Patents by Inventor Lawrence Charles Drake

Lawrence Charles Drake has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).

  • Publication number: 20230376960
    Abstract: A method for generating postings may include a posting generation service (PGS) computer application executed by an electronic device: (1) receiving an instruction from a source system that requires generation and/or processing of account movements; (2) identifying a transaction type for the instruction; (3) retrieving a profile out of a plurality of profiles based on the transaction type, wherein the profile specifies one or more checks to be performed on the instruction; (4) retrieving rules associated with the profile; (5) generating postings for the transaction based the rules; (6) executing, by the PGS computer application, the one or more checks specified by the retrieved profile comprising a sanctions screening check, a fraud check, a fund check, a posting check, and an outgoing financial message check; and (7) generating an acknowledgement for the source system.
    Type: Application
    Filed: May 23, 2022
    Publication date: November 23, 2023
    Inventors: Vaibhav VYAS, Madhu BANGALORE, Lawrence Charles DRAKE, Sanjay NAGPAL, Soniya GANDHI
  • Publication number: 20230359386
    Abstract: A method may include: receiving, at a computer program in a distributed data processing system, a subscription request from a subscriber to receive processed data from the distributed data processing system comprising a plurality of nodes; receiving, by a receiving node of the plurality of nodes, information about data to be processed from one or more data source; determining, by the receiving node, a number of worker nodes needed to process the data based on the information about the data; breaking, by the receiving node, the data into plurality of data chunks based on the number of worker nodes; distributing, by the receiving node, the data chunks to the worker nodes; processing, by the worker nodes, the data chunks; receiving, by a gathering node of the plurality of nodes, the processed data; and distributing, by the gathering node, the processed data to the subscriber.
    Type: Application
    Filed: May 5, 2022
    Publication date: November 9, 2023
    Inventors: Arnab SAHA, Madhu BANGALORE, Lawrence Charles DRAKE, Mahendrasinh YADAV, Max KENNY
  • Publication number: 20230186302
    Abstract: Distributed ledger cores are disclosed.
    Type: Application
    Filed: February 9, 2023
    Publication date: June 15, 2023
    Inventors: Michael BELLAMY, Lawrence Charles DRAKE, Debidutta Pruthibiraj SAMANTARAY, Raunak RAJPURIA, Naveen MALLELA, Samer FALAH, Sai Murali Krishna VALIVETI
  • Publication number: 20230169584
    Abstract: A method for structure management may include a structure management computer program: (1) establishing a structure for a plurality of elements within an organization, each element associated with a summary account, wherein the structure identifies a hierarchical relationship among the plurality of summary accounts and a plurality of activity accounts; (2) receiving, from a user interface for a user, a query comprising a query element; (3) identifying one of the plurality of summary accounts in the structure that matches the query element; (4) retrieving an identification of a subset of the activity accounts that are associated with the identified summary account from the structure; (5) querying a distributed ledger for activity account data for the subset of the activity accounts; and (6) returning the activity account data to the user interface.
    Type: Application
    Filed: December 1, 2022
    Publication date: June 1, 2023
    Inventors: Naveen MALLELA, Lawrence Charles DRAKE, Michael BELLAMY
  • Patent number: 11615413
    Abstract: Distributed ledger cores are disclosed.
    Type: Grant
    Filed: August 30, 2021
    Date of Patent: March 28, 2023
    Assignee: JPMORGAN CHASE BANK, N.A.
    Inventors: Michael Bellamy, Lawrence Charles Drake, Debidutta Pruthibiraj Samantaray, Raunak Rajpuria, Naveen Mallela, Samer Falah, Sai Murali Krishna Valiveti
  • Publication number: 20220067728
    Abstract: A method for transaction processing using a ledger interoperability service in a blockchain-based distributed ledger system may include a ledger interoperability service: receiving a pending transaction request for a transaction from a distributed banking ledger; validating the pending transaction request; enriching the validated pending transaction; sending the enriched and validated pending transaction to a posting generation service, wherein the posting generation service creates a posting for the enriched and validated pending transaction request and a posting execution service posts a message including the posting to the ledger interoperability service; encrypting and providing the encrypted message to the distributed banking ledger; receiving an encrypted response message from the distributed banking ledger; decrypting and passing the encrypted response message to the posting execution service, wherein the posting execution service provides the posting, a transaction level status, and/or a posting level
    Type: Application
    Filed: August 30, 2021
    Publication date: March 3, 2022
    Inventors: Michael BELLAMY, Lawrence Charles DRAKE, Debidutta Pruthibiraj SAMANTARAY, Raunak RAJPURIA, Naveen MALLELA, Akshika GUPTA
  • Publication number: 20220067718
    Abstract: Distributed ledger cores are disclosed.
    Type: Application
    Filed: August 30, 2021
    Publication date: March 3, 2022
    Inventors: Michael BELLAMY, Lawrence Charles DRAKE, Debidutta Pruthibiraj SAMANTARAY, Raunak RAJPURIA, Naveen MALLELA, Samer FALAH, Sai Murali Krishna VALIVETI
  • Patent number: 11037142
    Abstract: Systems and methods for the application of distributed ledgers for network payments as financial exchange settlement and reconciliation are disclosed. In one embodiment, a method for processing network payments using a distributed ledger may include: (1) a payment originator initiating a payment instruction to a payment beneficiary; (2) a payment originator bank posting and committing the payment instruction to a distributed ledger on a peer-to-peer network; (3) the payment beneficiary bank posting and committing the payment instruction to the distributed ledger on a peer-to-peer network; and (4) the payment originator bank validating and processing the payment through a payment originator bank internal system and debiting an originator account.
    Type: Grant
    Filed: October 30, 2017
    Date of Patent: June 15, 2021
    Assignee: JPMORGAN CHASE BANK, N.A.
    Inventors: Jonathan C. Hallam, Naveen Mallela, Gavin Lonsdale, Lawrence Charles Drake, Sai Murali Krishna Valiveti, Elizabeth Polanco Aquino, David Voell, Suresh Shetty, Samer Falah, William J. Lee, Leticia Pui Sze Lim, Luciane Sant'Anna
  • Publication number: 20180121911
    Abstract: Systems and methods for the application of distributed ledgers for network payments as financial exchange settlement and reconciliation are disclosed. In one embodiment, a method for processing network payments using a distributed ledger may include: (1) a payment originator initiating a payment instruction to a payment beneficiary; (2) a payment originator bank posting and committing the payment instruction to a distributed ledger on a peer-to-peer network; (3) the payment beneficiary bank posting and committing the payment instruction to the distributed ledger on a peer-to-peer network; and (4) the payment originator bank validating and processing the payment through a payment originator bank internal system and debiting an originator account.
    Type: Application
    Filed: October 30, 2017
    Publication date: May 3, 2018
    Inventors: Jonathan C. Hallam, Naveen Mallela, Gavin Lonsdale, Lawrence Charles Drake, Sai Murali Krishna Valiveti, Elizabeth Polanco Aquino, David Voell, Suresh Shetty, Samer Falah, William J. Lee, Leticia Pui Sze Lim, Luciane Sant'Anna