Computer implemented system for creating, processing and managing structured data sets

Abstract

The invention relates to a system for managing data comprising a basic function configurator which defines a generic basic function, whereby the function is represented in a basic function by means of a descriptive attribute and associated values or value ranges which are required for processing the basic function. The function is represented on a data set which is associated with a distribution rule. A data set defines, with the respectively associated distribution rules, a generic basic function. The data sets which define the generic basic functions are contained in a basic function list, with the distribution rules thereof for accessing a product presentation configurator. The product presentation configuration combines one or several basic functions and transfers them into a product presentation, wherein the generic basic functions are mutated to specific basic functions for the respective product presentation, by transferring or limiting the values. A product presentation comprises one or several basic functions which are associated with the product. A product presentation having specific basic functions is used as a basis for contractual relations with a partner. The structure of the product presentations are contained in a product presentation list enabling the access of a contract manager.

Description

Background technique [0001] Today, in many companies and administrations concerned with the execution of services, the establishment and execution of business relationships, or the execution of state affairs, a large amount of data exists. There is a need for a structured and systematic technical definition, generation, processing, governance and presentation of the services performed, the relationships entered into, etc. Only in this way can the background and details of the process related to the data be recalled at any time. [0002] An example of a service provider is a bank. In banking operations in recent years, or even in recent decades, there has been increasing differentiation in the services and prices offered. What used to be an almost immutable uniform service (current account, deposit, etc.) has been replaced by an increasing number of different service and price substitutes. The range of financial instruments offered has become wider, and individual financial ...

AI Technical Summary

Problems solved by technology

In addition, it can be prohibitively expensive for banks to professionally inspect contracts agreed "individually"

[0007] The second problem is that, in the case of traditional definition, generation, processing and jurisdiction of products / contracts / services, the difficulty of storing individual agreements in a comprehensible and at the same time compact form leads to substantial data maintenance costs. increase

[0008] Furthermore, characterizing products / contracts / services and their processing in traditional processes is very difficult, reflected in increased data traffic and greater susceptibility to errors, with associated additional costs

[0009] Finally, the development of new products takes a relatively long time in the traditional process

Specifically, this is due to the increased compliance with legal requirements in today's complex IT environment for service providers such as banks or other institutions, as well as the increased cost of implementation and testing

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