View source for 20240037659. SYSTEM AND METHOD FOR PROVIDING AN AUTOMATED TRADING PLATFORM FOR CROSS-BORDER SETTLEMENTS simplified abstract (MoneyGram International, Inc.)

=SYSTEM AND METHOD FOR PROVIDING AN AUTOMATED TRADING PLATFORM FOR CROSS-BORDER SETTLEMENTS=


==Organization Name==

[[:Category:MoneyGram International, Inc.|MoneyGram International, Inc.]]


[[Category:MoneyGram International, Inc.]]

==Inventor(s)==

[[:Category:Bart S. Van Hoek of Dallas TX (US)|Bart S. Van Hoek of Dallas TX (US)]][[Category:Bart S. Van Hoek of Dallas TX (US)]]

==SYSTEM AND METHOD FOR PROVIDING AN AUTOMATED TRADING PLATFORM FOR CROSS-BORDER SETTLEMENTS - A simplified explanation of the abstract==


This abstract first appeared for US patent application 20240037659 titled 'SYSTEM AND METHOD FOR PROVIDING AN AUTOMATED TRADING PLATFORM FOR CROSS-BORDER SETTLEMENTS

==Simplified Explanation==

The abstract describes a system and method for automated cross-border settlement transactions. The system includes a trading platform network connected to multiple settlement solution networks, as well as an autonomous bot that performs various tasks. These tasks include converting user and system requirements into a target schedule, executing settlement transactions using the trading platform and settlement solutions, determining the difference between executed transactions and the target schedule, and adjusting future settlement transactions if the difference exceeds a predefined threshold.

* The system automates cross-border settlement transactions.
* It includes a trading platform network and multiple settlement solution networks.
* An autonomous bot executes instructions for converting requirements into a target schedule.
* Settlement transactions are executed using the trading platform and settlement solutions.
* The system monitors the difference between executed transactions and the target schedule.
* Future settlement transactions are modified if the difference exceeds a predefined threshold.

Potential applications of this technology:

* Financial institutions can use this system to automate cross-border settlement transactions, reducing manual effort and increasing efficiency.
* Trading platforms can integrate this system to provide seamless settlement solutions for their users.
* Companies involved in international trade can benefit from automated settlement transactions, reducing delays and improving cash flow.

Problems solved by this technology:

* Manual processing of cross-border settlement transactions can be time-consuming and prone to errors. This system automates the process, reducing human intervention and improving accuracy.
* Coordinating settlement transactions across different networks and platforms can be complex. This system provides a centralized solution, simplifying the process and ensuring smooth execution.

Benefits of this technology:

* Automation of cross-border settlement transactions saves time and resources for financial institutions and companies.
* Improved accuracy and reduced errors lead to more reliable settlement transactions.
* The system provides real-time monitoring and adjustment of settlement transactions, ensuring they align with the target schedule.
* Centralized coordination of settlement transactions across multiple networks increases efficiency and reduces complexity.


==Original Abstract Submitted==

systems and methods described herein for automated cross-border settlement transactions, the system comprising: a trading platform network coupled to a plurality of settlement solution networks; and an autonomous bot configured to execute a plurality of instructions for: executing a scheduler to convert a plurality of user requirements and system requirements into a target schedule; executing a plurality of settlement transactions via the settlement solutions using the trading platform; determining a differential between the executed settlement transactions and the target schedule; and modifying the execution of future settlement transactions if the differential is greater than a predefined threshold.



[[Category:G06Q40/04]]
[[Category:G06F16/951]]