MUMBAI, India, May 29 -- Intellectual Property India has published a patent application (202641063931 A) filed by Dr. Sns Rajalakshmi College Of Arts And Science, Coimbatore, Tamil Nadu, on May 20, for 'ai-based system and method for credit assessment, financial behavior analysis, and loan processing using intelligent workflow and risk evaluation.'
Inventor(s) include Niranjan S P; Akhil Krishnan K; Richard A T; Visrutha V B; and Bhuvaneswari M.
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 an AI-based system and method for automated credit assessment, financial behavior analysis, and loan processing. The system enables users to submit financial details and upload supporting documents through a web-based platform. The submitted data, including income, expenses, transaction records, and financial documents, is analyzed using machine learning and artificial intelligence techniques to generate a credit score, repayment probability, and risk classification. The invention also provides personalized financial improvement suggestions to users based on their financial behavior. In addition, the system includes a secure role-based workflow for financial institutions, enabling loan officers, credit analysts, credit managers, and branch managers to process applications in a structured and controlled manner. The invention improves transparency, efficiency, scalability, and fairness in credit evaluation while reducing manual effort and enhancing decision-making in financial systems."
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