Interactive Map for Grouped Financial and Social Activities

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Solution Overview

Problem

Financial management systems lack the ability to track and group transactions based on social networking interactions, while social networking systems do not provide a way to relate social interactions to financial transactions, leading to a disconnect between financial and social activity data.

Innovation Solution

A financial and social management system that integrates financial and social networking activity data, using an interactive map and activity list to display activities associated with other users, incorporating activity information such as locations, times, and categories, and allowing users to filter and overlay activity routes based on social relationships and categories.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Adaptability or versatility

If financial management systems track transactions separately from social networking interactions, then financial tracking capability is maintained, but the ability to group transactions based on social interactions is lost

Engineering Contradiction:

Improveability to group transactions by social interactionsVSAvoidsystem integration complexity

Core Design Contradiction:

Adaptability or versatilityVSDevice complexity

Solution Approach 1:

The patent merges financial management system functionality with social networking capabilities by integrating a social networking interface into the financial management system. This allows the system to access social networking data (friends, locations, activities) and use it to group and categorize financial transactions, thereby achieving the ability to track transactions based on social interactions without requiring a completely separate system.

Inventive Principle:

Principle #5Merging (Combining)

Solution Approach 2:

The financial management system is enhanced to perform multiple functions: traditional transaction tracking plus social networking integration. The system can now not only monitor financial accounts but also leverage social networking data to provide contextual information about transactions, such as which friends were present at the same location and time, making the system more versatile while maintaining core financial management capabilities.

Inventive Principle:

Principle #6Universality (Multi-functionality)

2Adaptability or versatility

If social networking systems track interactions separately from financial transactions, then social networking capability is maintained, but the ability to relate social interactions to transactions is lost

Engineering Contradiction:

Improveability to relate social interactions to transactionsVSAvoidconnection between social and financial data

Core Design Contradiction:

Adaptability or versatilityVSLoss of information

Solution Approach 1:

The patent introduces an intermediary mechanism that connects social networking data with financial transaction data. The system uses intermediate data structures and processing layers that link social networking interface information (user profiles, friendships, locations) with financial account data, enabling the system to relate social interactions to transactions without requiring direct integration of all data sources.

Inventive Principle:

Principle #24Intermediary (Mediator)

3Productivity

If the system integrates financial and social networking data, then comprehensive activity tracking is achieved, but data processing complexity increases

Engineering Contradiction:

Improvecomprehensive activity tracking capabilityVSAvoiddata processing complexity

Core Design Contradiction:

ProductivityVSDevice complexity

Solution Approach 1:

The patent segments the data processing into distinct modules: a social networking interface module that handles social data retrieval, a financial account interface module that handles transaction data, and a processing module that combines them. This segmentation allows the system to process social and financial data separately before integration, reducing the complexity of handling combined data streams while still achieving comprehensive activity tracking.

Inventive Principle:

Principle #1Segmentation

Data Source

PatentUS9934536B2Interactive map for grouped activities within a financial and social management system

Publication Date: 2018.04.03 BANK OF AMERICA CORP

AI summary

Embodiments of the invention comprise systems, computer program products, and methods for a financial and social management system that provides improved tracking and management related to how, where, when, and with whom a user enters into activities. The financial and social management system captures activity information and images from various sources of information, including but not limited to social networking accounts, e-receipts, location determination devices, and the like, and associates the activity information and images with the activities. The financial and social management system may display the activities, activity information, and images in an interactive map using markers. The markers in the interactive may be displayed as a function of the time of the activity, include images, or transaction data related to the activity. Positioning information related to the location of the user at the time of the activities may also be overlaid on the interactive map.