Aggregated Account Display for Secure Real-Time Net Worth Updates
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Solution Overview
Problem
Current digital bill pay platforms suffer from data security, adaptability, and real-time responsiveness issues when managing heterogeneous account structures, leading to inefficiencies and inaccuracies in transaction execution and net worth calculations.
Innovation Solution
A server computing system with a host enterprise mobile application engine that aggregates internal and external user account data, employs a trained ML model to classify and rearrange widgets, enables seamless inter-account transfers, and dynamically updates data, while ensuring security through an entitlement management framework.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If separate interfaces are used for each enterprise or account type, then data security and system complexity are reduced, but user effort and transaction execution errors increase
Solution Approach 1:
The patent merges multiple separate account interfaces into a single unified interface that aggregates account information from multiple enterprises and account types. This allows users to view and manage all accounts in one place, reducing user effort and minimizing errors while maintaining security through controlled data aggregation.
Solution Approach 2:
The system creates a universal interface that serves multiple functions: displaying accounts from different enterprises, enabling transactions across various account types, and providing a consistent user experience. This multi-functional approach eliminates the need for separate interfaces while maintaining system security.
2Measurement precision
If static or semi-static net worth summaries are provided, then system complexity is reduced, but accuracy and utility of net worth metrics decrease due to lack of real-time updates
Solution Approach 1:
The system implements real-time feedback mechanisms that continuously monitor account balances and transaction statuses across all connected accounts. This feedback loop enables dynamic net worth calculations that automatically update whenever account data changes, ensuring accuracy without requiring complex manual intervention.
Solution Approach 2:
The net worth calculation operates continuously in the background, automatically updating whenever account data changes. This continuous operation ensures that net worth metrics always reflect current account states without requiring users to manually trigger updates, balancing accuracy with system complexity.
3Ease of operation
If basic visualizations are used for account data presentation, then device complexity is reduced, but user engagement and decision-making capability are limited
Solution Approach 1:
The system transforms static account visualizations into dynamic, interactive widgets that can respond to user actions and automatically update based on real-time data. These dynamic elements enhance user engagement and decision-making capability while managing complexity through structured interaction patterns.
Solution Approach 2:
The interactive widgets are designed to serve users autonomously by automatically updating account information, providing real-time net worth calculations, and enabling transactions without requiring manual intervention. This self-service approach enhances user engagement while containing complexity within automated processes.
Data Source
AI summary
The present disclosure relates to technology for aggregating a plurality of internal user account data and external user account data for visual display on a user interface (UI) of a client device, and facilitating transactions (e.g., fund transfers, bill payment) between internal user accounts and external user accounts.