Company Filing History:
Years Active: 2022
Title: Vyacheslav Betser: Innovator in General Ledger Processing
Introduction
Vyacheslav Betser is a notable inventor based in Cliffside Park, NJ (US). He has made significant contributions to the field of financial technology, particularly in the area of general ledger processing. His innovative approach has led to the development of a unique system that enhances the efficiency and customization of financial data management.
Latest Patents
Vyacheslav Betser holds 1 patent for his invention titled "System and method for general ledger processing." This invention relates to a computer-implemented system and method designed for scalable and customized general ledger processing. The method includes receiving client requests for customized charts of accounts (COAs) tailored to specific time frames. These customized COAs incorporate client-specific data along with third-party reference data. The system is capable of automatically receiving source information, including position data and transaction data, from multiple sources. It utilizes a distributed computer architecture, such as Hadoop, for parallel storage and processing of the source information across various nodes. The system can generate debit and credit postings from the source information, consolidate these postings into the customized COAs, and deliver them to clients according to their preferred schedules, including real-time or near real-time delivery.
Career Highlights
Vyacheslav Betser is currently employed at JPMorgan Chase Bank, N.A., where he applies his expertise in financial technology. His work focuses on enhancing the bank's capabilities in general ledger processing, contributing to more efficient financial operations.
Collaborations
Some of his coworkers include Matthew Yazdi and Laura Michelle Miller, who collaborate with him on various projects within the bank.
Conclusion
Vyacheslav Betser's innovative contributions to general ledger processing exemplify the impact of technology on financial management. His work continues to influence the efficiency of financial operations in the banking sector.