Interactive Map for Event-Driven Funding Path Automation
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Solution Overview
Problem
Current financial transaction processes are inefficient and vulnerable to human error and fraudulent activities due to the need for significant human involvement, which complicates the execution of directed and secondary events across multiple accounts and entities.
Innovation Solution
A system that uses a hardware processor, communications circuit, and machine-readable medium to determine and execute secondary events based on event rules, generating an interactive map of the funding path and ensuring sequential execution of events, while monitoring completion status and resolving discrepancies automatically.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Manufacturing precision
If human involvement is increased to manage complex financial transactions, then transaction accuracy and control are improved, but process efficiency and security are worsened due to vulnerabilities to human error and fraudulent activity
Solution Approach 1:
The system enables self-service through automated event execution. The processor automatically determines secondary events, establishes occurrence sequences, and executes transactions without human intervention. The system monitors completion status and resolves discrepancies autonomously, eliminating the need for manual oversight while maintaining accuracy and security through rule-based automation.
Solution Approach 2:
The patent replaces manual mechanical processes with an automated computational system. Human operators are substituted by a processor that applies event rules, determines event sequences, and executes transactions electronically. This substitution eliminates human error and fraudulent activity while maintaining transaction accuracy through systematic rule-based processing.
2Reliability
If manual monitoring and execution of secondary events is performed, then transaction control is improved, but productivity and time efficiency are worsened due to repetitive manual tasks
Solution Approach 1:
The system performs self-service by automatically monitoring completion status of secondary events and resolving discrepancies without human intervention. The processor continuously tracks event progression, identifies completion status from server information, and autonomously resolves issues, eliminating repetitive manual tasks while maintaining transaction control.
Solution Approach 2:
The system enables continuous automated monitoring and execution of secondary events. The processor operates continuously to track event completion status, manage occurrence sequences, and execute transactions without interruption. This continuous automated action eliminates downtime associated with manual task switching and significantly increases processing speed.
3Adaptability or versatility
If complex transaction sequences are managed manually, then flexibility in handling various scenarios is improved, but device complexity and operational difficulty are worsened
Solution Approach 1:
The system achieves universality through a single processor that handles multiple functions: determining secondary events, establishing occurrence sequences, monitoring completion status, resolving discrepancies, and executing transactions. This multi-functional automated system replaces multiple specialized manual roles, simplifying operations while maintaining flexibility through rule-based adaptability to various transaction scenarios.
Solution Approach 2:
The system manages complexity through parameter-based event rules that define transaction characteristics, relationships, and execution conditions. By changing and adjusting rule parameters rather than restructuring the entire system, the processor adapts to different transaction scenarios efficiently. This parameter-driven approach maintains flexibility while keeping the underlying system architecture simple and manageable.
Data Source
AI summary
A system including a non-transitory machine readable medium storing computer program instructions which, when executed by the processor, cause the system to: obtain directed event parameters defining a directed event, determine a plurality of secondary events and an occurrence sequence for the plurality of secondary events based on a plurality of event rules, issue one or more commands to trigger execution of such plurality of secondary events, monitor a completion status of the plurality of secondary events based on information obtained from the plurality of servers associated with the plurality of fund sources, and/or generate an interactive map providing a visual representation of a funding path, the funding path comprising the plurality of secondary events, the occurrence sequence for the plurality of secondary events, and a completion status of the plurality of secondary events.