Financial information intermediary system

• US 5,913,202 A
• Filed: 06/13/1997
• Issued: 06/15/1999
• Est. Priority Date: 12/03/1996
• Status: Expired due to Fees

• Current Assignee: Fujitsu Limited
• Original Assignee: Fujitsu Limited
• Inventors: Motoyama, Takeshi
• Primary Examiner(s): MacDonald, Allen R.
• Assistant Examiner(s): CAUDLE, PENNY L
• Application Number:
  US08/874,979
• Time in Patent Office: 732 Days
• Field of Search: 705/35, 705/36, 705/37, 705/39, 235/379, 235/380
• US Class Current: 705/36.00R
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis

Abstract

A financial information intermediary system which extracts the most suitable product information from a wide variety of financial product information supplied by many financial institutions in the market, so that consumers (or clients) can easily reach the desired financial products. To provide information intermediary services, a financial delivery computer is placed between the clients and a plurality of financial institutions. The financial delivery computer comprises a service selection/execution unit, financial institution data files, and client data files. The financial institution data files are used to store information on various financial products collected from the financial institutions. The client data files store each client'"'"'s preference information. Upon receipt of a product selection request from a client terminal, the service selection/execution unit retrieves the preference information relevant to the requesting client, and then searches the financial institution data files for appropriate product information based on the retrieved preference information. The system thus helps the client to make a right choice by referring to the qualified product information extracted from the industry-wide database.

Claims

1. A financial information intermediary system for supplying a client with desired on-line information on financial products provided by a plurality of financial institutions, comprising:

financial information processing means for collecting and managing financial product information supplied by the plurality of financial institutions;

financial product information storage means for storing the financial product information collected by said financial information processing means on an individual basis;

client information processing means for registering and managing client preference information obtained from the client;

client information storage means for storing the client preference information;

request processing means for retrieving, out of said financial product information storage means, a collection of qualified financial product information that suits a preference of the client that is described in the client preference information stored in said client information storage means, and sending the collection of the qualified financial product information to a terminal of the client; and

online competition means for displaying an online competition menu on a screen of the terminal of the client, which presents the collection of the qualified financial product information and provides the client with an opportunity to negotiate about the financial products being presented, by interconnecting the client and the financial institutions being involved.

2. The financial information intermediary system according to claim 1, wherein

said client information storage means has a virtual passbook file that stores information on accounts owned by the client in the plurality of financial institutions, and

said client information processing means uses the virtual passbook to make a confirmation of the accounts owned by the client and to execute management of assets owned by the client.

3. The financial information intermediary system according to claim 1, further comprising:

incidental information processing means for obtaining incidental information from an external information source, said incidental information including estimated exchange rate and risk information, and

incidental information storage means for storing the incidental information obtained by said incidental information processing means.

4. A method of providing financial information intermediary services that supply a client with information on preferable financial products, which information is provided by a plurality of financial institutions, the method comprising the steps of:

(a) upon receipt of a service request from the client who needs financial product information available from the plurality of financial institutions, retrieving preference information that is previously collected from the client and registered in a preference data file;

(b) determining the financial institutions that suit the preference information retrieved in said step (a);

(c) with reference to qualified financial product information collected in advance from the plurality of financial institutions, obtaining some pieces of the financial product information that suit the preference information;

(d) sending the obtained pieces of the qualified financial product information to the client;

(e) receiving from the client a product selection message indicating a financial product selected by the client;

(f) according to the product selection message received from the client, directing the financial institutions involved in a trade of the selected financial product to initiate necessary transactions for the trade and

(g) displaying an online competition means on a screen of a terminal of the client, which presents the collection of the qualified financial product information and provides the client with an opportunity to negotiate about the financial products being presented, by interconnecting the client and the financial institutions being involved.

5. The method according to claim 4, wherein said step (c) obtains the financial product information after obtaining a latest version of the financial product information from the determined financial institutions if the financial product information previously collected from the plurality of financial institutions is outdated.

6. A computer-readable medium encoded with a computer program which implements a financial information on-line information on financial products provided by a plurality of financial institutions, the financial information intermediary system comprising:

financial information processing means for collecting and managing qualified financial product information supplied by the plurality of financial institutions;

financial product information storage means for storing the qualified financial product information collected by said financial information processing means on an individual basis;

client information processing means for registering and managing client preference information obtained from the client;

client information storage means for storing the client preference information on an individual client basis;

request processing means, connected to the plurality of financial institutions via a private telecommunications line and connected to a client terminal via a public telecommunications line, for retrieving out of said financial product information storage means a collection of the qualified financial product information that suits a preference of the client that is described in the client preference information stored in said client information storage means, and sending the collection of the qualified financial product information to a terminal of the client, and

online competition means for displaying an online competition menu on a screen of the terminal of the client, which presents the collection of the qualified financial product information and provides the client with an opportunity to negotiate about the financial products being presented, by interconnecting the client and the financial institutions being involved.

7. A financial information intermediary system which is linked to a plurality of financial institutions including a first and second financial institutions, comprising:

client information storage means for storing account information descriptive of accounts owned by a client, the accounts including a first account established in the first financial institution; and

intermediary processing means, activated by a request from the client for moving transactions related to the first account in the first financial institution to the second financial institution, for transmitting a first request message to the second financial institution for opening a new account and a second request message to the first financial institution for canceling the first account.

8. The financial information intermediary system according to claim 7, further comprising:

updating means for updating the account information stored in said client information storage means, based upon responses to the first and second request messages sent by said intermediary processing means.

9. A financial information intermediary system for supplying a client with desired on-line information, comprising:

a request processing unit retrieving a collection of qualified financial product information based on the preference of the client described in a client preference information, and sending the collection of qualified financial product information to a terminal of the client; and

an online competition unit displaying an online competition menu on a screen of the terminal of the client, presenting the collection of qualified financial product information and providing the client with an opportunity to negotiate about the financial products being presented, by interconnecting the client and with financial institutions being involved.

10. A method of providing financial information intermediary services that supply a client with information on preferable financial products, comprising the steps of:

retrieving a collection of qualified financial product information based on the preference of the client described in a client preference information, and sending the collection of qualified financial product information to a terminal of the client; and

displaying an online competition menu on a screen of the terminal of the client, presenting the collection of qualified financial product information and providing the client with an opportunity to negotiate about the financial products being presented, by interconnecting the client and with financial institutions being involved.