SYSTEM AND METHOD FOR PROVIDING VIRTUAL SOCIAL BANKING NETWORKS BY A PLATFORM UTILIZING ARTIFICIAL INTELLIGENCE AND BLOCKCHAIN TECHNOLOGY

SYSTEM AND METHOD FOR PROVIDING VIRTUAL SOCIAL BANKING NETWORKS BY A PLATFORM UTILIZING ARTIFICIAL INTELLIGENCE AND BLOCKCHAIN TECHNOLOGY

A system and method for providing a virtual social banking platform, where the system creates and powers social banking networks made up of participants saving, investing, borrowing, and lending money through a computerized platform. A social savings network allows users to use social networking and...

Ausführliche Beschreibung

Gespeichert in:
Bibliographische Detailangaben
Hauptverfasser: Gilliam, Fonta, Smith, Ramsey L
Format: Patent
Sprache:eng
Schlagworte:
CALCULATING
COMPUTER SYSTEMS BASED ON SPECIFIC COMPUTATIONAL MODELS
COMPUTING
COUNTING
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES
ELECTRIC COMMUNICATION TECHNIQUE
ELECTRICITY
PHYSICS
SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR
TRANSMISSION OF DIGITAL INFORMATION, e.g. TELEGRAPHICCOMMUNICATION
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Beschreibung
Zusammenfassung:A system and method for providing a virtual social banking platform, where the system creates and powers social banking networks made up of participants saving, investing, borrowing, and lending money through a computerized platform. A social savings network allows users to use social networking and social communications to monitor and encourage other participants to meet their savings goals, while a lending circle network allows participants to periodically contribute funds to a network reserve account, and, in rotation, individually access at least a portion of the funds in the network reserve account as funds for a loan, investment, or other payout option. AI and machine learning allows the system to track the spending and saving habits of users to offer incentives for meeting financial goals and to connect users with external financial institutions and products.