System and method for delivering financial services

Abstract

A delivery system and method allow a financial institution to provide financial services to a plurality of remote devices, such as personal computers, personal data assistants, and screen phones. In addition to providing services to these remote devices, the system and method provide services to automatic teller machines (ATMs), external service providers, and internally within the financial institution to staff terminals and to the individual branches of the financial institution. The delivery of financial services is not limited to any particular network but rather may be provided through dial-in access, Internet access, on-line service provider access, or other types of delivery networks. The system is comprised of a set of re-usable global components which are modular and are organized into services sets. By separating the components of the system into independent components, the system and method can be developed and tested on a component level rather than the entire system level, thereby substantially reducing the development and maintenance cycle time. The system and method operate in sessions and, for instance, employ a dialog component for gathering information from a customer, a rule broker component for providing answers to the various legal and regulatory rules in a particular country, a language man component for selecting appropriate language, a transaction executor component for performing transactions, and a presentation manager component for formatting outputs to the customer. The system and method provide state-of-the art interfaces with interface components and support legacy applications with legacy app bridge components. A system management aspect of invention makes use of an agent set that provides a communication mechanism such that managed components of the system can be queried for their status, as well as the concept of instrumentation in which software monitors the hardware devices that are part of the system.

Description

PRIORITY APPLICATIONS[0001]The present application is a divisional of and claims priority to U.S. patent application Ser. No. 09 / 671,422, filed Sep. 27, 2000, entitled “System and Method for Delivering Financial Services”, which claims the benefit of U.S. Provisional Application No. 60 / 156,684 filed Sep. 29, 1999 entitled “System and Method for Remotely Monitoring Hardware and Software Devices (NTDS Management Agents)” and which is a continuation-in-part of U.S. patent application Ser. No. 09 / 323,210 filed Jun. 1, 1999, entitled “System and Method for Delivering Financial Services”, which is a continuation of U.S. Pat. No. 5,933,816, entitled “System and Method for Delivering Financial Services” issued on Aug. 3, 1999, each of which is incorporated herein by this reference.CROSS-REFERENCE TO RELATED APPLICATIONS[0002]This application is related to U.S. patent application Ser. No. 09 / 671,424 filed Sep. 27, 2000, entitled “System and Method for Delivering Financial Services,” and inco...

AI Technical Summary

Benefits of technology

"The invention is a system and method for delivering financial services to remote devices through a single base. The system includes a presentation manager that separates content from format for different devices. The system can access a variety of remote devices through a variety of means such as dial-up access, screen phones, or personal data assistants. The system uses a rule broker to handle regulatory or business rules, and a session controller to manage resources for multiple sessions. The system also includes an agent set for communication with ATMs and a status monitor agent to monitor managed components. The system management services include a management protocol agent, a command dispatch agent, and a status monitor agent. The invention allows for seamless integration with existing legacy applications and provides a consistent user interface for customers."

Problems solved by technology

Since the ATMs must access the books of the banks to allow customers to perform their transactions, banks had to provide an interface between the ATMs and the bank's internal computer system that allows the ATMs limited but secure access to the bank's books.

One difficulty facing banks is that they must provide a first interface between the bank's internal computer system and the staff terminals, a second interface between the internal computer system and the ATMs, and a third interface between the internal computer system and the personal computers.

Each of these interfaces or platforms adds complexity to the bank's overall computer system and each competes with the other for access to the bank's books.

This added complexity is significant since the amount of resources that the bank must devote toward maintaining its computer system is increased due to these three separate platforms.

The complexity of a bank's computer system will only grow as banks continue to provide more and more services.

These additional remote devices and the connection to the ISP would further complicate the bank's internal computer system and would require the bank to devote more resources in maintaining and upgrading its computer system.

Each expansion into another type of service requires a significant amount of modification to the software and possibly hardware in the bank's internal computing system.

These additional services, although necessary to remain competitive, require a considerable amount of work on the bank's computer system.

The complexity in offering financial services will also be compounded as more and more services are being provided in an international market.

The platform or platforms needed to interface with the banking systems of other countries will further tax the ability of a bank to maintain its computer system and its books.

Another difficulty facing a bank entering another country is that the bank must, in effect, create a new computer system for each country that it enters.

This extra amount of effort required to shape a computer system according to the rules and laws of its home country consumes more of the bank's valuable resources.

The creation of computer systems for banks in other countries is complicated by the difference in languages.

Due to the extremely sensitive nature of the data in the bank's books and the need for total accuracy, any modification to this application must undergo an inordinate amount of testing.

For example, the bank may have several thousand ATMs, which are hardware devices with software running in them, deployed in the field and which include many potential points of failure.

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