Collateral Search Engine Inventory Sourcing System
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Solution Overview
Problem
Existing information systems, particularly in the financial industry, face inefficiencies in resource allocation due to manual updates of resource states, leading to delays, inaccurate data, and reduced flexibility, as well as high processing overheads in collateralization searches, which limits system utility and concurrency.
Innovation Solution
The implementation of an Inventory Sourcing System that maintains a mirrored resource database to dynamically track and filter resources based on user-defined parameters, allowing for efficient allocation and real-time updates, thereby reducing processing burdens and improving resource utilization.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Device complexity
If manual updating of resource states is used, then system complexity is reduced, but resource state accuracy and timeliness deteriorate
Solution Approach 1:
The patent replaces manual mechanical updating processes with automated electronic systems. The resource state tracking system automatically captures, stores, and updates resource state information through electronic data processing, eliminating the need for manual updating while ensuring accurate and timely resource state information is maintained throughout the system.
2Stability of the object's composition
If resources are assigned for specific actions only, then resource state stability is improved, but system flexibility and resource utilization deteriorate
Solution Approach 1:
The patent implements dynamic resource allocation where resources are not permanently assigned to specific actions but are continuously monitored and made available based on current system needs. The automated tracking system enables resources to transition between different uses efficiently, maintaining stability through systematic management while preserving flexibility for reassignment when conditions change.
Solution Approach 2:
The patent creates a universal resource management framework where the same tracking and allocation system serves multiple functions: monitoring resource states, determining availability, managing assignments, and enabling reassignment. This multi-functional approach allows resources to be used for various actions while maintaining organized control.
3Device complexity
If manual resource state updating is used in large systems, then system complexity is reduced, but productivity and resource allocation efficiency deteriorate
Solution Approach 1:
The patent implements a self-updating resource tracking system where the system automatically captures resource state changes, updates databases, and notifies relevant components without human intervention. The electronic data processing system serves itself by automatically maintaining accurate resource information, enabling high productivity in large-scale operations while keeping the underlying structure relatively simple.
Solution Approach 2:
The patent introduces an automated resource state tracking system as an intermediary between resources and decision-making processes. This intermediary automatically collects, processes, and disseminates resource state information, eliminating the need for manual updating while enabling efficient resource allocation across the entire system through centralized electronic data management.
4Adaptability or versatility
If resources are made available for multiple actions, then system flexibility is improved, but resource state tracking complexity and processing overhead deteriorate
Solution Approach 1:
The patent replaces complex manual tracking mechanisms with automated electronic data processing systems. The electronic system automatically monitors resource states, tracks availability for multiple actions, and maintains accurate records without requiring complex manual procedures. This substitution handles the tracking complexity electronically while preserving system flexibility.
Solution Approach 2:
The patent creates a universal tracking framework that handles multiple resource types and actions through a single integrated system. The automated tracking system performs multiple functions simultaneously: monitoring resource states, determining availability for various actions, managing assignments, and enabling reassignment. This multi-functional approach increases flexibility while consolidating tracking complexity into a manageable electronic system.
Data Source
AI summary
Aspects of the invention relate to a computer-implemented method of improving the efficiency of an electronic collateralisation search engine that uses assets distributed on one or more remotely-located asset depositories. The method comprises selecting from a database of asset records of the remotely-located assets of a collateral giver, a subset of asset records having asset characteristics that satisfy a collateral giver's one or more predefined threshold criteria. Restricting a received search of collateral giver's asset records, which match a collateral receiver's query, to the subset of collateral giver's asset records.


