This inventor holds 2 USPTO granted patents. Top assignees: Citibank, N.a., Crossmar, Inc.. Active years: 2000-2006.
Company Filing History:
Years Active: 2000-2006
Title: David Schreier: Innovator in Financial Technology
Introduction
David Schreier is a notable inventor based in Verona, NJ (US), recognized for his contributions to financial technology. With a focus on enhancing electronic order routing and collateral monitoring systems, he has secured 2 patents that reflect his innovative approach to solving complex financial challenges.
Latest Patents
One of Schreier's latest patents is titled "Methods and systems for electronic order routing (CORS)." This invention provides automated methods and systems for electronic order routing, specifically for selecting, ordering, routing, confirming, and tracking orders for financial instruments, such as mutual funds. The invention aims to streamline end-to-end transaction processing by integrating order routing, execution, settlement, foreign exchange, and custodial services for financial service providers catering to retail customers. Key features include real-time monitoring of financial orders, support for additional financial instruments and users, and the facilitation of lower transaction costs. The system is designed to minimize manual data entry and enhance operational efficiency.
Another significant 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, supporting transaction processing through both manual input and SWIFT messaging. The system evaluates the quality of securities for collateral value and can prevent security sales based on insufficient collateral. It includes relational database tables for assessing risks associated with holding different types of securities.
Career Highlights
Throughout his career, David Schreier has worked with prominent companies, including Citibank and Crossmar, Inc. His experience in these organizations has contributed to his expertise in financial technology and innovation.
Collaborations
Schreier has collaborated with notable professionals in the field, including Kishwer Aziz and Alan Schneider. These partnerships have likely enriched his work and expanded the impact of his inventions.
Conclusion
David Schreier's innovative contributions to financial technology, particularly in electronic order routing and collateral monitoring, demonstrate his commitment to enhancing efficiency in financial transactions. His patents reflect a deep understanding of the complexities of financial systems and a drive to improve them.