Systems and methods for private loan creation

US11416927B1 · kind B1 · utility

Assignee

• Wells Fargo Bank, N.A. · US

Inventors

• Sotirios K. Barkas · San Jose, US
• Yon Wing Lee · San Francisco, US
• Darius A. Miranda · San Francisco, US
• Marria Rhodriquez · San Francisco, US
• Darrell L. Suen · San Ramon, US
• John T. Wright · Benicia, US

Key dates

• Filing date: Jan 25, 2021
• Grant date: Aug 16, 2022
• Expiry date: Jan 25, 2041

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/03
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Examples described herein relate to media, apparatuses and methods. In an embodiment, a digital funding group for transactions initiated by a user via a user computing device is established. Information relating to a prospective transaction is received via a client application. The client application monitors a system idle timer of the user computing device and resets the system idle timer at predetermined time intervals, thereby maintaining the user computing device in active mode. The client application performs an electronic search for a sponsorship opportunity related to the at least one prospective transaction, generates a displayable result set comprising at least one prospective sponsor; renders the displayable result set, and responsive to a user selection of a particular sponsor from the displayable result set, causes the particular sponsor to be added to the digital funding group.