Proprietary risk management clearinghouse
First Claim
1. A computer implemented method for managing regulatory and reputational risk, the method comprising the steps of:
- receiving into a computer system data descriptive of informational artifacts with content related to at least one of;
reputational risk, regulatory risk and legal risk;
defining within the computer system one or more risk variables generally related to one or more financial transactions;
receiving into the computer system proprietary data descriptive of a particular financial transaction;
identifying one or more risk variables with the received data descriptive of the particular financial transaction;
associating at least one informational artifact with content related to at least one of;
reputational risk, regulatory risk and legal risk, with the risk variables identified; and
generating a report for use within a predefined organization and comprising a description of the informational artifacts associated with the risk variables identified.
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0 Petitions
Accused Products
Abstract
A computerized risk management method and system for facilitating analysis and quantification of risk associated with a risk subject on a proprietary basis. A proprietary risk management system combines gathered information with information received from a source such as an automated risk management clearinghouse system and maintains a database to relate risk variables and calculate a measurement of risk. The measurement, which can be a risk quotient or other rating based upon a weighted algorithm applied to the risk variables, is indicative of risk associated with the risk subject. Actions commensurate with a risk quotient can be presented to a user to facilitate management of risk associated with a particular entity or transaction or other transaction. A stored history can be created to mitigate adverse effects relating to a problematic transaction.
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Citations
21 Claims
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1. A computer implemented method for managing regulatory and reputational risk, the method comprising the steps of:
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receiving into a computer system data descriptive of informational artifacts with content related to at least one of;
reputational risk, regulatory risk and legal risk;
defining within the computer system one or more risk variables generally related to one or more financial transactions;
receiving into the computer system proprietary data descriptive of a particular financial transaction;
identifying one or more risk variables with the received data descriptive of the particular financial transaction;
associating at least one informational artifact with content related to at least one of;
reputational risk, regulatory risk and legal risk, with the risk variables identified; and
generating a report for use within a predefined organization and comprising a description of the informational artifacts associated with the risk variables identified. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11)
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12. A method of conducting a financial transaction, the method comprising:
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transmitting the details descriptive of a particular financial transaction to a computer system accessible via a communications network, wherein the computer server is operative with executable software to;
receive into the computer system the details descriptive of the particular financial transaction;
receive into a computer system data descriptive of informational artifacts with content related to at least one of;
reputational risk, regulatory risk and legal risk;
identify one or more risk variables with the received data descriptive of the particular financial transaction;
associate at least one informational artifact with content related to at least one of;
reputational risk, regulatory risk and legal risk, with the risk variables identified; and
transmit data descriptive of the content of the at least one informational artifact associated with the risk variables identified;
receiving the data descriptive of the content of the at least one informational artifact associated with the risk variables identified; and
determining a course of action related to the financial transaction based upon the data descriptive of the content of the at least one informational artifact associated with the risk variables identified. - View Dependent Claims (13, 14, 15, 16)
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17. A computerized system for managing risk, the system comprising:
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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;
receive into the computer system the proprietary details descriptive of the particular financial transaction;
receive into a computer system data descriptive of informational artifacts with content related to at least one of;
reputational risk, regulatory risk and legal risk;
identify one or more risk variables with the received data descriptive of the particular financial transaction;
associate at least one informational artifact with content related to at least one of;
reputational risk, regulatory risk and legal risk, with the risk variables identified; and
transmit data descriptive of the content of the at least one informational artifact associated with the risk variables identified. - View Dependent Claims (18, 19, 20)
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21. Computer executable program code residing on a computer-readable medium, the program code comprising instructions for causing the computer to:
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receive into the computer system the proprietary details descriptive of the particular financial transaction;
receive into a computer system data descriptive of informational artifacts with content related to at least one of;
reputational risk, regulatory risk and legal risk;
identify one or more risk variables with the received data descriptive of the particular financial transaction;
associate at least one informational artifact with content related to at least one of;
reputational risk, regulatory risk and legal risk, with the risk variables identified; and
transmit data descriptive of the content of the at least one informational artifact associated with the risk variables identified.
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Specification