Company Filing History:
Years Active: 2000-2008
Title: Innovations by Terence Boyle
Introduction
Terence Boyle is an accomplished inventor based in Middletown, NJ (US). He has made significant contributions to the field of finance and technology, holding a total of 2 patents. His work focuses on improving the efficiency and accuracy of financial processes through innovative systems and methods.
Latest Patents
One of Terence Boyle's latest patents is titled "System and method for centralized automated reconciliation of custody accounts." This invention provides a method and system for the centralized automated reconciliation of investment manager and related custody accounts. It utilizes computer hardware and software in a service bureau environment to receive information and records electronically from fund managers and custodian banks in various formats. The system reformats the files for input and performs the reconciliation process uniformly. Additionally, it allows fund managers and custodians to establish matching rules, view matching results, track investigations for unmatched records, and manually match those records.
Another notable patent is the "Method and system for improved collateral monitoring and control." This system offers advanced multi-currency collateral monitoring and control for various businesses. It maintains portfolios of collateral accounts and liability information, supporting transaction processing through manual input or SWIFT messaging. The system applies acceptance rules to determine the collateral value of security purchases and can prevent security sales based on insufficient collateral. It also includes tables in a relational database to assess the risks associated with holding different types of securities and currencies.
Career Highlights
Terence Boyle is currently employed at Citibank, N.A., where he applies his expertise in financial technology. His innovative solutions have contributed to enhancing operational efficiency within the banking sector.
Collaborations
Throughout his career, Terence has collaborated with notable colleagues, including Alan Schneider and Kishwer Aziz. Their teamwork has fostered an environment of innovation and creativity in their projects.
Conclusion
Terence Boyle's contributions to the field of financial technology through his patents demonstrate his commitment to innovation and efficiency. His work continues to impact the industry positively, showcasing the importance of advancements in financial processes.