Automated Financial Product Comparison System

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Solution Overview

Problem

Individuals face difficulties in navigating complex financial solutions for debt consolidation, home improvement, school loans, and credit card financing due to regulatory complexities, tax implications, and the need for professional assistance, which is often costly and time-consuming.

Innovation Solution

A dynamic computer system that receives user inputs and acquires data from databases and third-party devices to provide a comprehensive, distilled presentation of financial solution products, allowing users to dynamically calculate and compare multiple financial options in real-time.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Measurement precision

If individuals seek professional assistance (financer, accountant, lawyer) to navigate financial solutions, then the quality and accuracy of financial assessment is improved, but the cost and time required increase significantly

Engineering Contradiction:

Improvefinancial assessment accuracyVSAvoidtime required for financial assessment

Core Design Contradiction:

Measurement precisionVSLoss of time

Solution Approach 1:

The system enables individuals to perform financial assessments independently through automated computer-based tools. Users input their financial data and receive personalized financial solution recommendations without requiring professional financers, accountants, or lawyers. The system performs self-service by automatically calculating and comparing multiple financial products based on user-specific criteria.

Inventive Principle:

Principle #25Self-service

Solution Approach 2:

The patent replaces manual professional analysis with automated computer systems. Instead of requiring human experts to manually analyze financial data and compare products, the system uses software algorithms to automatically process information from multiple sources, calculate financial scenarios, and present personalized recommendations, thereby reducing both time and cost while maintaining accuracy.

Inventive Principle:

Principle #28Mechanics substitution (Replace mechanical system)

2Quantity of substance

If individuals manually compile and analyze financial information from disparate sources, then the comprehensiveness of financial comparison is improved, but the time required becomes impracticable

Engineering Contradiction:

Improvecomprehensiveness of financial comparisonVSAvoidtime required for information compilation

Core Design Contradiction:

Quantity of substanceVSLoss of time

Solution Approach 1:

The system performs preliminary data collection and organization by automatically acquiring financial information from multiple sources and databases before the user needs to make a decision. The system pre-processes this information, normalizes it across different formats, and prepares personalized comparisons in advance, so when the user inputs their criteria, the analysis is already ready rather than requiring manual compilation during the decision-making process.

Inventive Principle:

Principle #10Preliminary action

Solution Approach 2:

The computer system acts as an intermediary between the user and the complex financial information ecosystem. Instead of requiring users to directly navigate and manually compile information from multiple disparate sources, the system serves as a mediator that automatically collects, normalizes, and presents this information in a structured, comparable format tailored to user criteria.

Inventive Principle:

Principle #24Intermediary (Mediator)

3Ease of operation

If financial information is presented in a normalized and comparable format, then the ease of financial product comparison is improved, but the complexity of information processing increases

Engineering Contradiction:

Improveease of financial product comparisonVSAvoidcomplexity of information processing system

Core Design Contradiction:

Ease of operationVSDevice complexity

Solution Approach 1:

The system segments the complex financial information processing into distinct modular components: data collection modules for different financial products, normalization modules that standardize data formats, comparison modules that evaluate products against user criteria, and presentation modules that display personalized recommendations. This segmentation allows the complex processing to be managed systematically while presenting simplified results to the user.

Inventive Principle:

Principle #1Segmentation

Solution Approach 2:

The system automatically transforms financial information from diverse formats into a standardized set of comparable parameters. It changes the presentation parameters of financial data to create consistent, normalized views that can be directly compared. The system adjusts data representations based on user preferences and financial criteria, transforming raw information into meaningful comparisons without requiring users to manually process the complexity.

Inventive Principle:

Principle #35Parameter changes

Data Source

PatentUS12333598B2Systems and methods for end-to-end consumer lending and financing solutions for choosing a credit card

Publication Date: 2025.06.17 PNC FINANCIAL SERVICES GROUP INC

AI summary

Embodiments of the systems and methods of using the same are configured to provide a financial solution product for customers seeking financing and advice for debt consolidation, home improvement, financing for school loans, finding the right credit card, and financing collateral. The systems and methods provide a means to dynamically calculate multiple financial solution products and present them to a user.