US Patent 11762988 Restricting access to transactions based on information requirements

Systems and methods for obtaining required information prior to initiation of a transaction are described herein. In an embodiment, a system stores entity data defining a plurality of entities and data record requirement data identifying one or more required data record fields for one or more transactions. The system receives a request to initiate a transaction from a first client computing device corresponding to an account of a first entity. The system subsequently receives a request to view or participate in the particular transaction from a second client computing device corresponding to an account of a second entity. The system determines that the second entity has not provided data for the one or more required data record fields and, in response, restricts the second client computing device from viewing or participating in the transaction until the second entity has provided the data for the one or more required data record fields.