Systems and methods for client screening in the financial services industry
OwnerScott Fergussoninventor
Life of this patent
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Abstract
Systems, methods, and interfaces for screening clients for security compliance with a Customer Identification Program are disclosed. An illustrative system for screening clients can include a client screening engine adapted to filter client account data based on one or more filtering criteria, a database adapted to store client account information and verification status information, and a graphical user interface adapted to selectively display client account information and verification status information for one or more selected clients on a screen. The system can be used to submit identity verification requests to Customer Identification Program vendors for only those clients whose identity have not been verified.
Claims20
A system for screening clients for security compliance, the system comprising:
- a client screening engine adapted to filter client account data based on one or more filtering criteria;
- a database adapted to store client account information and verification status information;
- and
- a graphical user interface adapted to selectively display client account information and verification status information for one or more selected clients on a screen.
A method of screening clients for security compliance, the method comprising the steps of:
- initiating a client screening request and receiving client account data for one or more new or existing clients from an account custodian;
- associating the account data received from the account custodian with a unique client identification tag for each client;
- identifying for each client whether the client's identification has been previously verified;
- filtering the client account data received from the account custodian based on one or more filtering criteria and outputting a filtered subset of the client account data for review by a user;
- outputting customer identifying information of only unverified clients to a customer identification program vendor for verification of each client's identity;
- receiving the verification status of each submitted client from the customer identification program vendor;
- and
- notifying the user of the verification status of one or more submitted clients.
Dependencies are inferred from the claim text.