Company Filing History:
Years Active: 2011
Title: Innovations by Tully M Ryan
Introduction
Tully M Ryan is an accomplished inventor based in Edenton, NC (US). He has made significant contributions to the field of banking and finance through his innovative patents. With a total of two patents to his name, Ryan has developed methods that enhance the efficiency of transactions between commercial banks and pooled depositor groups.
Latest Patents
Ryan's latest patents focus on "Methods and systems for facilitating transactions between commercial banks and pooled depositor groups." These patents disclose a system where employees of a control center assess the interest rate return needs of pooled depositor groups, such as trust departments at commercial banks. The control center aggregates funds to create a stable source of funds and communicates this availability to commercial banks for core deposits. The commercial banks then relay their cash needs to the control center, which sets an interest rate that meets the expected return of the depositor groups while remaining competitive with what banks are willing to pay. This innovative approach allows pooled depositor groups to access funds in master NOW accounts daily without penalty, providing commercial banks with a reliable source of funds that may be treated as core deposits by banking regulators.
Career Highlights
Tully M Ryan has built a career centered around financial innovations that streamline banking processes. His work at Finistar, Inc. has positioned him as a key player in the development of financial technologies that benefit both banks and depositors.
Collaborations
Ryan has collaborated with notable coworkers, including Richard W Whiting and Kim B Winslow, who have contributed to his projects and innovations in the banking sector.
Conclusion
Tully M Ryan's contributions to banking technology through his patents demonstrate his commitment to improving financial systems. His innovative methods for facilitating transactions between banks and depositor groups highlight the importance of efficiency in the financial industry.