Patent Application
20170126581
In general, embodiments of the invention relate to resource management and, more particularly, systems, method and automatically determining resource re-allocation based on resource utilization determination.
In managing resources it is necessary to make intelligent and informed decisions as to re-allocation of resources. In this regard, intelligent decisions as to re-allocation need to make sure that the proper volume or amount of resources are re-allocated. In order to make such an intelligent or informed decision, it is necessary to know resource utilization history, as well as, planned future utilization of resources. In addition, insuring proper volume or amount of re-allocation it may also be beneficial to properly time the re-allocation, so that resources can be provide maximum benefit
Therefore, a need exists to develop systems, apparatus, computer program products, methods and the like that provide for automatic resource re-allocation. Such systems, apparatus, computer program products, methods should re-allocate resources such that the volume of resources or amount of resources re-allocated is based on one or more of historical resource utilizations and/or future scheduled resource utilizations. In addition, re-allocation of resources may take into account performance of the resources for the purpose of properly determining the timing for re-allocation.
The following presents a simplified summary of one or more embodiments in order to provide a basic understanding of such embodiments. This summary is not an extensive overview of all contemplated embodiments, and is intended to neither identify key or critical elements of all embodiments, nor delineate the scope of any or all embodiments. Its sole purpose is to present some concepts of one or more embodiments in a simplified form as a prelude to the more detailed description that is presented later.
Embodiments of the present invention address the above needs and/or achieve other advantages by providing apparatus, systems, computer program products, methods or the like for automated resource re-allocation based on monitoring/assessing resource utilization. In specific embodiments of the invention, past/historical resource utilization is monitored and/or future/scheduled resource utilization is assessed to logically and intelligently determine the volume or amount resources available for automatic re-allocation. In other embodiments of the invention, performance of the resource is evaluated/determined to logically and intelligently determine the timing associated with the automatic re-allocation.
A system for automatic resource re-allocation based on resource utilization determination defines first embodiments of the invention. The system includes a computing platform having a memory and at least one computing processor in communication with the memory. The system additional includes a historical resource utilization database stored in the memory and configured to catalog records of users' historical resource utilization and a scheduled resource utilization database stored in the memory and configured to catalog records of users' future scheduled resource utilization. In addition the system includes a first resource monitoring engine that is stored in the memory and executable by the computing processor. The first resource monitoring engine is configured to (1) access the historical resource utilization database to monitor users' historical resource utilization, and (2) access the scheduled resource utilization database to assess users' future planned resource utilization. Additionally, the system includes a resource re-allocation engine that is stored in the memory and executable by the computing processor. The re-allocation engine is configured to (1) logically determine a volume of resources to re-allocate based on at least one of users' historical resource utilization and future planned resource utilization, and (2) automatically re-allocate the determined volume of resources.
In specific embodiments the system additionally includes a second resource monitoring engine that is stored in the memory and executable by the computing processor. The second resource monitoring engine is configured to monitor performance of users' resource allocation, such as an investment resource allocation. In such embodiments of the system, the resource re-allocation engine is furthered configured to (3) logically determine a timing for re-allocation of resources based on the performance of users' resource allocation and (2) automatically re-allocate the determined volume of resources in accordance with the determined timing for re-allocation.
In other specific embodiments of the system the historical resource utilization database is further defined as a transaction history database, such as a financial transaction history database that is configured to catalog records of users' transaction history, such as financial transaction history. In such embodiments of the system, the first resource monitoring database is configured to access the transaction history database to monitor users' transaction history and the resource re-allocation engine is configured to logically determine the volume of resources to re-allocate based on a users' transaction history.
In other specific embodiments of the system the scheduled resource utilization database is further defined as a future transaction database that is configured to catalog records of users' future scheduled transactions, such as future transfers, recurring payments or the like. In such embodiments of the system, the first resource monitoring database is configured to access the future transaction database to assess users' future scheduled transactions, and the resource re-allocation engine is configured to logically determine the volume of resources to re-allocate based on a users' future scheduled transactions.
In further specific embodiments of the system, the resource re-allocation engine is further configured to automatically re-allocate the determined volume of resources from lower yield resource, such as transferring assets from a checking account to a prospectively higher yield resource, such as an investment/brokerage account or other investment vehicle, real property, commodities or the like. In other specific embodiments of the system, the resource re-allocation engine is further configured to automatically re-allocate the determined volume of resources from prospectively higher yield resources, such as assets in an investment/brokerage account or other investment vehicle, real property, commodities or the like to a lower yield resource, such as a checking account or the like.
A computer-implemented method for automatic resource re-allocation based on resource utilization determination defines second embodiments of the invention. The method includes accessing a historical resource utilization database to monitor users' historical resource utilization and accessing a scheduled resource utilization database to assess users' future planned resource utilization. The method further includes determining a volume (i.e., amount) of resources to re-allocate based on at least one of users' historical resource utilization and future planned resource utilization and, in response to determining the volume of resources to re-allocate, automatically re-allocating the determined volume of resources.
In specific embodiments the method further includes monitoring performance of users' resource allocation and determining a timing for re-allocation of resources based on the performance of users' resource allocation, such as performance of users' investment resource allocation. In such embodiment of the method, automatically re-allocating further includes automatically re-allocating the determined volume of resources in accordance with the determined timing for re-allocation.
In other specific embodiments of the method accessing the historical resource utilization database is further defined by accessing a transaction history database, such as a financial transaction database that is configured to catalog records of users' transaction history. In such embodiments of the method, determining the volume of resources to re-allocate is further defined by determining the volume of resources to re-allocate based on a users' transaction history.
In still further specific embodiments of the method accessing the scheduled resource utilization database is further defined by accessing a future transaction database, such as a scheduled financial transaction database, that is configured to catalog records of users' future scheduled transactions, such as scheduled transaction/payments, recurring payments/debits and the like. In such embodiments of the method, determining the volume of resources to re-allocate is further defined by determining, by the computing device processor, the volume of resources to re-allocate based on a users' future scheduled transactions.
In still further embodiments of the method, automatically re-allocating is further defined further by automatically re-allocating the determined volume of resources from a lower yield resource, such as a checking account to a prospectively higher yield resource, such as an investment/brokerage account or another investment vehicle, such as real property, commodities or the like. In other related embodiments of the method, automatically re-allocating is further defined further by automatically re-allocating the determined volume of resources from a prospectively higher yield resource, such as an investment/brokerage account or another investment vehicle, such as real property, commodities or the like, to a lower yield resource, such as a checking account or the like.
A computer program product including a non-transitory computer-readable medium defines third embodiments of the invention. The computer-readable medium includes a first set of codes for causing a computer to access a historical resource utilization database to monitor users' historical resource utilization. In addition, the computer-readable medium includes a second set of codes for causing a computer to access a scheduled resource utilization database to assess users' future planned resource utilization. Additionally, the computer-readable medium includes a third set of codes for causing a computer to determine a volume of resources to re-allocate based on at least one of users' historical resource utilization and future planned resource utilization. Moreover, the computer-readable medium includes a fourth set of codes for causing a computer to, in response to determining the volume of resources to re-allocate, automatically re-allocate the determined volume of resources.
Thus, systems, apparatus, methods, and computer program products herein described in detail below provide for automated resource re-allocation based on monitoring/assessing resource utilization. In specific embodiments of the invention, past/historical resource utilization is monitored and/or future/scheduled resource utilization is assessed to logically and intelligently determine the volume or amount resources available for automatic re-allocation. In other embodiments of the invention, performance of the resource is evaluated/determined to logically and intelligently determine the timing associated with the automatic re-allocation.
To the accomplishment of the foregoing and related ends, the one or more embodiments comprise the features hereinafter fully described and particularly pointed out in the claims. The following description and the annexed drawings set forth in detail certain illustrative features of the one or more embodiments. These features are indicative, however, of but a few of the various ways in which the principles of various embodiments may be employed, and this description is intended to include all such embodiments and their equivalents.
Having thus described embodiments of the invention in general terms, reference will now be made to the accompanying drawings, which are not necessarily drawn to scale, and wherein:
Embodiments of the present invention will now be described more fully hereinafter with reference to the accompanying drawings, in which some, but not all, embodiments of the invention are shown. Indeed, the invention may be embodied in many different forms and should not be construed as limited to the embodiments set forth herein; rather, these embodiments are provided so that this disclosure will satisfy applicable legal requirements. Like numbers refer to like elements throughout. Although some embodiments of the invention described herein are generally described as involving a “financial institution,” one of ordinary skill in the art will appreciate that the invention may be utilized by other businesses that take the place of or work in conjunction with financial institutions to perform one or more of the processes or steps described herein as being performed by a financial institution.
As will be appreciated by one of skill in the art in view of this disclosure, the present invention may be embodied as an apparatus (e.g., a system, computer program product, and/or other device), a method, or a combination of the foregoing. Accordingly, embodiments of the present invention may take the form of an entirely hardware embodiment, an entirely software embodiment (including firmware, resident software, micro-code, etc.), or an embodiment combining software and hardware aspects that may generally be referred to herein as a “system.” Furthermore, embodiments of the present invention may take the form of a computer program product comprising a computer-usable storage medium having computer-usable program code/computer-readable instructions embodied in the medium.
Any suitable computer-usable or computer-readable medium may be utilized. The computer usable or computer readable medium may be, for example but not limited to, an electronic, magnetic, optical, electromagnetic, infrared, or semiconductor system, apparatus, or device. More specific examples (e.g., a non-exhaustive list) of the computer-readable medium would include the following: an electrical connection having one or more wires; a tangible medium such as a portable computer diskette, a hard disk, a time-dependent access memory (RAM), a read-only memory (ROM), an erasable programmable read-only memory (EPROM or Flash memory), a compact disc read-only memory (CD-ROM), or other tangible optical or magnetic storage device.
Computer program code/computer-readable instructions for carrying out operations of embodiments of the present invention may be written in an object oriented, scripted or unscripted programming language such as Java, Perl, Smalltalk, C++ or the like. However, the computer program code/computer-readable instructions for carrying out operations of the invention may also be written in conventional procedural programming languages, such as the “C” programming language or similar programming languages.
Embodiments of the present invention are described below with reference to flowchart illustrations and/or block diagrams of methods or apparatuses (the term “apparatus” including systems and computer program products). It will be understood that each block of the flowchart illustrations and/or block diagrams, and combinations of blocks in the flowchart illustrations and/or block diagrams, can be implemented by computer program instructions. These computer program instructions may be provided to a processor of a general purpose computer, special purpose computer, or other programmable data processing apparatus to produce a particular machine, such that the instructions, which execute by the processor of the computer or other programmable data processing apparatus, create mechanisms for implementing the functions/acts specified in the flowchart and/or block diagram block or blocks.
These computer program instructions may also be stored in a computer-readable memory that can direct a computer or other programmable data processing apparatus to function in a particular manner, such that the instructions stored in the computer readable memory produce an article of manufacture including instructions, which implement the function/act specified in the flowchart and/or block diagram block or blocks.
The computer program instructions may also be loaded onto a computer or other programmable data processing apparatus to cause a series of operational steps to be performed on the computer or other programmable apparatus to produce a computer implemented process such that the instructions, which execute on the computer or other programmable apparatus, provide steps for implementing the functions/acts specified in the flowchart and/or block diagram block or blocks. Alternatively, computer program implemented steps or acts may be combined with operator or human implemented steps or acts in order to carry out an embodiment of the invention.
According to embodiments of the invention described herein, various systems, apparatus, methods, and computer program products are herein described for automated resource re-allocation based on monitoring/assessing resource utilization. In specific embodiments of the invention, past/historical resource utilization is monitored and/or future/scheduled resource utilization is assessed to logically and intelligently determine the volume or amount resources available for automatic re-allocation. In other embodiments of the invention, performance of the resource is evaluated/determined to logically and intelligently determine the timing associated with the automatic re-allocation.
Referring to
System 100 includes a first resource monitoring engine 200 that is configured to access historical resource utilization database 220 to monitor users' historical resource utilization. For example, in those embodiments of the invention in which the first resource 210 being re-allocated is funds in a checking account/DDA, the historical resource utilization database may be a financial transaction database, which stores records of user's financial transactions (i.e., debits/withdrawals, purchases, credits, transfers and the like). In addition, first resource monitoring engine 200 is configured to access scheduled resource utilization database 230 to assess/monitor user's future planned/scheduled resource utilization. For example, in those embodiments in which the first resource 210 being re-allocated is funds in a checking/DDA account, the scheduled resource utilization database 230 may be a scheduled transaction database, which stores records of users' planned future financial transactions (e.g., known recurring payments/transactions, scheduled billpay transactions and the like), including proximate or definitive date(s) and amount(s). It should be noted that while
System 100 additionally includes a resource re-allocation engine 400 that is configured to determine a re-allocation volume or amount based on at least one of the users' historical resource utilization and/or future planned/scheduled resource utilization and, in response to determining the volume/amount, automatically re-allocate the first resources 210 to the second resources 310.
It should be noted that the determination of the re-allocation amount is a logical determination that may be based on other information and/or factors available to the resource re-allocation engine 400. For example, in the those embodiments in which resource re-allocation is transferring funds amongst financial accounts, the other factors may include, but are not limited to, time of year, upcoming events having a financial impact, relationships and the like. In this regard, according to specific embodiments the resource re-allocation engine 400 makes a logical decision as to whether the first resource 210 has surplus based on historical use of the first resource 210 and planned future use of the first 210, as well as any other relevant information available to the engine 400, and, if surplus is determined to exist, automatically re-allocates the surplus in the first resource 210 to the second resource 310. For example, the logical determination made by resource re-allocation engine 400 may take into generic information, such as time of year (e.g., higher spend at year end due to holiday expenditures or the like, higher utility payments during the winter (e.g, heat) and summer (e.g., air conditioning), higher need for disposable income/funds proximate to tax deadlines and the like). Moreover, the logical determination may take into account user-specific time data (e.g., knowledge of an upcoming life event, such as birthday/anniversary, vacation, wedding, tuition or the like), which may be determined based on access to financial transactional data or the like.
Additionally, in those instances in which the re-allocation of resources is from a potentially higher-yield resource, such as an investment account to a lower yield account, such as a checking/DDA account (i.e., liquidation of assets) the logical determination may take into account events that may impact, financial performance or increase volatility, of the resources/assets. For example, a natural disaster in a specific geographic area, currency fluctuations in specified country or the like may have a direct or indirect effect on the performance of a stock/mutual fund or security held in the portfolio of the user. In such instances the logical determination made by resource re-allocation engine 400 may take into account the magnitude of the event and the impact (both positive and negative impacts) of the event on the portfolio/resources in making decisions as to whether reallocation is warranted (i.e., whether resources/assets should be liquidated and moved from the investment account to a lower yield account, such as a checking account or, conversely, whether timing is right to move resource funds from the lower yield account to an investment account.
In further embodiments of the invention, the logical determination may take into account relational information impacting future use of resources/funds. For example, the system 100 of the present invention may have access to relationship data that indicate which individual, parties or entities are associated with the user from an indirect financial relationship/obligation standpoint. In such instances, resource re-allocation engine 400 may identify those individual, parties or entities that have an indirect financial relationship/obligation to or from the user and assess those individuals, parties or entities current or future financial needs; making an assumption that if those individual, parties or entities have upcoming financial obligations and accounts indicate a likely shortfall at the time the obligation comes due, the user would be likely to loan resources/funds to the individual, part or entity or otherwise provide for the shortfall. Such an assumption may made through the user's historical financial data, which may indicate that the user has, in the past, provided resources/funds to the individual, party or entity when they have experienced a shortfall. In such instances the resource re-allocation engine 400 may choose to forego or lessen the volume/amount of a resource re-allocation, since resources/funds that may have otherwise been re-allocated may be needed to account for the shortfall of the related individual, party or entity.
Based on configuration of the system 100, the determination may be dynamic determination that occurs at any point in time, or the decision may occur at a predetermined point in time, such as monthly or the like. For example, in those embodiments in which the re-allocation of resources is transferring funds from a checking account/DDA to an investment account, the determination may occur at a predetermined time, such as at or near the end of a month (or monthly cycle). In this regard, the resource re-allocation engine 400 may make the re-allocation amount determination based previous month(s) historical financial transaction data and/or next month(s) planned financial transaction (e.g., upcoming predicted recurring payments/transactions, upcoming scheduled billpays, upcoming deposits, such as paycheck deposits and the like).
In optional embodiments of the invention, the system 100 may additionally include a second resource monitoring engine 300 that is configured to access one or more resource performance databases 320 and or other information outlets to monitor the performance of the second resources 310. In such optional embodiments of the invention, the resource re-allocation engine 400 may determine at least one of the timing for re-allocation and/or the type or specific second resource 310 to which the resources should be re-allocated to and. in response to determining the timing and/or second resource, automatically re-allocate the determined volume/amount resources to the determined second resource 310 and based on the determined timing. For example, in those embodiments of the invention in which the resources being allocated are transfer of funds from one financial account to another financial account, specifically to an investment account or vehicle, the second resource monitoring engine 300 may monitor the performance of a user's current investment accounts or vehicles and/or other potential investment vehicles/options and the resource allocation engine 400 may make logical decisions as to which type of, or specific, investment account or vehicle the re-allocation should be applied and the timing for re-allocation (e.g., the opportune time for investing in stock, mutual fund, commodity, real property or the like).
Referring to
System 100 additionally includes resource re-allocation engine 400 that is stored in the stored in the memory 104, executable by the processor 106 and configured to make a logical determination 402 as to re-allocation volume/amount 404 based on at least one of historical resource utilization 224 and/or scheduled resource utilization 234 and any other factors or relevant information known or accessible to the resource re-allocation engine 400. In response to determining the re-allocation volume/amount, the resource re-allocation engine 400 is configured to automatically re-allocate the determined volume/amount 404 of the first resource 210 to the second resource 220. In this regard, the resource re-allocation engine 400 is configured to determine the surplus in first resource 210 based on previous resource utilization 224 of the first resource 210, planned future resource utilization 234 of the first resource 220 and any other information factors available to the engine 400, and in response to determine the surplus volume/amount 404, re-allocate the surplus volume/amount 404 to the second resource 220.
Referring to
Memory 104 may comprise volatile and non-volatile memory, such as read-only and/or random-access memory (RAM and ROM), EPROM, EEPROM, flash cards, or any memory common to computer platforms. Further, memory 104 may include one or more flash memory cells, or may be any secondary or tertiary storage device, such as magnetic media, optical media, tape, or soft or hard disk. Moreover, memory 104 may comprise cloud storage, such as provided by a cloud storage service and/or a cloud connection service.
Further, processor 106 may be an application-specific integrated circuit (“ASIC”), or other chipset, processor, logic circuit, or other data processing device. Processor 106 or other processor such as ASIC may execute an application programming interface (“API”) (not shown in
Processor 106 includes various processing subsystems (not shown in
Computer platform 102 may additionally include a communications module (not shown in
Memory 14 of computing platform 12 stores first resource monitoring engine 200 that is executable by processor 106 and configured to access historical resource utilization database 220, which according to embodiments of the invention, comprises a financial transaction database 228, to monitor 202 user records 222 pertaining to historical resource utilization 224 in the form of past financial transactions 226. Past or historical financial transactions 226 may include purchases, debit transactions, credits (e.g., paycheck deposits or the like), transfers, or the like undertaken by the user/customer in the recent pass. Such past historical financial transaction data 226 may indicate user transaction patterns, such as a user conducting a specific transaction on a regular basis, such as daily, weekly or the like. Moreover, historical financial transaction data 226 may indicate season purchases, such as holidays, birthdays/anniversary purchases that may need to be accounted for in determining whether a surplus truly exists in an account or whether the excess in an account is earmarked for the seasonal transaction/purchase. In addition past financial transaction data 226 may indicate/predict when a user/customer will see increase in an account balance based on automated paycheck deposit transactions or the like.
Further, first resource monitoring engine 200 is configured to access scheduled resource utilization database 230, which according to embodiments of the invention comprises, a scheduled financial transaction database 238, to monitor 204 user records 232 pertaining to future planned/scheduled resource utilization 234 in the form of scheduled financial transactions. Future scheduled financial transactions 236 may include future recurring payments (as indicated/determined by the past financial transaction data 226), future scheduled billpays (such as for credit accounts, utilities, mortgages or the like), future credits to an account (such as scheduled paycheck deposits or the like). As previously noted, based on system 100 configuration, first resource monitoring engine 200 may access databases 220 and 230 dynamically on a continuous or as-needed basis or may be configured to access the databases 220 and 230 on a predetermined schedule, such prior to the resource re-allocation engine 400 making a determination as to re-allocation volume/amount 404.
System 100 additionally includes resource re-allocation engine 400 that is stored in the stored in the memory 104, executable by the processor 106 and configured to make a logical determination 402 as to re-allocation amount 404 (i.e., the funds/assets to be automatically transferred) based on at least one of past financial transaction data 226 and/or scheduled financial transactions 236 and any other factors or relevant information known or accessible to the resource re-allocation engine 400. In this regard, the resource re-allocation engine 400 will identify and take into account transaction patterns in the past financial transaction data 226, such as regular purchases/transactions at a specified merchant (e.g., daily purchases at a convenient store, coffee shop or the like) or regular transactions of a certain type on a regular basis (e.g., weekly lunch out or the like) and make assumptions that upcoming funds will need to be available to account for such predicted future transactions. In addition, re-resource re-allocation engine will identify and account for all future scheduled financial transactions 236 occurring in the near future in determining whether a surplus currently exists in an account (or whether a future deficit will exist in the account).
Moreover, in addition to resource re-allocation engine 400 determining that a surplus exists in a lower yield account 212 (e.g., checking account/DDA or the like) that warrants transferring to another prospective higher yield account 222 (e.g., investment account/vehicle), resource re-allocation engine 400 may additionally be configured to determine that a future deficit will exists in a lower yield account 212 (e.g., checking account/DDA or the like) that warrants transferring/liquidating assets in a prospective higher yield account 222 (e.g., investment account/vehicle) and transferring the liquidated asset funds to the lower yield account e.g., checking account/DDA or the like).
In response to determining the re-allocation amount 404, the resource re-allocation engine 400 is configured to automatically re-allocate the determined surplus amount 404 from the lower yield account 212, such as a checking account/DDA to the prospectively higher yield account 222, such as an investment account/vehicle or the like or in the event that the determination results in a deficit amount 404 re-allocate resources from the prospectively higher yield account 222, such as an investment account/vehicle (i.e., liquidate assets or the like) to the lower yield account 212, such as a checking account/DDA. It should be noted that the prospectively higher yield account 222 may be an internal account (held at the same financial institution as the low yield account 212) or, in some embodiments of the invention, the investment account/vehicle may be an external account/vehicle (held at another financial institution or another entity).
Additionally, resource re-allocation engine 400 may be configured to generate and communicate alerts to the user in response to automatically re-allocating funds. The alert may indicate the re-allocated amount, the date of the re-allocation/transfer and the accounts affected. In addition, the resource re-allocation engine 400 may be configured to generate and communicate alerts to the user, prior to or in conjunction with a re-allocation, that identify transaction patterns and/or future scheduled transactions that may impact the current surplus or may result to an account deficit. In those embodiments of the invention in which the resource re-allocation engine 400 generates and communicates such alerts prior to automatic re-allocation, the user may be provided in the alert a means to acquiesce in the automatic re-allocation prior to initiating the automatic re-allocation/transfer of assets/funds.
Referring to
In such embodiments of the invention, resource re-allocation engine 400 is further configured to make logical determinations 406 of one or more of re-allocation timing 408 (e.g., when to invest or divest in an investment) and/or what type, or which specific, second resource 410 to re-allocate to or from (i.e., which specific investment account/vehicle or which investment account/vehicle type to invested or to divest from) based on the performance of the 302 of the investment accounts 222 or other factors, such as user interests, user needs, such as financial goals, tax benefits and the like.
In response to determining the re-allocation amount 404, and at least one of the re-allocation timing 408 and the type or specific second resource 410, the resource re-allocation engine 400 is configured to automatically re-allocate the determined surplus amount 404 from the lower yield account 212, such as a checking account/DDA to the determined prospectively higher yield account 222, such as an investment account/vehicle or the like at the predetermined time 408 or in the event that the determination results in a deficit amount 404 re-allocate resources from the determined prospectively higher yield account 222, such as an investment account/vehicle (i.e., liquidate assets or the like) to the lower yield account 212, such as a checking account/DDA at the predetermined time 408.
Referring to
At Event 504, scheduled resource utilization databases are accessed to assess/monitor users' future planned/scheduled resource utilization. According to specific embodiments of the invention, future scheduled financial transaction databases are accessed to identify user's future scheduled transactions, such as scheduled billpays, recurring payments, future account credits, such as automatic paycheck deposits and the like. Such identification allows for the present invention, to identify future needs for funds currently existing in an account, such as a checking account/DDA or the like.
At Event 506, the volume or amount of resources for re-allocation are logically determined based on at least one of the historical resource utilization and/or the future planned/scheduled resource utilization. In specific embodiments of the invention, the determination may include other factors. Moreover, the determined volume/amount may indicate a surplus or a deficit in a resource, which in turn, affects which direction the re-allocation occurs (i.e., from the lower yield account to the prospectively higher yield account or vice versa). According to specific embodiments of the invention, the amount of funds/assets to be transferred from one financial account/vehicle to another financial account/vehicle are determined based on at least one of user's financial transaction history and/or the user's future scheduled financial transactions.
At Event 508, in response to determining the volume/amount of resources to re-allocate, the determined volume/amount of resources are automatically re-allocated. In specific embodiments of the invention, such re-allocation entails automatically transferring funds/assets of the determined amount from a lower yield financial account, such as a checking account/DDA or the like to a prospective higher yield account, such as an investment account/vehicle or the like, or alternatively, automatically transferring funds/assets of the determined amount from a prospective higher yield account, such as an investment account/vehicle or the like to a lower yield financial account, such as a checking account/DDA or the like.
Thus, systems, apparatus, methods, and computer program products described above provide for automated resource re-allocation based on monitoring/assessing resource utilization. In specific embodiments of the invention, past/historical resource utilization is monitored and/or future/scheduled resource utilization is assessed to logically and intelligently determine the volume or amount resources available for automatic re-allocation. In other embodiments of the invention, performance of the resource is evaluated/determined to logically and intelligently determine the timing associated with the automatic re-allocation.
While certain exemplary embodiments have been described and shown in the accompanying drawings, it is to be understood that such embodiments are merely illustrative of and not restrictive on the broad invention, and that this invention not be limited to the specific constructions and arrangements shown and described, since various other changes, combinations, omissions, modifications and substitutions, in addition to those set forth in the above paragraphs, are possible.
Those skilled in the art may appreciate that various adaptations and modifications of the just described embodiments can be configured without departing from the scope and spirit of the invention. Therefore, it is to be understood that, within the scope of the appended claims, the invention may be practiced other than as specifically described herein.
