SYSTEM FOR RETIREMENT SCORE TRANSFORMATION USING OPTIMIZATION
First Claim
1. A system for utilizing retirement score transformation using optimization, the system comprising:
- one or more memory devices; and
one or more processing devices operatively coupled to the one or more memory devices, wherein the one or more processing devices are configured to execute computer-readable program code to;
retrieve a calculated retirement score from a node within a distributive network, wherein the retirement score indicates the user'"'"'s preparedness for retirement at a future predetermined date;
retrieve retirement score history for the user;
identify and compile user spend data via accessing one or more devices, such as a user device, outside the distributive network nodes;
review current financial products of the user via communication with financial institution servers;
identify financial products that, upon implementation transforms the retirement score and provides optimization of the retirement score for the user;
communicate with distributive network node and automatic enroll of the user into financial products that improve the user retirement score;
determine recommendations, other than financial products, that upon implementation transforms the retirement score and provides optimization of the retirement score for the user;
display the retirement score on a retirement planning interface on a user device; and
augment the display on the user device with a representation of an effect of both the recommendations and financial products on the retirement score.
1 Assignment
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Accused Products
Abstract
Embodiments of the invention are directed to systems, methods, and computer program products optimizing a generated retirement score. In this way, the invention calculates a retirement score for the user indicating the user'"'"'s preparedness for retirement at a future predetermined date. The invention continues by retrieving historic retirement scores for the user. Based on the scores, user spend data, user location, and financial products associated with the user, the invention identifies improvements to a user retirement score. The user may be automatically shifted into products that may improve the retirement score. Furthermore, the invention may augment historical retirement score data to present illustrations of the effect of recommendations on current and/or future retirement scores if the recommendations are implemented.
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Citations
20 Claims
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1. A system for utilizing retirement score transformation using optimization, the system comprising:
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one or more memory devices; and one or more processing devices operatively coupled to the one or more memory devices, wherein the one or more processing devices are configured to execute computer-readable program code to; retrieve a calculated retirement score from a node within a distributive network, wherein the retirement score indicates the user'"'"'s preparedness for retirement at a future predetermined date; retrieve retirement score history for the user; identify and compile user spend data via accessing one or more devices, such as a user device, outside the distributive network nodes; review current financial products of the user via communication with financial institution servers; identify financial products that, upon implementation transforms the retirement score and provides optimization of the retirement score for the user; communicate with distributive network node and automatic enroll of the user into financial products that improve the user retirement score; determine recommendations, other than financial products, that upon implementation transforms the retirement score and provides optimization of the retirement score for the user; display the retirement score on a retirement planning interface on a user device; and augment the display on the user device with a representation of an effect of both the recommendations and financial products on the retirement score. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. A computer program product for utilizing retirement score transformation using optimization, within a distributive network for optimization configuration, comprising at least one non-transitory computer-readable medium having computer-readable program code portions embodied therein, the computer-readable program code portions comprising:
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an executable portion configured for retrieving a calculated retirement score from a node within a distributive network, wherein the retirement score indicates the user'"'"'s preparedness for retirement at a future predetermined date; an executable portion configured for retrieving retirement score history for the user; an executable portion configured for identifying and compiling user spend data via accessing one or more devices, such as a user device, outside the distributive network nodes; an executable portion configured for reviewing current financial products of the user via communication with financial institution servers; an executable portion configured for identifying financial products that, upon implementation transforms the retirement score and provides optimization of the retirement score for the user; an executable portion configured for communicating with distributive network node and automatic enroll of the user into financial products that improve the user retirement score; an executable portion configured for determining recommendations, other than financial products, that upon implementation transforms the retirement score and provides optimization of the retirement score for the user; an executable portion configured for displaying the retirement score on a retirement planning interface on a user device; and an executable portion configured for augmenting the display on the user device with a representation of an effect of both the recommendations and financial products on the retirement score. - View Dependent Claims (9, 10, 11, 12, 13, 14)
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15. A computer-implemented method for utilizing retirement score transformation using optimization, the method comprising:
providing a computing system within a distributive network for generation an utilization of the retirement score, comprising a computer processing device and a non-transitory computer readable medium, where the computer readable medium comprises configured computer program instruction code, such that when said instruction code is operated by said computer processing device, said computer processing device performs the following operations; retrieving a calculated retirement score from a node within a distributive network, wherein the retirement score indicates the user'"'"'s preparedness for retirement at a future predetermined date; retrieving retirement score history for the user; identifying and compile user spend data via accessing one or more devices, such as a user device, outside the distributive network nodes; reviewing current financial products of the user via communication with financial institution servers; identifying financial products that, upon implementation transforms the retirement score and provides optimization of the retirement score for the user; communicating with distributive network node and automatic enroll of the user into financial products that improve the user retirement score; determining recommendations, other than financial products, that upon implementation transforms the retirement score and provides optimization of the retirement score for the user; displaying the retirement score on a retirement planning interface on a user device; and augmenting the display on the user device with a representation of an effect of both the recommendations and financial products on the retirement score. - View Dependent Claims (16, 17, 18, 19, 20)
Specification