Systems and methods for improving data processing and management
AssigneeIntercontinental Exchange Holdings, Inc.
InventorsChristopher McEntee, Brenda B. Clem, Joseph Michalowski, Robyn Piatt
Life of this patent
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Abstract
Systems and methods for data management via a data management system are provided. The data management system can receive data relating to one or more assets, the data in one or more formats, convert the asset data to a uniform format, extract data elements, compare and normalize the data elements against a standard reference database, and automatically validate the one or more data elements. The validation can be performed by comparing data elements to requirements set by the data management system or other party, and confirming that the data elements match the requirements. The validation can operate to initiate an asset transaction.
Claims13
A system for data validation and management comprising:
- one or more computer devices comprising a processor configured to execute computer-readable instructions that, when executed, cause the processor to:
- receive, by a processing mechanism, asset data having a plurality of data formats from one or more data sources through a wired or wireless network, the asset data relating to one or more assets and comprising:
- an electronic asset file,
- an electronic note configured to be signed via at least one digital signature, and
- a meta-data package describing contents of the electronic asset file and the electronic note;
- store, by the processing mechanism, the asset data in a database;
- determine, by a validation sub-system, based on an analysis of the meta-data package, that contents of one or more of the electronic asset file and the electronic note do not meet delivery standards and eligibility requirements of a clearing house;
- automatically normalize, by the validation sub-system, the asset data to generate normalized asset data comprising a single uniform format that meets the delivery standards and the eligibility requirements of the clearing house through at least one of a translation, a transformation, and a conversion of contents of the asset data;
- generate, by the validation sub-system, an electronic message with an indication that the normalized asset data meets the delivery standards and the eligibility requirements of the clearing house;
- transmit, by the validation sub-system, through the wired or wireless network, the electronic message to the one or more data sources;
- update, by the validation sub-system, the meta-data package to include the indication that the normalized asset data meets the delivery standards and the eligibility requirements of the clearing house;
- extract, by the validation sub-system, one or more values from the normalized asset data;
- automatically validate, by the validation sub-system, the one or more values by comparing the one or more values to one or more requirements of normalized compliance data comprising the single uniform format;
- transmit, by the validation sub-system, a confirmation to the processing mechanism when the one or more values match the one or more requirements of the normalized compliance data;
- and
- initiate, by the processing mechanism upon receiving the confirmation from the validation sub-system, an asset transaction comprising the one or more values.
Dependencies are inferred from the claim text.