Product and service risk management clearinghouse

• US 20020178046A1
• Filed: 04/30/2002
• Published: 11/28/2002
• Est. Priority Date: 03/20/2001
• Status: Abandoned Application

• Current Assignee: Goldman Sachs & Company (Goldman Sachs Group Incorporated)
• Original Assignee: Goldman Sachs & Company (Goldman Sachs Group Incorporated)
• Inventors: Lawrence, David
• Application Number:
  US10/135,623
• Publication Number:
  US 20020178046A1
• Time in Patent Office: Days
• US Class Current: 705/10
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/08 Insurance

Abstract

A method and system for managing risk associated with a product or service is provided. Data relevant to regulation can be gathered from multiple sources and aggregated according to risk variables. An inquiry relating to a risk subject can be received and portions of the aggregated data can be associated with the risk subject. A risk subject can include, for example, a product, manufacturer, marketer or other related entity. The associated portions of the aggregated data can be transmitted, such as for example, to a subscriber that submitted the risk subject. Risks related to products or services included in invoices, proposals and the like can also be input for risk management clearing. In addition, an inquiry can include a system to system inquiry involving an individual request or batch screening requests received electronically. Requests can also include a voice communication or a facsimile.

Claims

1. A computer-implemented method for managing risk associated with a product or service, the method comprising:

gathering data relevant to the product or service into a computer device;

aggregating the data gathered according to risk variables;

receiving an indication of a risk subject;

associating portions of the aggregated data with the risk subject; and

transmitting the associated portions of the aggregated data.

2. The method of claim 1 wherein the gathered data is gathered exclusively from publicly available sources.

3. The method of claim 1 wherein the indication received comprises a system to system inquiry involving batch screening requests.

4. The method of claim 1 wherein the indication received comprises an inquiry received electronically.

5. The method of claim 1 wherein the indication of a risk subject received comprises an inquiry received via facsimile.

6. The method of claim 1 wherein the inquiry received comprises an inquiry received via voice communication.

7. The method of claim 1 wherein a provider of the computer implemented method for managing risk associated with a product or service does not create or develop any content included in the aggregated data.

8. The method of claim 1 wherein the indication of a risk subject comprises content of an invoice.

9. The method of claim 1 wherein the indication of a risk subject comprises content of a request for proposal.

10. The method of claim 1 wherein the associated portions of the aggregated data are transmitted to a subscriber.

11. The method of claim 1 wherein the associated portions of the aggregated data are transmitted to an entity designated by a subscriber.

12. The method of claim 1 wherein the gathered data related to a product or service accurately reports on or consists of government issued data.

13. The method of claim 1 wherein the computer-implemented method for managing risk associated with a product or service comprises an interactive computer service according to the Communications Decency Act.

14. The method of claim 1 wherein none of the associated portions of the aggregated data transmitted comprises any content created or developed by a provider of the computer-implemented method for managing risk associated with a product or service.

15. The method of claim 1 additionally comprising the steps of:

p1 executing an update risk clearinghouse inquiry relating to a risk subject that has been previously searched; and

transmitting results of the inquiry to one or more users who had previously received gathered data relevant to the product or service.

16. The method of claim 1 additionally comprising the step of generating a report relating to a subscriber'"'"'s due diligence efforts, wherein the report comprises the inquiry and the associated portions of the aggregated data.

17. The method of claim 1 additionally comprising the steps of:

gathering additional data relevant to the product or service;

associating portions of the additional data with the risk subject; and

transmitting the additional data to a destination to which previously associated data had been transmitted.

18. The method of claim 1 wherein the risk subject comprises data descriptive of one or more of:

a product, a product manufacturer, and a service provider.

19. The method of claim 1 wherein the indication of a risk subject comprises an alert list.

20. The method of claim 19 additionally comprising the steps of continually monitoring the aggregated data and transmitting any new information related the risk subject.

21. The method of claim 1 additionally comprising the step of generating a subjective quantification of an amount of risk associated with a particular risk subject.

22. The method of claim 1 additionally comprising the step of enhancing the gathered data.

23. The method of claim 22 additionally comprising the step of enhancing the data descriptive of the risk subject.

24. The method of claim 22 or 23 wherein enhancing the data comprises scrubbing the data to incorporate changes in the spelling of the risk subject.

25. The method of claim 1 additionally comprising the steps of receiving a source of gathered data and transmitting the source of gathered data related to the associated portions of aggregated data.

26. The method of claim 1 wherein a source of gathered data comprises a news article.

27. The method of claim 1 wherein a source of gathered data comprises a news feed.

28. The method of claim 1 wherein a source of gathered data comprises a government publication.

30. The computerized system of claim 29 wherein the data is gathered via an electronic feed.

29. A computerized system for managing risk, the system comprising:

a computer server accessible with a system access device via a communications network; and

executable software stored on the server and executable on demand, the software operative with the server to cause the system to;

gather data relevant to the product or service into a computer device;

aggregate the data gathered according to risk variables;

receive an indication of a risk subject;

associate portions of the aggregated data with the risk subject; and

transmit the associated portions of the aggregated data.

31. Computer executable program code residing on a computer-readable medium, the program code comprising instructions for causing the computer to:

gather data relevant to the product or service into a computer device;

aggregate the data gathered according to risk variables;

receive an indication of a risk subject;

associate portions of the aggregated data with the risk subject; and

transmit the associated portions of the aggregated data.

32. A computer data signal embodied in a digital data stream comprising data relating to risk management, wherein the computer data signal is generated by a method comprising the steps of:

gathering data relevant to the product or service into a computer device;

aggregating the data gathered according to risk variables;

receiving an indication of a risk subject;

associating portions of the aggregated data with the risk subject; and

transmitting the associated portions of the aggregated data.