B1 (en) * | 1998-10-01 | 2005-05-17 | Hitachi, Ltd. | Electronic book distributing system by use of purchase certificate and devices therefor |
US7209889B1 (en) * | 1998-12-24 | 2007-04-24 | Henry Whitfield | Secure system for the issuance, acquisition, and redemption of certificates in a transaction network |
US6651240B1 (en) * | 1999-02-17 | 2003-11-18 | Fujitsu Limited | Object-oriented software development support apparatus and development support method |
US6591252B1 (en) * | 1999-03-04 | 2003-07-08 | Steven R. Young | Method and apparatus for authenticating unique items |
US20020004725A1 (en) * | 1999-03-23 | 2002-01-10 | Dental Medicine International, L.L.C. | Method and system for healthcare treatment planning and assessment |
US6983266B1 (en) * | 1999-04-07 | 2006-01-03 | Alert-Km Pty Ltd | Compliance monitoring for anomaly detection |
US6839682B1 (en) * | 1999-05-06 | 2005-01-04 | Fair Isaac Corporation | Predictive modeling of consumer financial behavior using supervised segmentation and nearest-neighbor matching |
US7165045B1 (en) * | 1999-05-19 | 2007-01-16 | Miral Kim-E | Network-based trading system and method |
US6347307B1 (en) * | 1999-06-14 | 2002-02-12 | Integral Development Corp. | System and method for conducting web-based financial transactions in capital markets |
US20090024500A1 (en) * | 1999-07-30 | 2009-01-22 | Alan Kay | System and Method of Transaction Settlement Using Trade Credit |
US6523027B1 (en) * | 1999-07-30 | 2003-02-18 | Accenture Llp | Interfacing servers in a Java based e-commerce architecture |
US20020032626A1 (en) * | 1999-12-17 | 2002-03-14 | Dewolf Frederik M. | Global asset information registry |
US7167844B1 (en) * | 1999-12-22 | 2007-01-23 | Accenture Llp | Electronic menu document creator in a virtual financial environment |
US20070038544A1 (en) * | 1999-12-23 | 2007-02-15 | Bill Snow | Method and apparatus for financial investment advice available to a host of users over a public network |
US20020023109A1 (en) * | 1999-12-30 | 2002-02-21 | Lederer Donald A. | System and method for ensuring compliance with regulations |
US20020010784A1 (en) * | 2000-01-06 | 2002-01-24 | Clayton Gary E. | Policy notice method and system |
US20020032635A1 (en) * | 2000-01-06 | 2002-03-14 | Stewart Harris | Systems and methods for monitoring credit of trading couterparties |
US6516056B1 (en) * | 2000-01-07 | 2003-02-04 | Vesta Corporation | Fraud prevention system and method |
US6985886B1 (en) * | 2000-03-14 | 2006-01-10 | Everbank | Method and apparatus for a mortgage loan management system |
US20020029249A1 (en) * | 2000-03-17 | 2002-03-07 | Campbell Leo J. | Methods and systems for providing an electronic account to a customer |
US20090031127A1 (en) * | 2000-03-17 | 2009-01-29 | United States Postal Service | Methods and systems for proofing identities using a certificate authority |
US6714918B2 (en) * | 2000-03-24 | 2004-03-30 | Access Business Group International Llc | System and method for detecting fraudulent transactions |
US20020023053A1 (en) * | 2000-04-05 | 2002-02-21 | Szoc Ronald Z. | System, method and apparatus for international financial transactions |
US7006992B1 (en) * | 2000-04-06 | 2006-02-28 | Union State Bank | Risk assessment and management system |
US20020019804A1 (en) * | 2000-06-29 | 2002-02-14 | Sutton Robert E. | Method for providing financial and risk management |
US20020032665A1 (en) * | 2000-07-17 | 2002-03-14 | Neal Creighton | Methods and systems for authenticating business partners for secured electronic transactions |
US20080027749A1 (en) * | 2000-07-19 | 2008-01-31 | Ijet Travel International, Inc. | Global asset risk management systems and methods |
US6842737B1 (en) * | 2000-07-19 | 2005-01-11 | Ijet Travel Intelligence, Inc. | Travel information method and associated system |
US20020073237A1 (en) * | 2000-07-27 | 2002-06-13 | George Nancy Fox | Methods of managing data over a networked system of computers |
US7317546B2 (en) * | 2000-07-27 | 2008-01-08 | Hitachi, Ltd. | Certification method and device and certificate issuer system |
US20020035520A1 (en) * | 2000-08-02 | 2002-03-21 | Weiss Allan N. | Property rating and ranking system and method |
US20030050718A1 (en) * | 2000-08-09 | 2003-03-13 | Tracy Richard P. | Enhanced system, method and medium for certifying and accrediting requirements compliance |
US7380270B2 (en) * | 2000-08-09 | 2008-05-27 | Telos Corporation | Enhanced system, method and medium for certifying and accrediting requirements compliance |
US20020032646A1 (en) * | 2000-09-08 | 2002-03-14 | Francis Sweeney | System and method of automated brokerage for risk management services and products |
US20020035685A1 (en) * | 2000-09-11 | 2002-03-21 | Masahiro Ono | Client-server system with security function intermediary |
US20090043687A1 (en) * | 2000-11-01 | 2009-02-12 | Van Soestbergen Mark | Method and System for Banking and Exchanging Emission Reduction Credits |
US20070005496A1 (en) * | 2000-11-06 | 2007-01-04 | Cataline Glen R | System and method for selectable funding of electronic transactions |
US20030026268A1 (en) * | 2000-11-28 | 2003-02-06 | Siemens Technology-To-Business Center, Llc | Characteristic routing |
US20030009418A1 (en) * | 2000-12-08 | 2003-01-09 | Green Gerald M. | Systems and methods for electronically verifying and processing information |
US20040039704A1 (en) * | 2001-01-17 | 2004-02-26 | Contentguard Holdings, Inc. | System and method for supplying and managing usage rights of users and suppliers of items |
US7181428B2 (en) * | 2001-01-30 | 2007-02-20 | Goldman, Sachs & Co. | Automated political risk management |
US7319971B2 (en) * | 2001-01-31 | 2008-01-15 | Corprofit Systems Pty Ltd | System for managing risk |
US20040024693A1 (en) * | 2001-03-20 | 2004-02-05 | David Lawrence | Proprietary risk management clearinghouse |
US20040006532A1 (en) * | 2001-03-20 | 2004-01-08 | David Lawrence | Network access risk management |
US20030023543A1 (en) * | 2001-04-30 | 2003-01-30 | Mel Gunewardena | Method, software program, and system for ranking relative risk of a plurality of transactions |
US20020184068A1 (en) * | 2001-06-04 | 2002-12-05 | Krishnan Krish R. | Communications network-enabled system and method for determining and providing solutions to meet compliance and operational risk management standards and requirements |
US20030018549A1 (en) * | 2001-06-07 | 2003-01-23 | Huchen Fei | System and method for rapid updating of credit information |
US20030009419A1 (en) * | 2001-06-11 | 2003-01-09 | Chavez R. Martin | Risk management system and trade engine with automatic trade feed and market data feed |
US20030004954A1 (en) * | 2001-06-27 | 2003-01-02 | Clark Mark A. | Conflict assessment system tool |
US6714894B1 (en) * | 2001-06-29 | 2004-03-30 | Merritt Applications, Inc. | System and method for collecting, processing, and distributing information to promote safe driving |
US20030018483A1 (en) * | 2001-07-17 | 2003-01-23 | Pickover Clifford A. | System to manage electronic data |
US20030018522A1 (en) * | 2001-07-20 | 2003-01-23 | Psc Scanning, Inc. | Biometric system and method for identifying a customer upon entering a retail establishment |
US20030061201A1 (en) * | 2001-08-13 | 2003-03-27 | Xerox Corporation | System for propagating enrichment between documents |
US20030046114A1 (en) * | 2001-08-28 | 2003-03-06 | Davies Richard J. | System, method, and apparatus for storing, retrieving, and integrating clinical, diagnostic, genomic, and therapeutic data |
US7003661B2 (en) * | 2001-10-12 | 2006-02-21 | Geotrust, Inc. | Methods and systems for automated authentication, processing and issuance of digital certificates |
US20030097451A1 (en) * | 2001-11-16 | 2003-05-22 | Nokia, Inc. | Personal data repository |
US20030145223A1 (en) * | 2002-01-28 | 2003-07-31 | Intel Corporation | Controlled access to credential information of delegators in delegation relationships |
US8090734B2 (en) * | 2002-05-31 | 2012-01-03 | American Express Travel Related Services Company, Inc. | System and method for assessing risk |
US20030233258A1 (en) * | 2002-06-18 | 2003-12-18 | Cottrell Matthew D. | Methods and systems for tracking and accounting for the disclosure of record information |
US20050033849A1 (en) * | 2002-06-20 | 2005-02-10 | Bellsouth Intellectual Property Corporation | Content blocking |
US20040015376A1 (en) * | 2002-07-03 | 2004-01-22 | Conoco Inc. | Method and system to value projects taking into account political risks |
US7657482B1 (en) * | 2002-07-15 | 2010-02-02 | Paymentech, L.P. | System and apparatus for transaction fraud processing |
US20040044617A1 (en) * | 2002-09-03 | 2004-03-04 | Duojia Lu | Methods and systems for enterprise risk auditing and management |
US20040044505A1 (en) * | 2002-09-04 | 2004-03-04 | Richard Horwitz | Method and system for identifying risk factors |
US20040054563A1 (en) * | 2002-09-17 | 2004-03-18 | Douglas William J. | Method for managing enterprise risk |
US7161465B2 (en) * | 2003-04-08 | 2007-01-09 | Richard Glee Wood | Enhancing security for facilities and authorizing providers |
US7650496B2 (en) * | 2003-08-15 | 2010-01-19 | Venafi, Inc. | Renewal product for digital certificates |
US7653810B2 (en) * | 2003-08-15 | 2010-01-26 | Venafi, Inc. | Method to automate the renewal of digital certificates |
US20050065872A1 (en) * | 2003-09-12 | 2005-03-24 | Moebs G. Michael | Risk identification system and methods |
US20060004719A1 (en) * | 2004-07-02 | 2006-01-05 | David Lawrence | Systems and methods for managing information associated with legal, compliance and regulatory risk |
US20060004878A1 (en) * | 2004-07-02 | 2006-01-05 | David Lawrence | Method, system, apparatus, program code and means for determining a redundancy of information |
Non-Patent Citations (3)
Title |
---|
"Commentary: Foreign Assets Control Regulations: The Countries Aren't Enough", Letter of Credit Update, March 1996, pp 23- 27 * |
"OFAC Compliance: A Perspective for Community Banks", ABA Bank Compliance November/december 1998, pp 39-48 * |
"Specially designated Who? A Primer on OFAC Compliance" ABA Bank Compliance March/April 1996, pp 29-36 * |
Cited By (16)
Publication number | Priority date | Publication date | Assignee | Title |
---|---|---|---|---|
US11030579B1 (en) | 2013-07-15 | 2021-06-08 | Jpmorgan Chase Bank, N.A. | Method and system for incident communication |
US20150339651A1 (en) * | 2014-05-21 | 2015-11-26 | International Business Machines Corporation | Cash flow analytics driven correspondent bank network optimization |
US9886707B1 (en) | 2014-12-18 | 2018-02-06 | Jpmorgan Chase Bank, N.A. | System and method for building dynamic hierarchy for products |
US9906413B1 (en) | 2014-12-18 | 2018-02-27 | Jpmorgan Chase Bank, N.A. | System and method for implementing a dynamic hierarchy for devices |
US11032422B1 (en) | 2016-05-12 | 2021-06-08 | State Farm Mutual Automobile Insurance Company | Heuristic sales agent training assistant |
US10810593B1 (en) | 2016-05-12 | 2020-10-20 | State Farm Mutual Automobile Insurance Company | Heuristic account fraud detection engine |
US10832249B1 (en) * | 2016-05-12 | 2020-11-10 | State Farm Mutual Automobile Insurance Company | Heuristic money laundering detection engine |
US10970641B1 (en) | 2016-05-12 | 2021-04-06 | State Farm Mutual Automobile Insurance Company | Heuristic context prediction engine |
US10810663B1 (en) | 2016-05-12 | 2020-10-20 | State Farm Mutual Automobile Insurance Company | Heuristic document verification and real time deposit engine |
US10769722B1 (en) | 2016-05-12 | 2020-09-08 | State Farm Mutual Automobile Insurance Company | Heuristic credit risk assessment engine |
US11164238B1 (en) | 2016-05-12 | 2021-11-02 | State Farm Mutual Automobile Insurance Company | Cross selling recommendation engine |
US11164091B1 (en) | 2016-05-12 | 2021-11-02 | State Farm Mutual Automobile Insurance Company | Natural language troubleshooting engine |
US11461840B1 (en) | 2016-05-12 | 2022-10-04 | State Farm Mutual Automobile Insurance Company | Heuristic document verification and real time deposit engine |
US11544783B1 (en) | 2016-05-12 | 2023-01-03 | State Farm Mutual Automobile Insurance Company | Heuristic credit risk assessment engine |
US11556934B1 (en) | 2016-05-12 | 2023-01-17 | State Farm Mutual Automobile Insurance Company | Heuristic account fraud detection engine |
US11734690B1 (en) | 2016-05-12 | 2023-08-22 | State Farm Mutual Automobile Insurance Company | Heuristic money laundering detection engine |
Also Published As
Publication number | Publication date |
---|---|
US7899722B1 (en) | 2011-03-01 |
Similar Documents
Publication | Publication Date | Title |
---|---|---|
US20110131125A1 (en) | Correspondent Bank Registry | |
US7904361B2 (en) | Risk management customer registry | |
US8266051B2 (en) | Biometric risk management | |
US8311933B2 (en) | Hedge fund risk management | |
US7548883B2 (en) | Construction industry risk management clearinghouse | |
US20020138417A1 (en) | Risk management clearinghouse | |
US8209246B2 (en) | Proprietary risk management clearinghouse | |
US7958027B2 (en) | Systems and methods for managing risk associated with a geo-political area | |
US20040006532A1 (en) | Network access risk management | |
US8843411B2 (en) | Gaming industry risk management clearinghouse | |
US20030033241A1 (en) | Methods and systems for automated loan origination, processing and approval | |
US20030233319A1 (en) | Electronic fund transfer participant risk management clearing | |
US20040193532A1 (en) | Insider trading risk management | |
US20040143446A1 (en) | Long term care risk management clearinghouse | |
US8285615B2 (en) | Construction industry risk management clearinghouse | |
US20110131136A1 (en) | Risk Management Customer Registry | |
CA2478898A1 (en) | Network access risk management | |
WO2004072803A2 (en) | Insider trading risk management | |
WO2004003811A1 (en) | Risk management customer registry | |
WO2004001538A2 (en) | Hedge fund risk management | |
EP1376439A1 (en) | Correspondent bank registry | |
WO2004001544A2 (en) | Biometric risk management | |
WO2006110121A1 (en) | Construction industry risk management clearinghouse | |
WO2004021102A2 (en) | Gaming industry risk management clearinghouse | |
WO2003104938A2 (en) | Electronic fund transfer participant risk management clearing |
Legal Events
Date | Code | Title | Description |
---|---|---|---|
AS | Assignment |
Owner name: REGULATORY DATACORP, INC., PENNSYLVANIA Free format text: ASSIGNMENT OF ASSIGNORS INTEREST;ASSIGNOR:GOLDMAN SACHS & CO.;REEL/FRAME:040054/0122 Effective date: 20160422 |
|
AS | Assignment |
Owner name: GOLDMAN SACHS PRIVATE MIDDLE MARKET CREDIT LLC, AS Free format text: SECURITY INTEREST;ASSIGNOR:REGULATORY DATACORP, INC.;REEL/FRAME:039816/0190 Effective date: 20160921 Owner name: ANTARES CAPITAL LP, AS COLLATERAL AGENT, ILLINOIS Free format text: FIRST LIEN PATENT SECURITY AGREEMENT;ASSIGNOR:REGULATORY DATACORP, INC.;REEL/FRAME:040095/0272 Effective date: 20160921 |
|
AS | Assignment |
Owner name: REGULATORY DATACORP, INC., PENNSYLVANIA Free format text: MERGER;ASSIGNOR:REGULATORY DATACORP, INTL LLC;REEL/FRAME:040483/0506 Effective date: 20070727 Owner name: REGULATORY DATACORP, INC., PENNSYLVANIA Free format text: CORRECTIVE ASSIGNMENT TO CORRECT THE ASSIGNOR NAME PREVIOUSLY RECORDED AT REEL: 040054 FRAME: 0122. ASSIGNOR(S) HEREBY CONFIRMS THE ASSIGNMENT;ASSIGNOR:GOLDMAN, SACHS & CO.;REEL/FRAME:040479/0394 Effective date: 20160422 |
|
STCB | Information on status: application discontinuation |
Free format text: ABANDONED -- FAILURE TO RESPOND TO AN OFFICE ACTION |
|
AS | Assignment |
Owner name: REGULATORY DATACORP, INC., PENNSYLVANIA Free format text: RELEASE BY SECURED PARTY;ASSIGNOR:GOLDMAN SACHS PRIVATE MIDDLE MARKET CREDIT LLC;REEL/FRAME:045795/0795 Effective date: 20180514 |
|
AS | Assignment |
Owner name: REGULATORY DATACORP, INC., PENNSYLVANIA Free format text: RELEASE OF SECURITY INTEREST IN PATENT COLLATERAL;ASSIGNOR:ANTARES CAPITAL LP;REEL/FRAME:051931/0397 Effective date: 20200213 |