System and method for goals-based financial registry
US10467663B1 · kind B1 · utility
Assignee
Inventors
Key dates
| Filing date | May 5, 2016 |
| Grant date | Nov 5, 2019 |
| Priority date | — |
| Expiry date | Jan 7, 2038 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/06
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A financial registry system and method for sharing and contributing to common financial goals are disclosed herein. The system allows one or more recipients of funds to share multiple goals and select one or more products that fulfill those goals. The system allows one or more donors to provide funds or purchase one or more recommended products to contribute to the goals of recipients. An analytics engine recommends one or more insurance products that are best aligned to the shared goals of recipients. The analytics engine combines insurance products with other financial products available from service partners to provide a holistic set of financial solutions tailored to the shared goals of recipients. Furthermore, the analytics engine performs continuous analysis of current goals versus future goals in order to achieve proper goals balance. Recipients can use social networks to invite family members, relatives and friends to contribute to their goals.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.