Richard C Schwarz

Title: Richard C. Schwarz: Innovator in Financial Processing Systems

Introduction

Richard C. Schwarz is an accomplished inventor based in San Marcos, California. He has made significant contributions to the field of financial processing through his innovative patent. His work focuses on enhancing profitability projections using advanced data-driven models.

Latest Patents

Richard holds a patent for a "Selector function for life-time value financial processing in a relational database management system." This Life-Time Value system is designed to provide accurate and consistent profitability projections by utilizing current period account level profitability data stored in a Relational Database Management System. The system performs Net Present Value and Future Value calculations using accounts, amounts, and rates retrieved from the database through a Selector function, which applies selection criteria specified by one or more rules. The results from these calculations are integrated to deliver a comprehensive Life-Time Value of one or more customers.

Career Highlights

Richard is currently employed at Teradata US, Inc., where he continues to develop innovative solutions in financial processing. His expertise in relational database management systems has positioned him as a valuable asset in his field.

Collaborations

Richard has collaborated with notable colleagues, including Brian Jay Wasserman and Thomas Kevin Ryan, contributing to various projects that enhance financial processing systems.

Conclusion

Richard C. Schwarz exemplifies innovation in financial processing through his patented work and contributions at Teradata US, Inc. His advancements in profitability projections are paving the way for more efficient financial models.