Patent ID: 8280787
Filing Date: 2012-10-02
Classification: G06Q

Abstract:
1. A computing system implemented process for recommending a bank account based on consumer financial data comprising: obtaining data representing one or more bank accounts currently available; obtaining consumer financial banking transaction data from multiple contributing consumers, and analyzing that obtained consumer financial transaction data to derive one or more banking features associated with the one or more bank accounts currently available; categorizing the one or more bank accounts currently available according to the one or more banking features associated with the one or more bank accounts currently available: storing data representing the categorization of the one or more bank accounts currently available and at least part of the obtained data representing the one or more bank accounts currently available, and one or more banking features associated with the one or more bank accounts, in an available bank accounts database; obtaining financial data associated with a given consumer, the financial data associated with the given consumer including data indicating one or more bank accounts associated with the given consumer and one or more banking transactions conducted involving one or more of the one or more bank accounts associated with the given consumer, the financial data further including one or more of: using one or more processors associated with one or more computing systems to analyze the financial data associated with the given consumer to identify one or more consumer bank account usage attributes associated with the given consumer; associating data representing the one or more consumer bank account usage attributes associated with the given consumer with data representing the given consumer and storing the data representing the given consumer and the data representing one or more consumer bank account usage attributes associated with the given consumer in a data storage means; using one or more processors associated with one or more computing systems to search the available bank accounts database using the data representing the identified one or more consumer bank account usage attributes associated with the given consumer to find one or more of the one or more bank accounts currently available having banking features that are advantageous to the given consumer in light of the one or more consumer bank account usage attributes associated with the given consumer; and recommending one or more of the one or more bank accounts available having banking features that are advantageous to the given consumer by providing the given consumer access to data indicating the one or more of the one or more bank accounts available having banking features that are advantageous to the given consumer in light of the one or more consumer bank account usage attributes associated with the given consumer.