Company Filing History:
Years Active: 2024-2025
Title: Innovations by Inventor Nishant Srivastava
Introduction
Nishant Srivastava is an accomplished inventor based in Glen Allen, VA (US). He holds a total of 7 patents that showcase his expertise in transaction processing technologies. His work primarily focuses on enhancing transaction workflows through innovative platforms.
Latest Patents
One of his latest patents is a transaction exchange platform designed to determine secondary workflows for transaction object processing. This platform utilizes a streaming data platform (SDP) and microservices to efficiently process transactions according to their respective workflows. The system is capable of receiving transactions from various origination sources, which are then added to the SDP as transaction objects. The microservices interact with these transaction objects based on configured workflows, leveraging machine-learning models to optimize processing through alternative workflows. This innovation facilitates the clearing and settlement of transactions while allowing for dynamic reconfiguration of workflows.
Another significant patent by Nishant is a transaction exchange platform for handling returned transactions. This platform also employs a streaming data platform and microservices to manage transactions according to review and approval workflows. It analyzes incoming transactions to detect duplicates and errors, taking necessary steps to remediate any identified issues. This includes addressing transactions that are rejected by a clearinghouse, ensuring a smoother transaction process.
Career Highlights
Nishant currently works at Capital One Services, LLC, where he applies his innovative ideas to improve transaction processing systems. His contributions have significantly impacted the efficiency and reliability of financial transactions.
Collaborations
Nishant has collaborated with notable colleagues such as Eric K Barnum and Suresh Chander Ramaraj, further enhancing the innovative environment at Capital One.
Conclusion
Nishant Srivastava's contributions to transaction processing technologies through his patents demonstrate his commitment to innovation in the financial sector. His work continues to influence the way transactions are managed and processed, paving the way for future advancements.