Company Filing History:
Years Active: 2008-2011
Title: Alan Cole: Innovator in Financial Technology
Introduction
Alan Cole is a distinguished inventor based in Yardley, PA (US), known for his contributions to financial technology. He holds a total of 3 patents that showcase his innovative approach to solving complex problems in the financial sector. His work primarily focuses on enhancing transaction processes and improving the efficiency of financial instruments.
Latest Patents
One of Alan's latest patents is a "Method and system for multi-currency escrow service for web-based transactions." This invention provides a web-accessible escrow service that supports multi-currency transactions. It allows users to register through exchanges and portal partners, facilitating a seamless transaction process. The system includes an internal banking engine that manages deals, messaging, and accounts, ensuring that all funds movements are electronic and secure.
Another significant patent is for "Methods and systems for collateral matching and mark to market reconcilement." This invention offers secure processing methods for multiple financial instruments, enabling real-time identification of matched and unmatched transactions. It also provides real-time portfolio valuations and minimizes manual discrepancies, making financial transactions more efficient and cost-effective.
Career Highlights
Alan Cole is currently employed at Citibank, N.A., where he applies his expertise in financial technology to develop innovative solutions. His work at Citibank has allowed him to contribute significantly to the advancement of financial services, particularly in the areas of transaction processing and collateral management.
Collaborations
Throughout his career, Alan has collaborated with notable colleagues, including Deborah Bennett and Hachadur Hashasian. These partnerships have fostered a collaborative environment that encourages innovation and the sharing of ideas.
Conclusion
Alan Cole's contributions to financial technology through his patents and work at Citibank highlight his role as a key innovator in the industry. His inventions not only improve transaction processes but also enhance the overall efficiency of financial operations.