Real-Time Sweeps Processing for Accurate Intraday Allocation
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Solution Overview
Problem
Existing batch-based sweeps management systems are inefficient and prone to errors due to their reliance on batch processing, which can lead to incorrect settlements and require early or late execution, and real-time processing can result in erroneous transactions necessitating reprocessing.
Innovation Solution
A real-time financial sweeps management system utilizing a hardware-based processor, memory, and modules including a sweeps processing module, transaction pre-processing module, and allocation modules to process intraday transactions, generate sweeps allocation data, and implement policies for efficient and accurate financial sweeps.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If batch-based sweeps management systems are used, then system stability and error reduction are improved, but processing speed and real-time capability deteriorate
Solution Approach 1:
The patent implements a hybrid processing architecture that dynamically switches between batch processing mode (for stability and error reduction) and real-time processing mode (for speed). The system can adjust the processing mode based on transaction volume, time of day, and system load, thereby resolving the contradiction between reliability and productivity.
Solution Approach 2:
The patent segments the sweeps management system into multiple independent processing engines: batch processing engines for stable, error-reduced processing, and real-time processing engines for fast transaction handling. This segmentation allows each engine to optimize for its specific function while working together to achieve both reliability and speed.
2Manufacturing precision
If batch processing is used, then processing accuracy is improved, but execution time and buffer requirements worsen
Solution Approach 1:
The patent performs preliminary validation and formatting of transactions in real-time before they enter the batch processing queue. This preliminary action ensures that only validated transactions are processed in batch mode, reducing the need for reprocessing and buffer time while maintaining high accuracy.
Solution Approach 2:
The patent implements continuous real-time processing alongside batch processing, eliminating idle buffer periods. The system continuously validates, formats, and processes transactions as they arrive, ensuring that useful action is always occurring without unnecessary delays or buffer requirements.
3Productivity
If real-time processing is used, then processing speed is improved, but error rate and reprocessing requirements worsen
Solution Approach 1:
The patent implements a feedback mechanism where real-time processing results are continuously monitored and validated. When errors are detected in real-time processing, the system automatically triggers reprocessing through the batch processing engine, ensuring high speed while maintaining low error rates through continuous feedback and correction.
Solution Approach 2:
The patent introduces an intermediary validation layer between real-time processing and final settlement. This intermediary layer performs quick validation checks on real-time transactions and routes suspicious or erroneous transactions to the batch processing engine for thorough verification, thereby maintaining speed while reducing errors.
4Stability of the object's composition
If batch processing runs early or late, then system stability is improved, but operational flexibility and responsiveness worsen
Solution Approach 1:
The patent implements a dynamic scheduling system that adjusts batch processing times based on real-time transaction patterns, system load, and operational requirements. Instead of fixed early or late batch processing windows, the system can dynamically shift processing times to optimize both stability and flexibility in response to changing conditions.
Solution Approach 2:
The patent creates a universal processing framework that can handle both real-time and batch processing within the same system architecture. This multi-functionality allows the system to maintain stability through batch processing while simultaneously providing operational flexibility through real-time processing capabilities for urgent or time-sensitive transactions.
Data Source
AI summary
A system and method are configured to perform real-time financial sweeps management. The system includes a processor, a memory, and a set of modules including a sweeps processing module, a sweeps allocation module, a file processing module, and a transaction pre-processing module. The sweeps processing module includes a policy-implementing pipeline. The file processing module process files including client information, and loads the processed files into the sweeps processing module. The transaction pre-processing module processes received financial transactions, formats the financial transactions, and loads the formatted financial transactions into the sweeps processing module. The sweeps processing module applies the processed files and the formatted financial transactions to the policy-implementing pipeline to generate sweeps allocation data. The sweeps allocation module performs an allocation of financial values to implement a financial sweep. The financial transactions can be reprocessed to roll back the financial transactions. The method implements the system.