Company Filing History:
Years Active: 2006
Title: Innovations of Arun M Gunewardena
Introduction
Arun M Gunewardena is an accomplished inventor based in New York, NY. He has made significant contributions to the field of online transaction risk management. His innovative approach has led to the development of a unique system that enhances the security of online sales.
Latest Patents
Arun holds a patent for an "Online sales risk management system." This invention is a computer-implemented method designed to provide risk management for online transactions. The system allows for the entry of an exchange price for foreign currency relative to a base currency into a host computer. The host computer receives data describing transactions involving the foreign currency that occurred within a predetermined time period, including transaction amounts. Currency is exchanged according to the entered price and the transaction amounts. The system calculates risk exposure based on the aggregate amount of currency involved in transactions during the predetermined time period, utilizing market data related to the price of the foreign currency. This invention can capture each transaction amount related to sales on e-commerce sites, facilitating automatic currency exchange at the entered price for local currency.
Career Highlights
Arun is currently employed at Goldman Sachs & Company, where he applies his expertise in financial technology and risk management. His work focuses on enhancing the security and efficiency of online transactions, making significant strides in the industry.
Collaborations
Some of Arun's notable coworkers include Robert S Mancini and Daniel Rothman. Their collaboration contributes to the innovative environment at Goldman Sachs & Company.
Conclusion
Arun M Gunewardena's contributions to online sales risk management demonstrate his commitment to innovation in financial technology. His patent reflects a significant advancement in securing online transactions, showcasing his expertise and dedication to improving e-commerce safety.