Jerry B Blow

US Patent:

20100191623, Jul 29, 2010

Filed:

Apr 27, 2009

Appl. No.:

12/430756

Inventors:

Barbara R. Macy - Charlotte NC, US
David D. Price - Richland WA, US
Jerry B. Blow - Charlotte NC, US

Assignee:

BANK OF AMERICA CORPORATION - Charlotte NC

International Classification:

G06Q 10/00
G06F 17/30
G06F 17/40
G06N 5/02
G06Q 40/00
G06F 15/16

US Classification:

705 30, 706 46, 705 9, 709204

Abstract:

Embodiments of the invention provide systems and methods for managing updates to a financial transaction monitoring system, wherein the financial transaction monitoring system is configured to specially handle any financial transactions involving an entity identified in a list of entities. In one embodiment, the system includes a communication interface configured to receive an update to the list of entities, the update including one or more new keywords. The system may further include a memory device having information about a plurality of transactions. In one embodiment, the system includes a processor configured to: determine the number of transactions in the plurality of transactions that can properly be associated with at least one of the new keywords; and determine whether the update will impact the financial transaction monitoring system based at least partially on process metrics and the determined number of transactions in the plurality of transactions that can properly be associated with at least one of the new keywords.

US Patent:

20100191634, Jul 29, 2010

Filed:

Apr 27, 2009

Appl. No.:

12/430754

Inventors:

Barbara R. Macy - Charlotte NC, US
David D. Price - Richland WA, US
Jerry B. Blow - Charlotte NC, US

Assignee:

BANK OF AMERICA CORPORATION - Charlotte NC

International Classification:

G06Q 40/00

US Classification:

705 35

Abstract:

Embodiments of the present invention provide systems and methods for monitoring financial transactions. For example, in one embodiment a system includes a communication interface configured to receive information about each transaction of a plurality of transactions. The system includes a memory device having a plurality of keywords and an artificial intelligence application stored therein, the plurality of keywords being associated with a plurality of entities whose transactions are to be specially handled. The system further includes a processor configured to identify a first group of transactions from the plurality of transactions where the information about each transaction of the first group of transactions includes at least one of the plurality of keywords. The processor is further configured to then use the artificial intelligence application to determine that one or more transactions in the first group of transactions are associated with one or more of the plurality of entities.