This inventor holds 6 USPTO granted patents and 2 published patent applications. Top assignees: Genworth Financial, Inc., Genworth Holdings, Inc.. Active years: 2008-2015.
Location History:
- Glen Allen, VA (US) (2008 - 2014)
- Richmond, VA (US) (2011 - 2015)
Company Filing History:
Years Active: 2008-2015
Title: The Innovative Contributions of Matthew Sharpe
Introduction
Matthew Sharpe is a notable inventor based in Richmond, VA, who has made significant contributions to the field of financial technology. With a total of six patents to his name, Sharpe has developed systems and methods that enhance the way benefit products operate, particularly in providing guaranteed income for participants.
Latest Patents
One of Sharpe's latest patents is titled "Systems and methods for providing a benefit product with periodic guaranteed income." This invention outlines a computer-implemented method and system that generates a guaranteed income amount for participants by utilizing a variety of guaranteed income products. The system includes an income aggregator portion, a savings recordkeeper portion, and multiple income recordkeeper portions that manage the guaranteed income products. The income aggregator performs allocation processing based on funds transfer data, ensuring that participants receive their entitled income.
Another significant patent is the "System and method for imbedding a defined benefit in a defined contribution plan." This invention features a defined contribution module that periodically receives contributions and accumulates value over time. It allows for the withdrawal and reinvestment of accumulated value and guarantees a minimum income payment for life after a predetermined period, based on a retirement income formula. This innovative approach increases income payments for life based on excess performance over the established formula.
Career Highlights
Matthew Sharpe has worked with prominent companies such as Genworth Financial, Inc. and Genworth Holdings, Inc. His experience in these organizations has contributed to his expertise in developing innovative financial solutions that address the needs of consumers.
Collaborations
Throughout his career, Sharpe has collaborated with notable professionals, including Geoffrey S. Stiff and Paul Haley. These partnerships have likely enriched his work and contributed to the successful development of his patents.
Conclusion
Matthew Sharpe's contributions to the field of financial technology through his innovative patents demonstrate his commitment to enhancing the financial security of individuals. His work continues to influence the industry and provide valuable solutions for guaranteed income products.