Shared Financial Goal Interface with Intermediary Data Processing

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Solution Overview

Problem

Existing systems for managing shared financial goals among multiple users face challenges in monitoring progress without accessing sensitive financial information and efficiently adding or managing participants, especially when users are hesitant to share private financial data.

Innovation Solution

A service computing system that generates a user interface to track progress towards shared financial goals without requiring access to individual accounts, using short-range communication to suggest and add participants, and sending alerts for target allocation misses, while allowing users to manage their allocations and expenses within the system.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Measurement precision

If the system accesses individual user accounts to monitor progress towards shared financial goals, then measurement precision of progress tracking is improved, but loss of information (sensitive financial data) increases

Engineering Contradiction:

Improveprogress tracking accuracyVSAvoidsensitive financial data exposure

Core Design Contradiction:

Measurement precisionVSLoss of information

Solution Approach 1:

The patent introduces an intermediary layer (the computing system) that receives anonymized or aggregated financial data from multiple users and processes it to generate progress metrics. This intermediary structure allows the system to track goal progress without directly accessing or exposing individual users' sensitive account information, thereby resolving the contradiction between measurement precision and information security

Inventive Principle:

Principle #24Intermediary (Mediator)

Solution Approach 2:

The system segments the financial data processing into separate components: users provide raw financial data through secure interfaces, the computing system processes this data to generate aggregated progress metrics, and the user interface displays only the necessary progress information. This segmentation allows progress tracking while preventing exposure of sensitive underlying financial data

Inventive Principle:

Principle #1Segmentation

2Reliability

If the system uses traditional methods to add participants to shared financial goals, then reliability of participant management is improved, but ease of operation deteriorates

Engineering Contradiction:

Improveparticipant management accuracyVSAvoidparticipant addition convenience

Core Design Contradiction:

ReliabilityVSEase of operation

Solution Approach 1:

The patent replaces traditional manual participant addition methods (mechanical processes of manually entering and verifying participant information) with automated electronic identification systems. The system uses device identifiers and short-range communication to automatically detect and add participants, maintaining reliability through verification protocols while dramatically improving ease of operation

Inventive Principle:

Principle #28Mechanics substitution (Replace mechanical system)

Solution Approach 2:

The system enables self-service participant management where potential participants are automatically identified and added to shared financial goals through their device's communication capabilities. Users simply need to initiate the process, and the system automatically completes participant registration without requiring manual intervention from administrators or other users

Inventive Principle:

Principle #25Self-service

3Measurement precision

If the system requires users to share sensitive financial information for goal tracking, then measurement precision of allocations is improved, but object-affected harmful factors (user privacy concerns) increase

Engineering Contradiction:

Improveallocation tracking accuracyVSAvoiduser privacy concerns

Core Design Contradiction:

Measurement precisionVSObject-affected harmful factors

Solution Approach 1:

The computing system acts as an intermediary that receives financial allocation data from users through secure interfaces, processes this data to generate accurate progress metrics, and returns only the necessary results. This intermediary architecture enables precise allocation tracking while preventing direct exposure of sensitive user financial information, thereby resolving the contradiction between measurement precision and user privacy protection

Inventive Principle:

Principle #24Intermediary (Mediator)

Data Source

PatentUS11164265B1User interface for interfacing with multiple human users

Publication Date: 2021.11.02 WELLS FARGO BANK NA

AI summary

Various examples are directed to systems and methods for interfacing a computing system to a plurality of users. A computing system may access goal data describing a financial goal and user data describing a first user associated with the financial goal and a second user associated with the financial goal. The computing system may determine a portion of a first user account associated with the first user that is allocated to the financial goal and a portion of a second user account associated with the second user that is allocated to the financial goal. The computing system may generate a graphical user interface and send the graphical user interface to a first user computing device associated with the first user and to a second user computing device associated with the second user.