Anonymous Digital Funding Group Automation

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Solution Overview

Problem

Ad-hoc lending groups are labor-intensive and time-consuming to negotiate, especially for short-notice purposes, and service providers struggle to capitalize on opportunities to offer targeted assistance due to the lack of digital platforms for anonymous, automated financial aid.

Innovation Solution

A system and method for automatic anonymous digital funding groups, where a digital funding group client application generates an alias to obscure user identity, monitors device idle timers to keep devices active, performs electronic searches for sponsorship opportunities, and displays relevant results to users, enabling anonymous and automated financial transactions.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Ease of operation

If ad-hoc lending groups are formed through in-person negotiation, then users can establish lending arrangements, but the process becomes labor-intensive and time-consuming

Engineering Contradiction:

Improveease of forming lending groupsVSAvoidtime to negotiate lending arrangements

Core Design Contradiction:

Ease of operationVSLoss of time

Solution Approach 1:

The patent replaces manual, in-person negotiation processes with automated electronic systems. The digital funding group client application automatically performs electronic searches for sponsorship opportunities, monitors device state, and manages transaction workflows without requiring manual intervention for each step, thereby reducing both labor intensity and negotiation time

Inventive Principle:

Principle #28Mechanics substitution (Replace mechanical system)

Solution Approach 2:

The system enables self-service through automated features where the application independently monitors device idle timers, performs searches for funding opportunities, and manages group formation workflows without requiring continuous user intervention, allowing users to establish lending arrangements with minimal effort

Inventive Principle:

Principle #25Self-service

2Speed

If ad-hoc lending groups are formed for short-notice purposes, then users can access funds quickly, but the process remains difficult and labor-intensive

Engineering Contradiction:

Improvespeed of forming lending groupsVSAvoidcomplexity of manual coordination

Core Design Contradiction:

SpeedVSDevice complexity

Solution Approach 1:

The system performs preliminary actions by automatically searching for sponsorship opportunities and pre-establishing digital funding group frameworks before transactions are needed. The application proactively monitors device state and maintains readiness, enabling rapid formation of lending groups on short notice without manual coordination complexity

Inventive Principle:

Principle #10Preliminary action

Solution Approach 2:

The digital funding group client application serves as an intermediary that automates the coordination between potential lenders and borrowers. It manages the complex workflows of group formation, transaction monitoring, and sponsorship searching, reducing the complexity burden from users while enabling fast group formation

Inventive Principle:

Principle #24Intermediary (Mediator)

3Adaptability or versatility

If service providers want to offer targeted assistance, then they can help funding needs, but they cannot become aware of opportunities without a digital platform

Engineering Contradiction:

Improveability to offer targeted assistanceVSAvoidvisibility of funding opportunities

Core Design Contradiction:

Adaptability or versatilityVSLoss of information

Solution Approach 1:

The system implements feedback mechanisms where the digital funding group client application automatically searches for and receives information about sponsorship opportunities from service providers. This creates a feedback loop that makes funding opportunities visible to both service providers and users, enabling targeted assistance while maintaining information visibility through automated electronic communication

Inventive Principle:

Principle #23Feedback

Data Source

PatentUS20240311907A1Systems and methods for private loan creation

Publication Date: 2024.09.19 WELLS FARGO BANK NA

AI summary

A method includes generating an alias that obscures identity information of a user by a remote provider computing system and receiving information relating to a prospective transaction via a digital funding group client application associated with a user computing device and communicatively coupled to the remote provider computing system via a network. The method further includes monitoring a system idle timer of the user computing device and resetting the system idle timer at predetermined time intervals, thereby maintaining the user computing device in active mode. The method further includes, while maintaining the user computing device in active mode, performing an electronic search for a sponsorship opportunity via the network, receiving a search result dataset via the network, generating a displayable result set based on the search result dataset, and rendering the displayable result set on a display. The displayable result set includes at least one prospective sponsor.