IP Library Granted Patent US 11,270,389
Granted Patent B2
US 11,270,389 · App. 16/442,104 · Granted Mar 8, 2022

Issue management system

Inventors: Duane Elliott Lee (Toronto, CA); Emily Marguerite Cox (East York, CA)
Assignee: BANK OF MONTREAL
G06Q40/12G06F16/2365G06N20/00
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Quick Facts
Patent No.
US 11,270,389
App. No.
16/442,104
Filed
Jun 14, 2019
Granted
Mar 8, 2022
Kind
B2
Art Unit
3687
USPC
705/30
Abstract

A new issue management (NIMS) platform configured to track and report on New Issue data and generate visual elements, alerts and reports for interface applications. The NIMS platform provides a data capture and normalization solution. The NIMS platform can streamline data capture and dissemination processes and procedures by reducing duplicative data entry and manual input. The NIMS platform can improve data consistency by establishing automated systems across various lines of business for an organization. The NIMS platform can implement data capture, remediation and migration of current and historical data.

Claims (46)

1. A new issue management system comprising:

data storage device storing deal data, data models, stakeholders data, machine executable instructions;

a processor connected to the data storage device configured by the machine executable instructions to:

process input data to generate data entries using a mapping generated based on the data models, the input data having structured data and unstructured data, the data entries including pricing data;

execute an audit tool comprising a machine learning model configured to determine, for each of the data entries generated from the input data using a mapping generated based on the data model, at least one validation rank representing quality of information, by inputting the data entries generated from the input data and data accessed from unrelated data sources;

wherein the machine learning model is trained using updated data entries generated from the input data, updated data accessed from the unrelated data sources, and validated data stored in the data storage device:

store the data entries in the data storage device;

generate a dynamic form for a new issue deal entry, the dynamic form having form fields automatically populated by a set of data entries of the generated data entries using the mapping;

generate and transmit a new deal alert to a plurality of stakeholders, the new deal alert indicating that a new issue is live;

provide, at an interface application, remote access by the plurality of stakeholders to the dynamic form for the new issue deal entry to receive additional data, the remote access based on security parameters;

process the additional data to generate additional data entries using the mapping;

validate the additional data entries using the audit tool;

store the additional data entries in the data storage device;

populate the dynamic form field with the additional data entries using the mapping; and

generate and transmit an update alert including a report of the additional data entries for the new issue.

2. The system of claim 1 wherein the audit tool comprising the machine learning model is configured to determine the at least one validation rank for each of the data entries by comparing the data entries to the validated data stored in the data storage device and to the data accessed from unrelated data sources, wherein the audit tool is configured to evaluate quality of the unrelated data sources for the comparison.

3. The system of claim 1 wherein the data accessed from unrelated data sources comprise data accessed from example multiple unrelated data sources.

4. The system of claim 1 wherein the at least one validation rank determined for each of the data entries comprises a risk ranking.

5. The system of claim 4 , wherein the risk ranking for each of the data entries comprises one of validated, partially validated, or un-validated.

6. The system of claim 1 wherein the audit tool generates visual elements corresponding to data flagged during the determination of at least one validation rank, the visual elements for the interface application.

7. The system of claim 1 wherein the processor determines a list of interested buyers identified by the stakeholders data stored by the data storage device, wherein the plurality of stakeholders include the list of interested buyers, wherein the processor further determines allotments control fills for the new issue between the list of interested buyers.

8. The system of claim 1 wherein the additional data entries indicate buyer data, and the processor is configured to generate a buyer record and update the mapping to link the buyer record to the additional data entries.

9. The system of claim 1 wherein the new deal alert comprises: issue information, issuer, type, amount, coupon, maturity, pricing, closing, dealer, and syndicates.

10. The system of claim 1 wherein the processor computes profit and loss data based on the data entries.

11. The system of claim 1 comprising code logic for Issuer or Investor mapping adjudications, account mappings, Issuer/Syndicate/Investor information verification.

12. The system of claim 1 wherein the processor generates a data audit view for display at interface application, the data audit view having visual elements relating to data flagged for unmapped buyers, deals missing products, missing primary sales, conflicting sales with accounts.

13. A non-transitory computer readable medium with machine executable instructions to configure a processor to:

process input data to generate data entries using a mapping generated based on data models, the input data having structured data and unstructured data, the data entries including pricing data;

execute an audit tool comprising a machine learning model configured to determine, for each of the data entries generated from the input data using a mapping generated based on the data model, at least one validation rank representing quality of information, by inputting the data entries generated from the input data and data accessed from unrelated data sources;

wherein the machine learning model is trained using updated data entries generated from the input data, updated data accessed from the unrelated data sources, and validated data stored in the data storage device:

store the data entries in a data storage device;

generate a dynamic form for a new issue deal entry, the dynamic form having form fields automatically populated by a set of data entries of the generated data entries using the mapping;

generate and transmit a new deal alert to a plurality of stakeholders, the new deal alert indicating that a new issue is live;

provide, at an interface application, remote access by the plurality of stakeholders to the dynamic form for the new issue deal entry to receive additional data, the remote access based on security parameters;

process the additional data to generate additional data entries using the mapping;

validate the additional data entries;

store the additional data entries in the data storage device;

populate the dynamic form field with the additional data entries using the mapping; and

generate and transmit an update alert including a report of the additional data entries for the new issue.

14. The computer readable medium of claim 13 wherein the audit tool comprising the machine learning model is configured to determine the at least one validation rank for each of the data entries by comparing the data entries to the validated data stored in the data storage device and to the data accessed from unrelated data sources, wherein the audit tool is configured to evaluate quality of the unrelated data sources for the comparison.

15. The computer readable medium of claim 13 wherein the data accessed from unrelated data sources comprise data accessed from example multiple unrelated data sources.

16. The computer readable medium of claim 13 wherein the at least one validation rank determined for each of the data entries comprises a risk ranking.

17. The computer readable medium of claim 13 wherein the audit tool generates visual elements corresponding to data flagged during the determination of at least one validation rank, the visual elements for the interface application.

18. The computer readable medium of claim 13 that configures the processor to determine a list of interested buyers, wherein the plurality of stakeholders include the list of interested buyers, and further configures the processor to determine allotments control fills for the new issue between the list of interested buyers.

19. The computer readable medium of claim 13 wherein the additional data entries indicate buyer data, and the processor is configured to generate a buyer record and update the mapping to link the buyer record to the additional data entries.

20. The computer readable medium of claim 13 , wherein the risk ranking for each of the data entries comprises one of validated, partially validated, or un-validated.

Assignments (1)
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Jun 24, 2019
From: LEE, DUANE ELLIOTT; COX, EMILY MARGUERITE
To: BANK OF MONTREAL
Reel/Frame 049564/0353 →
Continuity (2)
Provisional Application 62685591 · Jun 15, 2018
Related Publication 20190385240A1 · Dec 19, 2019