Company Filing History:
Years Active: 2002-2025
Title: Bruce Bent, II: Innovator in Financial Systems
Introduction
Bruce Bent, II, a prominent inventor based in New York, NY, has made significant contributions to the financial technology sector with a remarkable portfolio of 37 patents. His work focuses on optimizing client account allocations to maximize returns and ensure safety.
Latest Patents
Among his latest innovations are two notable patents. The first, titled "Systems, methods and program products for allocation to maximize insurance or maximize interest for client accounts," outlines a system for managing deposit transactions that takes into consideration customer preferences for maximum interest coverage or interest rates. This invention factors in maximum balances at each depository institution to devise optimal allocations that adhere to customer preferences without exceeding set limits.
The second patent, "System, method and program product to transfer, allocate and track ownership interests in aggregated accounts," describes an advanced method for allocating client funds within a sweep product. This invention utilizes segregated aggregated deposit accounts and enhances the tracking of ownership interests in federally insured accounts with multiple ownership interests.
Career Highlights
Bruce Bent, II has had a fruitful career, with key roles at Island Intellectual Property LLC and Reserve Management Corporation. His innovative spirit has driven advancements in allocating and managing financial products that enhance customer experience and security.
Collaborations
Throughout his career, Bent has had impactful collaborations with colleagues such as Bruce Bent and Charles R. Buarque de Macedo. These partnerships have contributed to the evolution of innovative financial systems and methods that address contemporary challenges in the industry.
Conclusion
Bruce Bent, II stands out as a significant inventor whose contributions to financial technology continue to influence how financial institutions manage client accounts. His inventions reflect a commitment to enhancing customer service and optimizing financial solutions in a rapidly evolving landscape.