- Patent Title: Apparatuses and methods for calculating foreign exchange advantages
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Application No.: US18112394Application Date: 2023-02-21
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Publication No.: US11861598B2Publication Date: 2024-01-02
- Inventor: Damon Magnuski , Matthew Henkler , Kevin Minard , Andrew Dillard
- Applicant: Acceleron Bank, Inc.
- Applicant Address: US MA Charlestown
- Assignee: Acceleron Bank, Inc.
- Current Assignee: Acceleron Bank, Inc.
- Current Assignee Address: US MA Charlestown
- Agency: Caldwell Intellectual Property Law
- Main IPC: G06Q20/38
- IPC: G06Q20/38

Abstract:
An apparatus and method for calculating foreign exchange advantages, the apparatus includes at least a processor and a memory containing instructions configuring the at least a processor to acquire action data from an entity, wherein an element of the action data includes at least a plurality of originators and at least a plurality of receivers, process the action data, wherein processing the action data includes classifying a plurality of action data elements to at least an originator of the plurality of originators and a receiver of the plurality of receivers and classifying the action data against a data store including at least a foreign exchange rate, generate a conversion record as a function of the processed action data, and output the conversion record to a third-party computing device.
Public/Granted literature
- US20230267453A1 APPARATUSES AND METHODS FOR CALCULATING FOREIGN EXCHANGE ADVANTAGES Public/Granted day:2023-08-24
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