SYSTEM AND METHOD FOR PROGRESS ACCOUNT OPENING BY MEANS OF RISK-BASED CONTEXT ANALYSIS
First Claim
1. A computer-implemented method of processing an account application comprising:
- (a) providing a computing device associated with a provider;
(b) receiving by the provider computing device, an account application containing customer information and a request selected from the group consisting of a request to open a new account, a request to upgrade an existing account, and a request to downgrade an existing account;
(b) performing a verification analysis;
(c) performing a recommendation analysis; and
(d) generating an application status message indicating an approval or disapproval of the account application.
2 Assignments
0 Petitions
Accused Products
Abstract
Systems and methods permit flexible and convenient customer account opening to minimize both customer friction and the risk to financial service providers. In one embodiment, a computing device associated with a financial service provider receives an account application containing customer information and a request to open a new account or a request to upgrade an existing account. The computing device performs a verification analysis to validate inputs, authenticate customer identity, ensure compliance with regulatory requirements, or evaluate the risk posed by a customer. The computing device performs a recommendation analysis to determine the appropriate product types and account restrictions that should be offered to a customer, if any. The computing device creates an account application status message indicating approval or denial of the account application.
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Citations
18 Claims
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1. A computer-implemented method of processing an account application comprising:
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(a) providing a computing device associated with a provider; (b) receiving by the provider computing device, an account application containing customer information and a request selected from the group consisting of a request to open a new account, a request to upgrade an existing account, and a request to downgrade an existing account; (b) performing a verification analysis; (c) performing a recommendation analysis; and (d) generating an application status message indicating an approval or disapproval of the account application. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. A computer-implemented method of processing an account application comprising:
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(a) providing a computing device associated with a provider; (b) monitoring by the provider computing device, customer account activity data associated with a customer account; (c) performing a historical account analysis utilizing customer account activity data; (d) creating an account application containing a request to upgrade or downgrade a customer account; (e) storing the account application to a database in the provider computing device; (f) performing a recommendation analysis; and (g) generating an account application status message indicating an approval or disapproval of the account application. - View Dependent Claims (9)
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10. A system for processing an account application comprising:
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a first processor associated with a provider; a data storage device including a computer-readable medium having computer readable code for instructing the first processor, and when executed by the first processor, the first processor performs operations comprising; (a) receiving an account application containing customer information and a request selected from the group consisting of a request to open a new account, a request to upgrade an existing account, or a request to downgrade an existing account; (b) performing a verification analysis; (c) performing a recommendation analysis; and (d) generating an application status message indicating an approval or disapproval of the account application. - View Dependent Claims (11, 12, 13, 14, 15, 16)
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17. A system for processing an account application comprising:
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a first processor associated with a provider; a data storage device including a computer-readable medium having computer readable code for instructing the first processor, and when executed by the first processor, the first processor performs operations comprising; (a) monitoring customer account activity data associated with a customer account; (b) performing a historical account analysis utilizing customer account activity data; (c) creating an account application containing a request to upgrade or downgrade a customer account; (d) storing the account application to a database in the provider computing device; (e) performing a recommendation analysis; and (f) generating an account application status message indicating an approval or disapproval of the account application. - View Dependent Claims (18)
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Specification