System and method for transaction reconciliation and anomaly detection using tokenized decentralized mesh

US12346966B2 · kind B2 · utility

Assignee

• Bank of America Corporation · US

Inventors

• Sakshi Bakshi · New Delhi, IN
• Sharat Chandran · Mumbai, IN
• Arif Ahmad Khan · New Delhi, IN
• Durga Prasad Kutthumolu · Hyderabad, IN
• Kapil Juneja · Survanagiri, IN
• Arvind Bansal · Sindhar, IN

Key dates

• Filing date: May 8, 2023
• Grant date: Jul 1, 2025
• Expiry date: Jan 10, 2044

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q2220/00
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Aspects of the disclosure relate to a dual-system reconciliation process of trades. A first real-time trade processing and centralized reconciliation engine may continuously process trades in real-time and may perform centralized reconciliation of the trades. An anomaly detection and reconciliation mesh analysis engine may tokenize trade metadata received from the first real-time trade processing and centralized reconciliation engine, generate tokenized trade digital DNA, generate hashed tokenized trade digital DNA, evaluate and validate the hashed data, and perform decentralized reconciliation mesh analysis of the hashed data using a reconciliation mesh. The anomaly detection and reconciliation mesh analysis engine may send one or more monitory policies from the reconciliation mesh to a user device and may receive a first monitory policy selection from the user device. The anomaly detection and reconciliation mesh analysis engine may update the decentralized reconciliation mesh based on the first monitory policy selection.