SYSTEM AND METHOD FOR BANK ACCOUNT MANAGEMENT AND CURRENCY INVESTMENT

• US 20120005117A1
• Filed: 07/02/2010
• Published: 01/05/2012
• Est. Priority Date: 07/02/2010
• Status: Active Grant

• Current Assignee: CDT Global Soft Incorporated
• Original Assignee: CDT Global Soft Incorporated
• Inventors: Klein, David
• Granted Patent: US 8,341,054 B2
• Time in Patent Office: Days
• US Class Current: 705/36.R
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis

Abstract

The invention is a device for bank account management, comprising an input device adapted to receive information related to a diversification of an initial fund of a user, and a processor adapted to calculate a distribution of the initial fund comprising one or more selected currencies based upon the diversification information, convert the initial fund from an initial currency into a converted fund comprising one or more selected currencies based upon the calculated distribution, and record the information about the converted fund in a data file for the bank account.

Claims

1. A device for bank account management, comprising:

an input device adapted to receive information related to a diversification of an initial fund of a user; and

a processor adapted to;

calculate a distribution of the initial fund comprising one or more selected currencies based upon the diversification information;

convert the initial fund from an initial currency into a converted fund comprising one or more selected currencies based upon the calculated distribution; and

record the information about the converted fund in a data file for the bank account.

2. The device of claim 1, wherein the calculation of the distribution of the initial fund comprises:

calculating a difference in an exchange rate between the initial currency and each of the selected currencies over a time period;

calculating a ratio value by dividing the difference in exchange rates for each of the selected currencies by the largest difference; and

calculating a normalized share by dividing each ratio values by the sum of the ratios.

3. The device of claim 1, wherein a diversification information comprises a guideline factor for a calculation and distribution of the initial funds.

4. The device of claim 3, wherein the guideline factor comprises a user risk factor.

5. The device of claim 3, wherein the guideline factor comprises a rate of yield factor.

6. The device of claim 3, wherein the guideline factor comprises a currency efficiency rate factor.

7. The device of claim 3, wherein the guideline factor comprises currency exchange rate data.

8. The device of claim 3, wherein the guideline factor comprises:

gross domestic product of nations in which their respective currency is considered;

historical economic information;

quarterly financial reports;

financial news;

or

other relevant news or financial data information.

9. The device of claim 1, wherein information related to the diversification comprises receiving information related to the initial fund.

10. The device of claim 1, wherein information related to the diversification comprises receiving information related to the selected currency.

11. The device of claim 10, wherein the selected currency comprises the initial currency.

12. The device of claim 1, wherein the input device is further adapted to receive a request to open the bank account.

13. The device of claim 1, wherein the processor is further adapted to create a data file for the bank account.

14. The device of claim 9, wherein information related to the initial fund in an initial currency comprises a fund deposit to the bank account.

15. The device of claim 9, wherein information related to the initial fund in an initial currency comprises a fund withdrawal from the bank account.

16. A method for managing a bank account, comprising:

receiving information related to a diversification of an initial fund of a user;

calculating a distribution of the initial fund comprising one or more selected currencies based upon the diversification information;

converting the initial fund from an initial currency into a converted fund comprising the selected currencies based upon the calculated distribution; and

recording the information about the converted fund in a data file for the bank account.

17. The method of claim 16, wherein the calculation of the distribution of the initial fund comprises:

calculating a difference in an exchange rate between the initial currency and each of the selected currencies over a period;

calculating a ratio value by dividing the difference in exchange rates for each of the selected currencies by the largest difference; and

calculating a normalized share by dividing each ratio values by the sum of the ratios.

18. The method of claim 16, wherein a diversification information comprises to a guideline factor for a calculation and distribution of the initial funds.

19. The method of claim 18, wherein the guideline factor comprises a user risk factor.

20. The method of claim 18, wherein the guideline factor comprises a rate of yield factor.

21. The method of claim 18, wherein the guideline factor comprises a currency efficiency rate factor.

22. The method of claim 18, wherein the guideline factor comprises currency exchange rate data.

23. The method of claim 18, wherein the guideline factor comprises:

gross domestic product of nations in which their respective currency is considered;

historical economic information;

quarterly financial reports;

financial news;

or

other relevant news or financial data information.

24. The method of claim 16, wherein information related to the diversification comprises receiving information related to the initial fund.

25. The method of claim 16, wherein information related to the diversification comprises receiving information related to the selected currency.

26. The method of claim 18, wherein the selected currency comprises the initial currency.

27. The method of claim 16, further comprising receiving a request to open the bank account.

28. The method of claim 16, further comprising creating a data file for the bank account.

29. The method of claim 24 wherein information related to the initial fund comprises a fund deposit to the bank account.

30. The method of claim 24 wherein information related to the initial fund comprises a fund withdrawal from the bank account.

31. A computer-readable medium including codes extractable by a computer, adapted to:

receive information related to a diversification of an initial fund of a user;

calculate a distribution of the initial fund comprising one or more selected currencies based upon the diversification information;

convert the initial fund from an initial currency into a converted fund comprising the selected currencies based upon the calculated distribution; and

record the information about the converted fund in a data file for the bank account.