18063265. ACTIONABLE INSIGHTS FOR RESOURCE TRANSFERS simplified abstract (Truist Bank)

ACTIONABLE INSIGHTS FOR RESOURCE TRANSFERS

Organization Name

Truist Bank

Inventor(s)

Candice Mercer Roberts of Harrisburg NC (US)

Randy Eric Borth of Concord NC (US)

Ashok Kumar Mittal of Charlotte NC (US)

Surendra Nath Puduru of Raleigh NC (US)

WeiJen Lu of Raleigh NC (US)

Natalie Renee Stormer of Raleigh NC (US)

Reinaldo Gamaliel Rivera Colon of Raleigh NC (US)

Kelly Mosby Griffin of Matthews NC (US)

Jennifer Meredith Merten of Brookhaven GA (US)

Mary Margaret Mueller of Charlotte NC (US)

ACTIONABLE INSIGHTS FOR RESOURCE TRANSFERS - A simplified explanation of the abstract

This abstract first appeared for US patent application 18063265 titled 'ACTIONABLE INSIGHTS FOR RESOURCE TRANSFERS

Simplified Explanation: The patent application describes systems and methods for automating the management and monitoring of remote resource utilization activity. These systems process data related to resource transfers and end user attributes to generate notifications and optimize resource utilization.

• Utilizes incoming transfer instructions and data on prior resource transfers.
• Generates notifications on current transfer activity and expected future transfers.
• Optimizes ongoing resource utilization and transfer activity.
• Ensures secure management through encryption and device authentication techniques.

Key Features and Innovation: - Automation of management and monitoring of remote resource utilization activity. - Processing of transfer instructions and data to generate notifications. - Optimization of resource utilization and transfer activity. - Secure management using encryption and authentication techniques.

Potential Applications: The technology can be applied in various industries such as finance, healthcare, and logistics for efficient resource utilization and transfer monitoring.

Problems Solved: The technology addresses the challenges of manual resource management and monitoring, ensuring effective utilization and secure transfer activity.

Benefits: - Enhanced efficiency in resource utilization. - Improved monitoring and management of transfer activity. - Secure transfer operations through encryption and authentication.

Commercial Applications: The technology can be utilized in financial institutions, healthcare facilities, and supply chain management companies to streamline resource utilization and transfer processes.

Prior Art: Readers can explore prior art related to resource utilization automation, transfer monitoring, and secure management techniques in the fields of information technology and cybersecurity.

Frequently Updated Research: Stay updated on the latest advancements in resource utilization automation, transfer monitoring, and secure management techniques to enhance operational efficiency and security measures.

Questions about Resource Utilization Automation: 1. How does the technology ensure secure transfer operations? 2. What industries can benefit the most from automated resource utilization management?

Original Abstract Submitted

Disclosed are systems and methods that automate management and monitoring of remote resource utilization activity. The systems process incoming transfer instructions, data relating to prior resource transfers, and data relating to end user attributes and activities to generate notifications concerning relevant current transfer activity, expected future transfers, and modifications to optimize ongoing resource utilization and transfer activity. The systems allow resource utilization to be managed effectively, efficiently, and in a secure fashion using encryption and individual computing device authentication techniques.