Patent ID: 8626642

Claim:
A computer system for managing financial accounts, the computer system comprising: a processing system configured to execute a plurality of integrated computer software components configured to establish a new financial account for a new customer and manage a plurality of existing financial accounts for a plurality of existing customers, the integrated computer software components comprising: a data collection component configured to receive account option data and account formation data pertaining to a new customer; a decision engine configured to qualify the new customer for a new financial account based at least in part on qualification criteria and said formation data and said account option data; an account creation component configured to establish the new financial account for the qualified customer based at least in part on the account option data and account formation data; an account management component configured to manage account data associated with said new financial account and a plurality of existing financial accounts; a transactional processing component configured to receive transactions and clear the transactions against the new financial account and the plurality of existing financial accounts; and a data aggregation module coupled with the account management component, the transactional processing component, and the decision engine, the data aggregation module configured to aggregate data associated with the transactions for the plurality of existing financial accounts and provide feedback information related to the aggregated transaction data to the decision engine and the account management component, wherein the decision engine modifies the qualification criteria based on the feedback information and the account management component modifies the account data of one or more of the new financial account and the existing financial accounts based on the feedback information.