MUMBAI, India, June 22 -- Intellectual Property India has published a patent application (202631067888 A) filed by Narula Institute Of Technology on May 30, 2026, for “an Ai-Powered Personal Finance Assistant For Smart Money Management (finwise Ai)”.
Inventors include Sharmistha Basu; Sudhangshu Sarkar; Debasmita Sen; Neha; Subhamita Ghosh; Sanyukta Ghosh; Diljeet Singh; and Atulya Raj Sinha.
The application for the patent was published on June 12, 2026, under issue no. 24/2026.
Abstract: “AN AI-POWERED PERSONAL FINANCE ASSISTANT FOR SMART MONEY MANAGEMENT (FINWISE AI)” ABSTRACT An AI-powered personal finance assistant (FinWise AI) that integrates automated transaction categorisation, personalised budget analytics, a composite Financial Health Score, real-time contextual alerts and a conversational AI chatbot to provide continuous, adaptive financial guidance. The system ingests transaction and profile data, classifies transactions via a trained ML model, computes budgets and health scores, tracks progress toward user-defined savings goals, and issues proactive notifications to prevent overspending, thereby helping users develop disciplined financial habits and reach savings milestones. (FIG. 1)
Disclaimer: Curated by HT Syndication.
