Inventors:
Ann Watkins - Charlotte NC, US
David Denton - Charlotte NC, US
Joe Potuzak - Huntersville NC, US
Assignee:
WACHOVIA CORPORATION - Charlotte NC
International Classification:
G06Q 10/00, G06Q 50/00
Abstract:
The innovation assists risk management staff within a financial institution to effectively and efficiently, establish, monitor and act upon transaction risks that may occur related to treasury services. The process can include establishing a unique customer information, their account relationships with the bank, assigning transactional exposure limits, monitoring those limits, notifying appropriate (or desired) personnel when limits are breached, and notifying customers as appropriate. Additionally, approval matrices are employed to evaluate risk associated with transaction services.