SYSTEMS AND METHODS FOR CONSOLIDATING ACCOUNTS

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SYSTEMS AND METHODS FOR CONSOLIDATING ACCOUNTS - A simplified explanation of the abstract

This abstract first appeared for US patent application 20240233010 titled 'SYSTEMS AND METHODS FOR CONSOLIDATING ACCOUNTS

The abstract describes a system for consolidating accounts, where data corresponding to a user is received and used to determine a primary account. Notifications are then displayed on the user device indicating the primary account and the consolidation of secondary accounts based on normalized features.

System for consolidating accounts
Receive user data to determine primary account
Display notifications on user device
Normalize features of secondary accounts
Consolidate secondary accounts into primary account

Potential Applications: - Personal finance management - Streamlining online account access - Simplifying account management for businesses

Problems Solved: - Overwhelming number of accounts to manage - Difficulty in keeping track of multiple accounts - Inefficient use of time and resources in managing accounts

Benefits: - Improved organization of accounts - Enhanced user experience - Time and resource efficiency in account management

Commercial Applications: Title: Account Consolidation System for Efficient Management This technology could be utilized by financial institutions, online service providers, and businesses to streamline account management processes, improve user experience, and increase efficiency in handling multiple accounts.

Questions about Account Consolidation System: 1. How does the system determine the primary account for consolidation? The system uses machine learning algorithms to analyze user data and select the most suitable account as the primary one.

2. What are the potential benefits of consolidating accounts using this system? Consolidating accounts can lead to better organization, improved efficiency, and a more seamless user experience.

Original Abstract Submitted

disclosed embodiments may include a system for consolidating accounts. the system may receive data corresponding to a user. the system may determine, via a first mlm and based on the data, a first account of a plurality of accounts to use as a primary account. the system may cause a user device to display, via a gui, a first notification indicating the first account as the primary account. the system may normalize, via a second mlm, respective feature(s) of second account(s) of the plurality of accounts in comparison to the respective feature(s) of the first account. the system may cause the user device to display, via the gui, a second notification indicating a consolidation of the second account(s) into the first account based on the normalized respective feature(s). the system may consolidate the second account(s) into the first account based on the second recommendation.