Michael McKay

Title: **Inventor Spotlight: Michael McKay**

Introduction

Michael McKay, an innovative mind located in Wilton, CT, has made significant contributions to the field of finance technology with his patented method and system designed to manage credit portfolios. His work attempts to streamline processes that trigger credit actions, thus enhancing efficiency for creditors.

Latest Patents

McKay holds one patent titled "Method and system to manage a credit portfolio and to trigger credit actions." This patent outlines a method that includes determining the quantity of triggers flagged for a selected creditor and establishing an action plan if the flagged triggers surpass a predetermined threshold. Additionally, the system involves a processor and at least one trigger, with a credit action program operational on the processor to generate a series of inquiries that help ascertain the flagging of triggers based on responses for a selected creditor.

Career Highlights

Michael McKay is employed at Bank of America Corporation, where his expertise in credit portfolio management is a valuable asset. His role involves utilizing his innovative methods to enhance the bank's operations and customer service offerings, ultimately contributing to better credit management strategies.

Collaborations

During his tenure at Bank of America, McKay has worked alongside notable colleagues such as Kris Gagnon and Bridget Garavalia. This collaborative environment fosters creativity and allows for the exchange of ideas, further enhancing the development of innovative financial solutions.

Conclusion

In summary, Michael McKay stands out as a prominent figure in the world of financial innovation. His patented method to manage credit portfolios showcases his ability to blend technology and finance, marking him as an inventor to watch in the financial technology sector.