System and Method For Restricted Party Screening and Resolution Services

• US 20090150370A1
• Filed: 05/04/2007
• Published: 06/11/2009
• Est. Priority Date: 05/04/2006
• Status: Abandoned Application

• Current Assignee: JP Morgan Chase & Co, Vastera, Inc. (JP Morgan Chase & Co)
• Original Assignee: JP Morgan Chase Bank, N.A. (JP Morgan Chase & Co)
• Inventors: Linscott, Warren M. JR., Christensen, Larry, Sheth, Amish, Wilson, James K.
• Application Number:
  US11/744,471
• Publication Number:
  US 20090150370A1
• Time in Patent Office: Days
• US Class Current: 1/1
• CPC Class Codes: G06Q 10/10 Office automation; Time management
• CPC Class Codes: G06Q 50/26 Government or public services business processes related to the transportation industry G06Q50/40

Abstract

A system and method for screening data for restricted party screening. The system comprises an input for entering data, a screening system for screening the data against a database comprising restricted entities information, generating a match score based on the screening of the data, providing a data match based on the match score, and outputting the data match, a work queue for reviewing the data match, and a report generated based on the review of the data match.

Claims

1. A system for screening data for restricted party screening comprising:

an input for entering data;

a screening system for screening the data against a database comprising restricted entities information, generating a match score based on the screening of the data, providing a data match based on the match score, and outputting the data match;

a work queue for reviewing the data match; and

a report generated based on the review of the data match.

2. The system of claim 1 wherein the input comprises an interface for manual entry of data.

3. The system of claim 1 wherein the input comprises an interface for flat-file data input.

4. The system of claim 3 wherein the flat-file data is inputted by secure FTP.

5. The system of claim 1 wherein the input comprises an interface for XML data input.

6. The system of claim 1 wherein the restricted entities comprises information from at least one of commercial entities information, partners or customers information, government information, information from embargoes, or information based on a combination thereof.

7. The system of claim 1 wherein the screening system comprises a database.

8. The system of claim 7 wherein the database comprises at least one of a restricted entities database, customer or partner database, and an audit trail database.

9. The system of claim 1 wherein the screening system further comprises a screening engine comprising at least one dictionary.

10. The system of claim 9 wherein the screening engine further comprises a component for tokenization, a component for word token comparisons, and component for phrase match comparisons.

11. The system of claim 10 wherein each of the components for tokenization, for word token comparisons, and for phrase match comparisons further comprises a tuning configuration.

12. The system of claim 11 wherein the tuning configuration for the tokenization component further comprises at least one algorithm.

13. The system of claim 12 wherein the at least one algorithm is at least an alphabetic n-gram, consonant n-gram, numeric n-gram, soundex, phonex, metaphone, or any combination thereof.

14. The system of claim 9 wherein the screening system is configured to screen data in English.

15. The system of claim 14 wherein the screening system further comprises a translation component for translating non-English language into English for screening data.

16. The system of claim 15 wherein the translation component is provided by a machine.

17. The system of claim 15 wherein the translation component is provided by a third party.

18. The system of claim 9 wherein the screening system is configured to screen data in a non-English language.

19. The system of claim 1 wherein the data match based on a match score yields at least one of a match, potential match, or no match.

20. The system of claim 1 wherein the match score and data match are stored in a database.

21. The system of claim 1 wherein the report is accessible through at least one of a user interface.

22. The system of claim 21 wherein the report is viewed in a PDF format.

23. The system of claim 21 wherein the report is viewed in a spreadsheet format.

24. The system of claim 1 further comprising a match verification component for reviewing the report and generating a match verification decision.

25. The system of claim 24 wherein the match verification decision is provided by a user.

26. The system of claim 24 wherein the match verification decision is provided by a host agent.

27. The system of claim 24 wherein the match verification decision is used for identifying a restricted party or black-listing.

28. The system of claim 24 wherein the match verification decision is used for identifying a non-restricted party or white-listing.

29. The system of claim 24 wherein the match verification decision is stored in a database.

30. The system of claim 1 wherein the system is in a computer-executable format.

31. The system of claim 1 wherein the system is accessed through a network.

33. The system of claim 1 wherein the system has a hierarchical structure for a multi-level application.

34. A method for screening data for restricted party screening comprising:

inputting data;

screening the data against a database comprising restricted entities information;

generating a match score based on the screening of the data;

providing a data match based on the match score;

outputting the data match;

reviewing the data match in a work queue; and

generating a report based on the review of the data match.

35. A system for screening data comprising:

an input for entering data;

a screening system for screening the data against a database comprising restricted entities information, generating a match score based on the screening of the data, providing a data match based on the match score, and outputting the data match;

a match verification component for reviewing the data match and generating a match verification decision, wherein the match verification component is provided by a host agent and the match verification decision is based on the data match; and

a report generated based on the match verification decision.

32. The system of claim 35 wherein the system is accessed through a web user interface.

36. A method for screening data comprising:

inputting data;

screening the data against a database comprising restricted entities information;

generating a match score based on the screening of the data;

providing a data match based on the match score;

outputting the data match;

reviewing the data match by a match verification component to generate a match verification decision, wherein the match verification component is provided by a host agent and the match verification decision is based on the data match; and

generating a report based on the match verification decision.

37. A method for screening data comprising:

inputting data;

screening the data against a database comprising restricted entities information;

generating a match score based on the screening of the data;

providing a data match based on the match score;

outputting the data match;

reviewing the data match by a match verification component to generate a match verification decision, wherein the match verification component is provided by a user and the match verification decision is based on the data match; and

generating a report based on the match verification decision.