MUMBAI, India, May 29 -- Intellectual Property India has published a patent application (202641064556 A) filed by Vellore Institute Of Technology, Vellore, Tamil Nadu, on May 21, for 'a system and method for personal expense tracking using natural language processing.'
Inventor(s) include S Prasanna Venkatesh; Tarun Vijayanand; Sai Karthik Ganji; and Dr. G Jagadeesh.
The application for the patent was published on May 29, under issue no. 22/2026.
According to the abstract released by the Intellectual Property India: "The present invention relates to a system (100) and method (200) for automated financial management and modular financial analytics. The system (100) comprises at least one processor (102) and a memory unit (104) storing executable instructions, along with a user input interface (106) configured to receive natural language and voice inputs. A natural language processing unit (112) processes the inputs to extract structured financial parameters including expense amount, category, and description. An expense data management unit (114) validates and stores the structured expense records in a data storage (116). A budget report generation unit (118) computes real-time expenditure and generates reports and alerts, while a gamification unit (120) provides reward points and badges based on user financial activity. An investment portfolio unit (122) enables simulated financial operations. The system is configured to process user-provided financial inputs, generate structured expense records, perform real-time expenditure monitoring, provide analytical outputs and behavioural feedback."
Disclaimer: Curated by HT Syndication.
