MUMBAI, India, May 29 -- Intellectual Property India has published a patent application (202641063884 A) filed by Sr University, Warangal, Telangana, on May 20, for 'ai-driven adaptive financial trust and fraud prevention system for digital fintech ecosystems in india.'
Inventor(s) include Mamatha Gude; and Dr. Karra Aruna.
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 rapid growth of Artificial Intelligence (AI) in Financial Technology (FinTech) has significantly transformed digital financial services in India. The expansion of digital payment platforms, mobile wallets, UPI systems, AI-enabled lending applications, online investment platforms, digital insurance systems, peer-to-peer financial ecosystems, and decentralized financial services has increased accessibility, speed, convenience, and financial inclusion. However, the accelerated adoption of AI-driven FinTech systems has simultaneously introduced critical challenges related to digital trust, financial fraud, cybersecurity threats, identity theft, transaction manipulation, algorithmic bias, behavioral exploitation, unauthorized financial access, and dynamic cyber-financial attacks. The post-pandemic digital acceleration further intensified dependency on FinTech services due to increased remote transactions, contactless payments, virtual banking, AI-based customer support systems, and online financial interactions. As digital financial ecosystems expanded rapidly across urban, semi-urban, and rural regions, existing fraud detection and financial trust management systems became inadequate in handling adaptive cyber threats, AI-generated fraud patterns, synthetic identity attacks, behavioral manipulation techniques, and intelligent financial crimes."
Disclaimer: Curated by HT Syndication.
