SYSTEM AND METHOD FOR AUTOMATING FINANCIAL DOCUMENT COMPLIANCE
First Claim
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1. A method of preparing personalized communication documents for a plurality of clients, the method comprising:
- a) providing information concerning a set of financial product and/or financial services for the personalized communication documents;
b) automatically determining variable compliance and/or regulatory information associated with said set of financial products and/or financial services to be offered to said plurality of clients;
c) automatically preparing a personalized communication document for each client with a computing system, said personalized communication document comprising personalized content for said consumer entity relating to an offering for one or more financial products and/or services;
wherein said personalized content includes said variable compliance and/or regulatory information associated with one or more jurisdictions, such that said computing system can generate automatically and without human intervention successive personalized communication documents which can include different compliance and/or regulatory information based on a financial product and/or financial service identified in the personalized communication documents and/or requirements of respective jurisdictions associated with recipients of such successive customized communication documents;
d) delivering each personalized communication document to a respective one of the plurality of clients.
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Abstract
An automated system determines appropriate compliance information for documents pertaining to financial products or services. The compliance information can vary on each document depending on the particular financial product and/or financial service, and based on both company and jurisdictional requirements.
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Citations
68 Claims
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1. A method of preparing personalized communication documents for a plurality of clients, the method comprising:
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a) providing information concerning a set of financial product and/or financial services for the personalized communication documents;
b) automatically determining variable compliance and/or regulatory information associated with said set of financial products and/or financial services to be offered to said plurality of clients;
c) automatically preparing a personalized communication document for each client with a computing system, said personalized communication document comprising personalized content for said consumer entity relating to an offering for one or more financial products and/or services;
wherein said personalized content includes said variable compliance and/or regulatory information associated with one or more jurisdictions, such that said computing system can generate automatically and without human intervention successive personalized communication documents which can include different compliance and/or regulatory information based on a financial product and/or financial service identified in the personalized communication documents and/or requirements of respective jurisdictions associated with recipients of such successive customized communication documents;
d) delivering each personalized communication document to a respective one of the plurality of clients. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35)
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36. A method of preparing personalized communication documents for a plurality of clients which includes appropriate compliance and/or regulatory information, the method comprising:
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a. providing financial product and/or financial service content for the personalized communication documents, which financial product and/or financial service content includes a first set of separate descriptions, characteristics and/or identifications associated with a first set of compliance and/or regulatory requirements for at least a first financial product and/or financial service;
b. automatically preparing a personalized communication document for each client with a computing system, said personalized communication document including an identifying section adapted to present identifying content to identify said client, and a separate personalized compliance section adapted to present at least some personalized compliance content relating to an offering for said client of said first financial product and/or financial service;
wherein said personalized compliance content presented for said offering includes at least one or more of said first set of separate descriptions, characteristics and/or identifications associated with said first set of compliance and/or regulatory requirements for said at least first financial product and/or financial service;
c. automatically generating successive personalized communication documents with said computing system which can include different personalized compliance content with respect to at least said first financial product and/or financial service for different clients. - View Dependent Claims (37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 49, 50, 51, 52, 53, 54, 55, 56, 57, 58, 59, 60, 61, 62, 63)
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64. A method of preparing personalized compliance adapted communication documents for a plurality of clients, the method comprising:
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a) providing financial product and/or financial service content for the personalized communication documents, which financial product and/or financial service content includes a first set of descriptions, characteristics and/or identifications for a corresponding first set of compliance/regulatory requirements associated with at least a first financial product and/or financial service;
b) automatically preparing a personalized communication document for each client with a computing system, said personalized communication document comprising both a general offer portion and a personalized offer portion including personalized compliance information derived from said first set of compliance and/or regulatory requirements;
wherein said general offer portion includes general content communicated to each of the plurality of clients for said at least a first financial product and/or financial service;
and further wherein said personalized offer portion includes personalized content for said client including at least one or more of said first set of separate descriptions, characteristics and/or identifications for a corresponding compliance and/or regulatory requirements associated with said at least first financial product and/or financial service presented in the offering;
(c) generating successive personalized communication documents for the plurality of clients which can include different personalized content with respect to at least said first financial product and/or financial service for different ones of said plurality of clients.
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65. A method of preparing specific communications for a plurality of clients residing in a plurality of jurisdictions, by use of a computing system and one or more associated databases with stored information, the method comprising the steps of:
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providing information concerning a set of financial product and/or financial services for the specific communications to the database;
automatically determining specific compliance and/or regulatory information associated with said set of financial products and/or financial services to be offered to said plurality of clients in said plurality of jurisdictions from compliance and/or regulatory information stored in the database;
automatically preparing a specific communication for each consumer entity with the computing system, said specific communication comprising specific content for said consumer entity relating to an offering for one or more financial products or services in a jurisdiction associated with said client;
wherein said specific content includes variable compliance information, such that said computing system can generate automatically successive customized communications which can include different compliance and/or regulatory information based on requirements of respective jurisdictions associated with recipients of such successive customized communication; and
delivering each customized communication to a respective one of the plurality of clients.
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66. A system for preparing personalized communication documents for a plurality of clients comprising:
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a computing system;
one or more electronic databases coupled to the computing system;
one or more software routines executing on the computing system which are adapted to;
a) provide information concerning a set of financial product and/or financial services for the personalized communication documents;
b) automatically determine applicable variable compliance and/or regulatory information associated with said set of financial products and/or financial services to be offered to said plurality of clients;
c) automatically prepare a personalized communication document for each client with a computing system, said personalized communication document comprising personalized content for said client relating to an offering for one or more financial products or services;
wherein said personalized content includes said variable compliance and/or regulatory information associated with one or more jurisdictions, such that said computing system can generate automatically and without human intervention successive personalized communication documents which can include different compliance and/or regulatory information based on a financial product or financial service identified in the personalized communication document and/or requirements of respective jurisdictions associated with recipients of such successive personalized communication document.
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67. A system for preparing customized communications containing information data specific to a plurality of clients comprising:
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a computing system;
one or more electronic databases coupled to the computing system;
one or more software routines executing on the computing system which are adapted to;
(a) provide data for the customized communications to the one or more electronic databases, including financial product and/or financial service information;
(b) provide variable compliance and/or regulatory information related to said at least first financial product and/or financial service;
(c) automatically generate a customized communication for each client with a computing system containing information data specific to the client, said customized communication comprising customized specific content for said client relating to an offering for one or more financial products and/or financial services;
wherein said personalized content includes variable compliance information associated with one or more jurisdictions, such that said computing system can generate automatically and without human intervention successive customized communications which can include different compliance and/or regulatory information based on a financial product or financial service identified in the personalized communication and requirements of respective jurisdictions associated with recipients of such successive customized communication.
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68. A set of personalized communication documents adapted to present personalized offer information including applicable compliance and/or regulatory information for financial products and/or services to a plurality of different consumer entities comprising:
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a first personalized communication document which includes;
a) a first identifying section adapted to present identifying content in human readable form to identify a first client intended as the recipient of said first personalized communication document;
b) a first separate personalized section adapted to present at least some personalized content in human readable form relating to compliance and/or regulatory information associated with an offering in said first personalized communication document for said first client of a first financial product and/or financial service;
wherein said first personalized content presented for said offering includes at least a first text phrasing which describes, characterizes and/or identifies a first compliance and/or regulatory content applicable to said first financial product and/or financial service;
a second personalized communication document which includes;
c) a second identifying section adapted to present identifying content in human readable form to identify a second client intended as the recipient of said second personalized communication document;
d) a second separate personalized section adapted to present at least some personalized content in human readable form relating to compliance and/or regulatory information associated with an offering in said second personalized communication document for said client of a first financial product and/or financial service;
wherein said second personalized content presented for said offering includes at least a second text phrasing which describes, characterizes and/or identifies a second compliance and/or regulatory content applicable to said first financial product and/or financial service;
wherein said first personalized communication document and said second personalized communication document contain different personalized content for an offering of the same financial product and/or service which is personalized with applicable compliance and/or regulatory information for said respective first and second clients.
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Specification