Systems and methods for monitoring financial activity of...

Details Systems and methods for monitoring financial activity of... Systems and methods for monitoring financial activity of...

G - Physics

06

Q

G06Q 40/00 (2006.01)

Patent

CA 2639854

Systems and methods (100, 300, 500) are disclosed for monitoring consumer financial data. Clients such as financial institutions or debt buyers identify one or more consumers for which monitoring is desired. Historical financial data (163), such as credit data, is periodically compared with current financial data (162) according to a number of logical rules or financial triggers. The financial triggers correspond to improvements in a financial position of a consumer. When a financial improvement is determined according to the logical rules, an alert is generated and sent to the client, allowing the client (164) to adjust a collection strategy.

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