STREAMLINING APPLICATION USING A SOCIAL NETWORK PLATFORM

• US 20160267597A1
• Filed: 03/13/2015
• Published: 09/15/2016
• Est. Priority Date: 03/13/2015
• Status: Active Grant

• Current Assignee: Bank of America Corp.
• Original Assignee: Bank of America Corp.
• Inventors: Johansen, Joseph Neil, Guido, Anthony David
• Granted Patent: US 10,102,582 B2
• Time in Patent Office: Days
• US Class Current: 1/1
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis
• CPC Class Codes: G06Q 50/01 Social networking

Abstract

Embodiments of the invention are directed to systems, methods and computer program products for use in streamlining customer finance and customer money management platforms. An exemplary apparatus may be configured to provide a financial management application, whereby the financial management application interfaces with an online banking platform to access a customer'"'"'s financial information for use in streamlining the customer'"'"'s finances and money management strategies; receive social network financial information, the social network financial information comprising financial information associated with other customers; compare the customer'"'"'s financial information to the social network financial information; present a comparison of the customer'"'"'s financial information to the social network financial information.

Claims

1. An apparatus for use in providing electronic financial management, whereby the apparatus streamlines customer finance and customer money management platforms and provides a comparison based on a social network platform, the apparatus comprising:

a memory;

a computing processor; and

a module stored in the memory, said module comprising instruction code executable by one or more computing processors, and configured to cause the one or more computing processors to;

provide a financial management application, whereby the financial management application interfaces with an online banking platform to access a customer'"'"'s financial information for use in streamlining the customer'"'"'s finances and money management strategies;

receive social network financial information, the social network financial information comprising financial information associated with other customers;

compare the customer'"'"'s financial information to the social network financial information;

present a comparison of the customer'"'"'s financial information to the social network financial information.

2. The apparatus of claim 1, wherein the one or more computing processors is further configured to:

receive a financial decision from the customer, and determine an impact of the financial decision on the customer'"'"'s financial information.

3. The apparatus of claim 1, wherein the social network financial information comprises information associated with other customers that are substantially similar to the customer.

4. The apparatus of claim 3, wherein the other customers are substantially similar to the customer when a customer from the other customers is of substantially similar age, has a substantially similar job, has a substantially similar number of family members, or lives in the same neighborhood.

5. The apparatus of claim 1, wherein the one or more computing processors is configured to indicate whether the customer is performing better or worse compared to the social network financial information at the present time, in the past, or at a particular time in the future.

6. The apparatus of claim 5, wherein the customer'"'"'s performance is based on financial savings, financial goals, or financial payments.

7. The apparatus of claim 5, wherein the one or more computing processors is configured to indicate how the customer can improve the customer'"'"'s performance compared to the social network financial information.

8. A computer program product for use in providing electronic financial management, whereby the computer program product implements a process for streamlining customer finance and customer money management platforms and provides a comparison based on a social network platform, the computer program product comprising:

a non-transitory computer-readable medium comprising a set of codes for causing a computer to;

provide a financial management application, whereby the financial management application interfaces with an online banking platform to access a customer'"'"'s financial information for use in streamlining the customer'"'"'s finances and money management strategies;

receive social network financial information, the social network financial information comprising financial information associated with other customers;

compare the customer'"'"'s financial information to the social network financial information;

present a comparison of the customer'"'"'s financial information to the social network financial information.

9. The computer program product of claim 8, wherein the one or more set of codes further causes a computer to:

receive a financial decision from the customer, and determine an impact of the financial decision on the customer'"'"'s financial information.

10. The computer program product of claim 8, wherein the social network financial information comprises information associated with other customers that are substantially similar to the customer.

11. The computer program product of claim 10, wherein the other customers are substantially similar to the customer when a customer from the other customers is of substantially similar age, has a substantially similar job, has a substantially similar number of family members, or lives in the same neighborhood.

12. The computer program product of claim 8, wherein the one or more set of codes further causes a computer to indicate whether the customer is performing better or worse compared to the social network financial information at the present time, in the past, or at a particular time in the future.

13. The computer program product of claim 12, wherein the customer'"'"'s performance is based on financial savings, financial goals, or financial payments.

14. The computer program product of claim 12, wherein the one or more set of codes further causes a computer to indicate how the customer can improve the customer'"'"'s performance compared to the social network financial information.

15. A method for use in providing electronic financial management, whereby customer finance and customer money management platforms are streamlined with one another and a comparison is provided based on a social network platform, the method comprising:

providing a financial management application, whereby the financial management application interfaces with an online banking platform to access a customer'"'"'s financial information for use in streamlining the customer'"'"'s finances and money management strategies;

receiving social network financial information, the social network financial information comprising financial information associated with other customers;

comparing the customer'"'"'s financial information to the social network financial information;

presenting a comparison of the customer'"'"'s financial information to the social network financial information.

16. The method of claim 15, wherein the one or more computing processors is further configured to:

receive a financial decision from the customer, and determine an impact of the financial decision on the customer'"'"'s financial information.

17. The method of claim 15, wherein the social network financial information comprises information associated with other customers that are substantially similar to the customer.

18. The method of claim 17, wherein the other customers are substantially similar to the customer when a customer from the other customers is of substantially similar age, has a substantially similar job, has a substantially similar number of family members, or lives in the same neighborhood.

19. The method of claim 15, wherein the one or more computing processors is configured to indicate whether the customer is performing better or worse compared to the social network financial information at the present time, in the past, or at a particular time in the future.

20. The method of claim 19, wherein the customer'"'"'s performance is based on financial savings, financial goals, or financial payments, and wherein the one or more computing processors is configured to indicate how the customer can improve the customer'"'"'s performance compared to the social network financial information.