Notification Relay System for Financial Oversight

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Solution Overview

Problem

There is a need for systems that effectively monitor and manage the spending of subordinate users, such as adolescents or children, by relaying notifications to supervisory users when irregular transactions occur, while also facilitating education on budgeting and fund management, and providing real-time communication between users.

Innovation Solution

A computing platform with a processor, memory, and communication interface establishes connections between subordinate and supervisory user devices, processes events, and transmits formatted alerts for notifications, using algorithms that compare event information, supervisory input, and user segment trends, with the ability to modify account settings and leverage machine learning for optimized notification delivery.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Reliability

If the system transmits all notifications from subordinate users to supervisory users, then complete monitoring coverage is achieved, but notification volume and system load increase significantly

Engineering Contradiction:

Improvemonitoring coverageVSAvoidsystem load

Core Design Contradiction:

ReliabilityVSProductivity

Solution Approach 1:

The patent applies local quality by implementing event-specific notification rules that determine which notifications are transmitted to supervisory users. Different event types (e.g., irregular transactions, budget violations, location deviations) have different notification priorities and delivery conditions, allowing the system to maintain comprehensive monitoring coverage while selectively reducing notification volume based on event characteristics and user-defined preferences.

Inventive Principle:

Principle #3Local quality

2Reliability

If the system provides detailed spending monitoring and control features, then financial management oversight is improved, but system complexity increases

Engineering Contradiction:

Improvefinancial oversightVSAvoidsystem complexity

Core Design Contradiction:

ReliabilityVSDevice complexity

Solution Approach 1:

The patent segments the financial management system into distinct functional modules: event detection module that monitors subordinate user activities, rule evaluation module that compares events against supervisory criteria, notification generation module that creates formatted alerts, and account settings management module that handles customizable controls. This segmentation allows detailed financial oversight through specialized functions while managing system complexity through modular architecture.

Inventive Principle:

Principle #1Segmentation

Solution Approach 2:

The computing platform acts as an intermediary between subordinate users and supervisory users, automatically processing spending events, evaluating them against supervisory criteria, and generating notifications only when criteria are met. This intermediary role eliminates the need for direct continuous monitoring by supervisory users while maintaining detailed financial oversight through automated rule-based evaluation.

Inventive Principle:

Principle #24Intermediary (Mediator)

3Speed

If the system implements real-time notification delivery, then responsiveness to spending events is improved, but notification delivery timing precision becomes difficult to optimize

Engineering Contradiction:

Improvenotification responsivenessVSAvoiddelivery timing optimization

Core Design Contradiction:

SpeedVSLoss of time

Solution Approach 1:

The patent implements preliminary action by establishing supervisory criteria and notification rules in advance before spending events occur. Supervisory users pre-configure event types, thresholds, and delivery preferences, allowing the system to immediately evaluate and process spending events against pre-set criteria in real-time, achieving both responsiveness and timing optimization without ad-hoc decision delays.

Inventive Principle:

Principle #10Preliminary action

Data Source

PatentUS10599490B1Notification relay system for supervisory and subordinate user computing devices

Publication Date: 2020.03.24 BANK OF AMERICA CORP

AI summary

A computing platform having at least one processor, a memory, and a communication interface may establish, via the communication interface, respective connections to a subordinate user computing device and a supervisory user computing device. The computing platform may receive information defining a first event associated with the subordinate user computing device and compare the information to supervisory criteria. The computing platform may transmit to the supervisory user computing device a first formatted alert for display thereon. The computing platform may receive supervisory user input and generate a second formatted alert reflecting the supervisory user input. The computing platform may transmit the second formatted alert to the subordinate user computing device for display thereon.