US Patent Issued to Morgan Stanley Services Group on April 21 for "Real-time financial sweeps management system and method" (American, British, Indian Inventors)

ALEXANDRIA, Va., April 21 -- United States Patent no. 12,608,748, issued on April 21, was assigned to Morgan Stanley Services Group Inc. (New York).

"Real-time financial sweeps management system and method" was invented by Prakash Venkataraman (Princeton, N.J.), Arjun Sabharwal (New York), Sven Gauggel (Wiltshire, Great Britain), Vaibhav Pendse (Jersey City, N.J.), Shrushti Parikh (Arlington, Va.), Josh Matthews (Northvale, N.J.) and Mohan Jha (Pune, India).

According to the abstract* released by the U.S. Patent & Trademark Office: "A system and method are configured to perform real-time financial sweeps management. The system includes a processor, a memory, and a set of modules including a sweeps processing module, a sweeps allocation mo...