Financial institution portal system and method

• US 7,593,892 B2
• Filed: 10/04/2005
• Issued: 09/22/2009
• Est. Priority Date: 10/04/2004
• Status: Expired due to Fees

• Current Assignee: Standard Chartered UK Holdings Limited (Standard Chartered PLC)
• Original Assignee: Standard Chartered PLC
• Inventors: Nicol, Jennifer E., Bruno, Daniel A. Cejudo, Balk, Michael A.
• Primary Examiner(s): Trammell; James P
• Assistant Examiner(s): Swartz; Jamie H
• Application Number:
  US11/163,081
• Publication Number:
  US 20060089894A1
• Time in Patent Office: 1,449 Days
• Field of Search: 705/40, 705/38, 705/35, 705/30
• US Class Current: 705/38
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof

Abstract

Systems and methods utilizing a portal on a single computer platform for improving risk assessment and business reporting are disclosed. The portal integrates at least two financial information resources such as, for example, an electronic credit report (eCR) database, an electronic know your customer (eKYC) database, a client business management information system, and a customer profitability system large area network. The eCR database includes a link to an exposure database, a credit rating database, and/or an intelligence database. The eKYC database includes an anti-money laundering scoring module, and/or a standard KYC form or an enhanced KYC form.

Claims

1. A portal system configured to integrate financial information resources, comprising:

an application server including a portal, wherein said portal comprises a link to at least two of an electronic credit report (eCR) database, an electronic know your customer (eKYC) database, a client business management information system (CBMIS), and a customer profitability system large area network (CPS LAN);

an anti-money laundering (AML) scoring server configured to retrieve risk information of an organization from at least one of;

said electronic credit report (eCR) database, said electronic know your customer (eKYC) database, said client business management information system (CBMIS), and said customer profitability system large area network (CPS LAN), wherein said risk information includes a first branch and a second branch, and wherein said first branch is geographically separated from said second branch;

said AML scoring server configured to independently analyze risk inquiries based upon said risk information, said risk inquiries relating to said first branch and second branch, wherein said plurality of risk inquiries include political ownership information, political environment information, and at least one of customer information, regulatory information, management information, geographic location information, financial performance information, economic information or ownership information;

said AML scoring server configured to independently calculate risk scores for each of said risk inquiries relating to said at least one of;

said first branch and second branch, wherein said risk scores are based upon weightings assigned to each of said risk inquiries;

said AML scoring server configured to independently calculate an AML scores for at least one of;

said first branch and said second branch based on summing said risk scores associated with each of said risk inquiries; and

,

a web server coupled to said application server to facilitate access to said portal system for users to obtain said AML scores.

2. The portal system of claim 1, wherein said portal comprises a link to each of said eCR database, said eKYC database, said CRMIS, and said CPS LAN.

3. The portal system of claim 2, wherein said application server comprises said eCR database, wherein said eCR database comprises a link to at least one of an exposure database, a credit rating database, and an intelligence database.

4. The portal system of claim 3, wherein said portal comprises a link to said eCR database and a portal to said eKYC database, wherein said eKYC database comprises said AML scoring module and at least one of:

a standard KYC form and an enhanced KYC form.

5. The portal system of claim 4, wherein said portal comprises a first link to said eCR database and a second link to said eKYC database, wherein:

said eCR database comprises a third link to at least one of an exposure database, a credit rating database, and an intelligence database, and

said KYC database comprises said AML scoring module and at least one of a standard KYC form and an enhanced KYC form.

6. The portal system of claim 5, wherein said portal comprises a first link to said eCR database and a second link to said eKYC database, wherein:

said eCR database comprises a third link to at least one of an exposure database, a credit rating database, and an intelligence database, and

said KYC database comprises said AML scoring module and at least one of a standard KYC form and an enhanced KYC form, wherein said AML scoring module is configured to calculate said AML scores based upon at least one user input and produce a risk classification.

7. The portal system of claim 6, wherein said portal comprises a first link to said eCR database and a second link to said eKYC database, wherein:

said eCR database comprises a third link to at least one of an exposure database, a credit rating database, and an intelligence database, and

said KYC database comprises said AML scoring module and at least one of a standard KYC form and an enhanced KYC form, wherein said AML scoring module is configured to calculate said AML scores based upon at least one user input and produce a risk classification, wherein said risk classification comprises a high, high-medium, medium, medium-low, and low classification.

8. The portal system of claim 7, wherein said portal system facilitates access to substantially the same information by said users.

9. The portal system of claim 8, wherein said portal system facilitates access to substantially the same information by said users, and said information is stored in a customer file on said application server.

10. The portal system of claim 9, wherein said portal system facilitates access to substantially the same information by said users, and said information facilitates at least one of credit approval and Know Your Customer (KYC) approval for a customer and, wherein said at least one of:

said credit approval and said KYC approval is used to determine whether to extend credit to said customer.

11. The portal system of claim 10, wherein said portal system facilitates access to substantially the same information by said users, and said information facilitates Know Your Customer (KYC) approval, wherein said KYC approval comprises approval from at least one manager from within said users.

16. The portal system of claim 11, wherein said customer information includes an institution type, whether a client premises was visited, whether a compliance check was performed, whether a customer is a new customer, and length of relationship with said customer.

17. The portal system of claim 16, wherein said regulatory information includes suspicious activity reporting, whether a license was granted, license status, legal status, who collaborated said license status, products, services, customer base, and regulatory enforcement action.

18. The portal system of claim 17, wherein said management information includes comments on background of senior management.

19. The portal system of claim 18, wherein said ownership information includes group structure, bank ownership, non-bank ownership, major ownership changes, and public trading information.

20. The portal system of claim 19, wherein said first branch includes at least one of:

a first headquarter, a first regional outpost, a first department, or a first subsidiary, and wherein said second branch includes at least one of;

a second headquarter, a second regional outpost, a second department, or a second subsidiary.

12. A computer-implemented method for facilitating improved risk assessment and business reporting comprising said steps of:

providing access to a first user, via a portal on a platform of said computer, to financial information resources relating to a first branch and a second branch of an organization, wherein said first branch is geographically separated from said second branch, wherein said financial information resources comprise at least two of an electronic credit report (eCR) database, a electronic know your customer (eKYC) database, a client business management information system (CBMIS), and a customer profitability system large area network (CPS LAN);

retrieving, by said computer and from said financial information sources, risk information relating to said first branch and said second branch from said financial information sources;

sorting, by said computer, said risk information among risk inquiries independently relating to said first branch and said second branch, wherein said plurality of risk inquiries include political ownership information, political environment information, and at least one of customer information, regulatory information, management information, geographic location information, financial performance information, political environment information, economic information or ownership information;

calculating, by said computer, risk scores for each of said risk inquiries independently relating to said first branch and said second branch wherein said risk scores are based upon weightings assigned to each of said risk inquiries;

calculating, by said computer, an AML scores for said first branch and said second branch based on summing said risk scores associated with each of said risk inquiries;

storing, by said computer, said AML scores in a file of said first user; and

forwarding said file to a second user.

13. The computer-implemented method of claim 12, further comprising said steps of:

providing access, via said portal, to said financial information resources associated with said first branch and said second branch to said second user;

receiving, by said computer, further information associated with said first branch and said second branch from said second user; and

storing, by said computer, said further information in said file.

14. The computer-implemented method of claim 13, further comprising said steps of:

providing access, via said portal, to said financial information resources associated with said first branch and said second branch to said second user;

receiving, by said computer, further information associated with said first branch and said second branch from said second user;

storing, by said computer, said further information in said file; and

forwarding said file storing said information and said further information to a third user.

15. A computer readable medium, tangibly embodied with instructions which, when executed by a computer, perform the steps comprising:

providing access to a first user, via a portal on a platform of said computer, to financial information resources relating to a first branch and a second branch, wherein said first branch is geographically separated from said second branch, and wherein said financial information resources comprise at least two of an electronic credit report (eCR) database, a electronic know your customer (eKYC) database, a client business management information system (CBMIS), and a customer profitability system large area network (CPS LAN);

retrieving, by said computer and from said financial information sources, risk information relating to said first branch and said second branch;

sorting, by said computer, said risk information among a risk inquiries independently relating to said first branch and said second branch, wherein said plurality of risk inquiries include political ownership information, political environment information, and at least one of customer information, regulatory information, management information, geographic location information, financial performance information, economic information or ownership information;

calculating, by said computer, risk scores for each of said plurality of said risk inquiries independently relating to said first branch and said second branch, wherein said risk scores are based upon weightings assigned to each of said risk inquiries;

calculating, by said computer, AML scores for said first branch and said second branch based on summing said risk scores associated with each of said risk inquiries;

storing, by said computer, each of said AML scores in a file of said first user; and

forwarding said file to a second user.