Company Filing History:
Years Active: 2012-2013
Title: Scott Souliotis: Innovator in Financial Reconciliation Systems
Introduction
Scott Souliotis is an accomplished inventor based in Amesbury, MA (US). He has made significant contributions to the field of financial technology, particularly in the area of financial account reconciliation. With a total of two patents to his name, Souliotis has developed innovative systems that enhance the accuracy and efficiency of financial record-keeping.
Latest Patents
Souliotis's latest patents include a "System and method for reconciling financial records by matching outstanding trade orders to unmatched transactions." This invention provides a solution for financial account reconciliation within a portfolio account system. It utilizes a computer to match investments that are not reported as trades to unmatched transactions, thereby preventing discrepancies in the portfolio account system. His other patent, titled "System and method for reconciling financial records," offers a comprehensive approach to categorizing breaks in financial records based on user-defined rules. This system allows for automatic acceptance of values from a custodian system and enables the correction of certain transaction differences, ensuring a more streamlined reconciliation process.
Career Highlights
Scott Souliotis is currently employed at Vestmark, Inc., where he continues to innovate in the financial technology sector. His work focuses on developing systems that improve the reconciliation of financial records, which is crucial for maintaining accurate financial data.
Collaborations
Throughout his career, Souliotis has collaborated with notable colleagues, including Heeren H Pathak and John Artz. These partnerships have contributed to the advancement of his inventions and the overall success of the projects he has undertaken.
Conclusion
Scott Souliotis is a prominent figure in the realm of financial technology, with a focus on enhancing financial record reconciliation. His innovative patents and contributions to Vestmark, Inc. reflect his commitment to improving financial systems. His work continues to have a significant impact on the industry.