Company Filing History:
Years Active: 2013-2014
Title: Innovations by Jeffrey H Bierer
Introduction
Jeffrey H Bierer is an accomplished inventor based in Charlotte, NC (US). He has made significant contributions to the field of financial technology, particularly in developing systems that provide emergency financial reserves. With a total of 4 patents, his work focuses on creating innovative solutions for financial institutions and their customers.
Latest Patents
One of his latest patents is titled "Emergency financial reserve accessible during a covered event." This invention outlines a system and method for providing emergency reserve conditional credit to customers of financial institutions. The emergency conditional credit can be offered in the form of a line of credit or a loan based on specific predetermined conditions, such as involuntary unemployment or disability. This product can be offered through financial institutions without the regulatory requirements of an insurance product. Additionally, it includes a debt cancellation feature known as emergency reserve protection, which cancels the outstanding debt associated with the loan or line of credit.
Another notable patent is "System and method for an emergency reserve during a covered event using actuarial data." This invention provides a framework for offering emergency conditional credit by utilizing actuarial data derived from the past history of customers experiencing specified events. The financial institution can predict future events, determine the cost of offering an emergency reserve product, and establish qualification standards for potential customers. The system may also include a feature that cancels any emergency reserve balance on a monthly basis during a covered event.
Career Highlights
Jeffrey H Bierer is currently employed at Bank of America Corporation, where he continues to innovate in the financial sector. His work has been instrumental in developing products that enhance customer financial security during unforeseen circumstances.
Collaborations
Throughout his career, Jeffrey has collaborated with notable colleagues, including Susan Smith Thomas and William F Borowski. These partnerships have contributed to the successful development and implementation of his innovative financial solutions.
Conclusion
Jeffrey H Bierer is a prominent inventor whose work in financial technology has led to the creation of valuable products that assist customers in times of need. His patents reflect a commitment to improving financial security and accessibility for individuals facing challenging situations.