US 2019/0057455 A1Published application

Integrated personal finance management system for managing cash flow

AssigneeFlo Free LLC

InventorDavid Mozeika

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Abstract

This disclosure is directed to computing services that provide consolidated financial data associated with a user, along with metrics that indicate the user's performance in his or her savings. A FLO service system may receive financial account-based information associated with a user and link that information to a user profile of the user. The financial account-based information may be used by the FLO service system to obtain financial transaction data from individual ones of the user's financial accounts. The financial transaction data may then be used to dynamically generate one or more metric values, such as free cash flow, FLO score, indicating the free cash flow as a percentage of cash outflow, and the like. These metric values may be determined dynamically over various time frames and displayed to provide a picture of the user's financial health. The FLO system may also enable interactions with a financial advisor.

Claims20

Dependent claims

A system comprising:

one or more processors;
and
memory to store computer-executable instructions that, when executed, cause the one or more processors to perform acts to:
receive, from a client device associated with a user, a first financial account authentication credential associated with the user and associated with a first financial institution system;
receive, from the client device, a second financial account authentication credential associated with the user and associated with a second financial institution system;
send a first request, to the first financial institution system and using the first financial account authentication credential, a first financial transaction data associated with a first financial transaction during a time period;
receive, responsive to the first request and from the first financial institution system, the first financial transaction data;
send a second request, from the second financial institution system and using the second financial account authentication credential, a second financial transaction data associated with a second financial transaction during the time period;
receive, responsive to the second request and from the second financial institution system, the second financial transaction data;
determine that the first financial transaction data is to be classified as a first classification of an inflow transaction;
determine that the second financial transaction data is to be classified as a second classification of an outflow transaction;
determine, based at least in part on the first financial transaction data, the second financial transaction data, the first classification, and the second classification, a free cash flow value during the time period;
determine, based at least in part on the free cash flow value, a score indicating a percentage of free cash flow value relative to a cash outflow during the time period;
determine, bases at least in part on the score, a rating for the score;
and
send, to the client device, the free cash flow value, the score, and the rating.

13 more elements

A method comprising:

receiving, from a financial institution system, a plurality of financial transaction data associated with a user;
determining a first subset of financial transaction data from the plurality of financial transaction data, the first subset of financial transaction data associated with a time period;
determining a second subset of financial transaction data from the first subset of financial transaction data, individual ones of the second subset of financial transaction data corresponding to inflow financial transactions;
determining a third subset of financial transaction data from the first subset of financial transaction data, individual ones of the third subset of financial transaction data corresponding to outflow financial transactions;
determining a financial metric value for the time period based at least in part on the second subset of financial transaction data and the third subset of financial transaction data;
and
sending, to a client device associated with the user, the financial metric value.

4 more elements

A system comprising:

one or more processors;
and
memory to store computer-executable instructions that, when executed, cause the one or more processors to perform acts to:
determine a first set of financial transactions associated with a first user;
determine, based at least in part on the first set of financial transactions, a first financial metric value associated with the first user;
determine a second set of financial transactions associated with a second user;
determine, based at least in part on the second set of financial transactions, a second financial metric value;
determine that the first user and the second user are associated with a financial advisor;
and
send, to a financial advisor system associated with the financial advisor, the first financial metric value and the second financial metric value.

7 more elements

Dependencies are inferred from the claim text.

Facts

Application: 16/103,521Filed 14 Aug 2018
Priority: 15 Aug 2017
Published: 21 Feb 2019
Term ends: Not estimatedThe source records don’t support an estimate.

Classification3 codes

G06Q 40/12
Finance; Insurance; Tax strategies; Processing of corporate or income taxes: accounting
G06Q 40/02
Finance; Insurance; Tax strategies; Processing of corporate or income taxes: banking, e.g. interest calculation or account maintenance
G06Q
Information and communication technology [ict] specially adapted for administrative, commercial, financial, managerial

Family

Application62/545,707Us provisional application · filed 15 Aug 2017
US 2019/0057455 A1This patent

From the US filing history. Foreign family members aren’t listed.

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