Matthew R Quinn

Title: The Innovations of Matthew R. Quinn

Introduction

Matthew R. Quinn is an accomplished inventor based in Wilmington, MA (US). He has made significant contributions to the field of financial crime detection and anti-money laundering surveillance. With a total of 2 patents, Quinn's work is instrumental in enhancing the security measures within banking institutions.

Latest Patents

Quinn's latest patents include "Statistical prioritization and detection of potential financial crime events" and "Method and system for anti-money laundering surveillance." The first patent provides systems and methods for calculating financial crimes ratings for banking entities. It involves collecting high-risk transaction data from various banking entities, including banking centers and individual customers. The summary data is then compared to that of similarly situated banking entities to calculate a financial crimes rating, which can be used to allocate investigation and enforcement resources. The second patent outlines a method for anti-money laundering surveillance that analyzes transaction data based on peer comparison and expected levels of activity. This method generates alerts in response to predetermined results from the analysis.

Career Highlights

Matthew R. Quinn is currently employed at Bank of America Corporation, where he applies his expertise in financial technology and security. His innovative approaches have contributed to the development of systems that enhance the detection of financial crimes and improve compliance with regulatory standards.

Collaborations

Quinn has worked alongside notable colleagues such as Peter C. Richards and Agus Sudjianto. Their collaborative efforts have further advanced the initiatives aimed at combating financial crime and ensuring the integrity of banking operations.

Conclusion

Matthew R. Quinn's contributions to the field of financial crime detection and anti-money laundering surveillance are noteworthy. His innovative patents and career at Bank of America Corporation reflect his commitment to enhancing security in the banking sector.