Risk Assessment Interface for Autonomous Account Scenario Analysis

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Solution Overview

Problem

Current systems for analyzing accounts and investments based on risk factors are time-consuming and create friction between account holders and internal associates, as account holders lack the ability to perform risk assessments independently.

Innovation Solution

A system comprising a processor and memory that stores account and scenario databases, allowing for the identification of rules corresponding to a selected scenario, adjustment of account parameters, calculation of outcome metrics, and plotting of these metrics based on user requests.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Productivity

If internal associates perform risk assessments manually, then risk analysis can be conducted, but the process becomes time-consuming and creates friction with account holders

Engineering Contradiction:

Improverisk assessment speedVSAvoidtime for risk assessment

Core Design Contradiction:

ProductivityVSLoss of time

Solution Approach 1:

The system enables account holders to perform risk assessments independently through the risk assessment interface. Account holders can select scenarios, view their account parameters, and receive outcome metrics without requiring internal associates to manually perform risk analyses. This self-service capability eliminates the time-consuming manual assessment process while maintaining comprehensive risk analysis functionality.

Inventive Principle:

Principle #25Self-service

Solution Approach 2:

The patent replaces manual mechanical risk assessment processes with an automated computer-based system. The risk assessment interface automatically retrieves account parameters, applies selected scenarios, calculates outcome metrics, and generates alerts without requiring manual intervention from internal associates. This substitution of mechanical manual processes with automated electronic processing significantly reduces assessment time.

Inventive Principle:

Principle #28Mechanics substitution (Replace mechanical system)

2Reliability

If account holders cannot perform risk assessments independently, then internal associates can provide comprehensive risk analysis, but account holders lack autonomy and the process creates friction

Engineering Contradiction:

Improverisk analysis accuracyVSAvoidaccount holder autonomy

Core Design Contradiction:

ReliabilityVSEase of operation

Solution Approach 1:

The risk assessment interface provides account holders with autonomous capability to perform risk assessments. Account holders can independently select scenarios from predefined options, view their account parameters, and receive comprehensive risk analysis outcomes without requiring internal associate intervention. This maintains both reliability of risk analysis and account holder autonomy.

Inventive Principle:

Principle #25Self-service

Solution Approach 2:

The system provides universal access to risk assessment functionality for all account holders through a standardized interface. The same comprehensive risk analysis tools and scenarios are available to every account holder, ensuring consistent and reliable risk assessment across all accounts while empowering account holders with autonomous capability.

Inventive Principle:

Principle #6Universality (Multi-functionality)

3Loss of information

If manual risk assessments are performed by internal associates, then detailed risk analysis can be provided, but the process is inefficient and creates friction

Engineering Contradiction:

Improverisk exposure information completenessVSAvoidrisk assessment efficiency

Core Design Contradiction:

Loss of informationVSProductivity

Solution Approach 1:

The system replaces manual risk assessment processes with automated electronic processing. The risk assessment interface automatically retrieves complete account parameters, applies selected scenarios, calculates all relevant outcome metrics, and generates comprehensive alerts without manual intervention. This maintains complete risk exposure information while dramatically improving assessment efficiency.

Inventive Principle:

Principle #28Mechanics substitution (Replace mechanical system)

Solution Approach 2:

The system enables continuous automated risk assessment without interruption or manual intervention. The risk assessment interface can continuously monitor account parameters, apply scenarios, and generate alerts in real-time or at scheduled intervals, maintaining comprehensive risk analysis while eliminating the inefficiencies of manual periodic assessments.

Inventive Principle:

Principle #20Continuity of useful action

Data Source

PatentUS20250077917A1Systems and methods for iterative generation and plotting of machine learning outcomes on a user interface

Publication Date: 2025.03.06 CHARLES SCHWAB & CO INC

AI summary

A system includes at least one processor and a memory. The memory stores an account database and a scenario database. Each scenario includes a set of rules to apply to account parameters to determine adjusted account parameters. The memory stores instructions that, upon execution, cause the at least one processor to, in response to receiving a request including a first scenario of the set of scenarios, identify a first set of rules from the scenario database corresponding to the first scenario. The instructions cause the processor to obtain first account parameters of the first account and adjust the first account parameters based on the first set of rules. The instructions cause the processor to calculate a set of outcome metrics of the first account based on the adjusted account parameters and plot the set of outcome metrics based on a plot type included in the request.