Company Filing History:
Years Active: 2012
Title: Douglas Paul Davis: Innovator in Financial Instrument Clearing
Introduction
Douglas Paul Davis, an insightful inventor hailing from Ballston Spa, NY, has made significant contributions to the fintech industry. With two patents to his name, Davis has developed innovative methods for electronically clearing financial instruments, demonstrating his expertise in improving financial transaction processes.
Latest Patents
Davis's latest patents focus on a method and system for clearing financial instruments. The patents describe a system where the clearing process is optimized based on the time of day, allowing for a per-item cost that varies depending on when transactions are processed. These inventions include the ability to receive electronic files containing scanned data from financial instruments. By applying specific rules, his system determines whether an instrument should be forwarded for clearing immediately or stored for later processing at a reduced cost. This innovation not only streamlines operations but also aids in managing costs effectively.
Career Highlights
Currently associated with Keycorp Limited, Davis's work emphasizes efficiency and innovation in financial systems. His patents reflect a deep understanding of financial operations and a commitment to enhancing technology in this space. The advancements he has pioneered are crucial to fostering a more efficient financial ecosystem.
Collaborations
Throughout his career, Douglas has collaborated with notable professionals, including Edward Kwabena Obeng and David T Reichard. These partnerships have further enriched his research and development efforts, highlighting the importance of teamwork in driving innovation.
Conclusion
Douglas Paul Davis stands out as a remarkable inventor within the realm of financial technology. His contributions, particularly in the area of electronically clearing financial instruments, are reshaping how transactions are processed. With a dedication to innovation and collaboration, Davis continues to pave the way for advancements that benefit the financial industry as a whole.
Inventor’s Patent Attorneys refers to legal professionals with specialized expertise in representing inventors throughout the patent process. These attorneys assist inventors in navigating the complexities of patent law, including filing patent applications, conducting patent searches, and protecting intellectual property rights. They play a crucial role in helping inventors secure patents for their innovative creations.