API Gateway for Unified Financial Data Access
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Solution Overview
Problem
Integrating data from separate systems is a technically challenging and time-consuming process, especially when the systems use different access points and formats, leading to user confusion and incomplete entity combination.
Innovation Solution
A system utilizing an application programming interface (API) that provides a common user interface for accessing and performing functions across separate financial account data systems, determining the appropriate data system to execute requested functions based on user input, and returning results through the integrated interface.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Ease of operation
If separate data systems are integrated, then data accessibility and user experience improve, but integration complexity and time requirements increase
Solution Approach 1:
The patent introduces an API gateway as an intermediary layer between the user interface and separate data systems. This gateway receives requests, determines which data system to query, and returns results through a unified interface, eliminating the need for direct integration between systems while maintaining data accessibility.
Solution Approach 2:
The patent segments the data access architecture into independent components: a common user interface, an API gateway, and separate data systems. Each component operates independently, allowing systems to remain unintegrated while still providing unified access through the gateway.
2Adaptability or versatility
If separate systems use different access points, then system independence is maintained, but user confusion increases
Solution Approach 1:
The API gateway provides a universal access point that handles multiple data systems through a single interface. Users interact with one standardized API regardless of which underlying data system is being accessed, maintaining system independence while eliminating user confusion about which access point to use.
3Ease of operation
If data integration is performed, then unified data access is achieved, but processing time and resources increase
Solution Approach 1:
The API gateway is pre-configured with knowledge of multiple data systems and their interfaces. This preliminary setup allows the gateway to immediately route requests to the appropriate system without performing time-consuming integration operations at runtime, achieving unified access without integration time costs.
Data Source
AI summary
A system can include a first financial account data system that may include first account data. The first financial account data system can perform a function according to a first process using the first account data. The system can include a second financial account data system that can include second account data that is unintegrated with the first account data. The second financial account data system can perform a function according to a second process, which can be different than the first process, using the second account data. The system can include a server with an application programming interface. The server can determine a data system among the first and second financial account data systems with which to execute a requested function received via a common user interface. The server can execute the requested function. The server can provide a result of the execution via the common user interface.