System and method for updating bin information

A system, comprising:

• an electronic database;
• a non-transitory memory;
• and
• one or more hardware processors coupled to the non-transitory memory and configured to read instructions from the non-transitory memory to cause the system to perform operations comprising:
• receiving a bank identification number (BIN) file storing BIN property information corresponding to a plurality of BINs, the bins each comprising data for conducting one or more transactions;
• based on the BIN property information, detecting a first update corresponding to a first BIN of the plurality of BINs and detecting a second update corresponding to a second BIN of the plurality of BINs;
• estimating a first impact associated with applying the first update corresponding to the first BIN and a second impact associated with applying the second update corresponding to the second BIN;
• based on determining that the first impact is below a predefined threshold, automatically applying the first update corresponding to the first BIN at least in part by automatically updating the electronic database;
• and
• based on determining that the second impact is above the predefined threshold, performing additional impact analysis with respect to the second update corresponding to the second BIN.

A non-transitory machine-readable medium having stored thereon machine-readable instructions executable to cause a machine to perform operations comprising:

• detecting an update for each of a plurality of bank identification numbers (BINs) in a BIN file, the BINs each comprising data for conducting one or more transactions;
• analyzing a risk associated with the update for each of the BINs;
• determining, based on the analyzing, that at a first subset of the BINs each have a respective risk that is below a predefined threshold and that a second subset of the BINs each have a respective risk that is above the predefined threshold;
• updating an electronic BIN database based on updates for the BINs in the first subset;
• and
• conducting additional analysis of the BINs in the second subset without updating the electronic BIN database.