Company Filing History:
Years Active: 2000-2008
Title: Innovations by Alan Schneider
Introduction
Alan Schneider is an accomplished inventor based in Maplewood, NJ (US). He has made significant contributions to the field of finance and technology, holding 2 patents that showcase his innovative spirit and technical expertise.
Latest Patents
One of his latest patents is titled "System and method for centralized automated reconciliation of custody accounts." This invention provides a method and system for the centralized automated reconciliation of investment manager and related custody accounts. It utilizes computer hardware and software in a service bureau environment to receive information and records electronically from fund managers and custodian banks in various formats. The system reformats the files for input and performs the reconciliation process uniformly. Additionally, it allows fund managers and custodians to establish matching rules, view matching results, track investigations for unmatched records, and manually match those records.
Another notable patent is the "Method and system for improved collateral monitoring and control." This system offers advanced multi-currency collateral monitoring and control for various businesses. It maintains portfolios of collateral accounts and liability information while supporting transaction processing through manual input or SWIFT messaging. The system applies acceptance rules to determine the collateral value of security purchases and can prevent security sales based on insufficient collateral. It also includes tables in a relational database to assess the risk associated with holding different types of securities and currencies.
Career Highlights
Alan Schneider is currently employed at Citibank, N.A., where he applies his innovative ideas to enhance financial processes and systems. His work has significantly impacted the efficiency and effectiveness of collateral management and account reconciliation.
Collaborations
Throughout his career, Alan has collaborated with talented professionals, including Terence Boyle and Kishwer Aziz. These partnerships have fostered a creative environment that encourages the development of groundbreaking solutions in the financial sector.
Conclusion
Alan Schneider's contributions to the field of finance through his patents demonstrate his commitment to innovation and excellence. His work continues to influence the industry, paving the way for more efficient financial practices.