Company Filing History:
Years Active: 2012-2013
Title: Innovations by Matthew Rice
Introduction
Matthew Rice is an accomplished inventor based in Wilmington, Delaware. He has made significant contributions to the field of finance through his innovative patents. With a total of two patents to his name, Rice has focused on developing systems that benefit both consumers and financial institutions.
Latest Patents
One of Rice's latest patents is related to a financial charge rebate. This invention aims to assist credit account holders during economic hardship by providing a rebate of at least a portion of the finance charge applied to their credit accounts. Unlike certain prior art systems, this invention benefits both the credit account holder and the financial institution. In one embodiment, it is determined that several credit accounts meet a threshold of probability of having a charge-off, and the number of accounts receiving a rebate may be limited to a certain percentage of credit accounts with a non-zero balance.
Another notable patent by Rice is a testing analytics tool. This invention relates to systems, methods, and computer program products for testing analytics. The disclosed embodiments automate the collection and storage of test data, automate test performance calculations across various segments within the test group, and automate the delivery of test result information.
Career Highlights
Matthew Rice is currently employed at Bank of America Corporation, where he continues to innovate in the financial sector. His work focuses on creating solutions that enhance the customer experience while also providing value to the institution.
Collaborations
Rice collaborates with talented individuals such as Hans Dirk Schumacher and Michael David Napolin, contributing to a dynamic work environment that fosters innovation.
Conclusion
Matthew Rice's contributions to the field of finance through his patents demonstrate his commitment to improving the financial landscape for both consumers and institutions. His innovative spirit continues to drive advancements in the industry.