MUMBAI, India, Jan. 2 -- Intellectual Property India has published a patent application (202541123228 A) filed by Vellore Institute Of Technology, Vellore, Tamil Nadu, on Dec. 6, 2025, for 'ai-powered personal finance management platform with pan-based account aggregation.'
Inventor(s) include Dr. Satish C J; and Mr. Ritesh Kumar Singh.
The application for the patent was published on Jan. 2, under issue no. 01/2026.
According to the abstract released by the Intellectual Property India: "The present disclosure provides a computer-implemented method (100) for managing personal finances through PAN-based account aggregation. The method includes receiving (102) a Permanent Account Number (PAN) from a user, validating (104) the PAN against a database of registered accounts, and determining (106) validity. When valid, the method sends (108) a one-time password (OTP) to a registered mobile device, receives (112) the entered OTP, and verifies (114) correctness. Upon successful verification, the method automatically aggregates (116) financial data from multiple bank accounts linked to the PAN and provides unified access through a dashboard interface. The method further processes transaction data using artificial intelligence to categorize transactions, analyze spending patterns, detect anomalous transactions, generate fraud alerts, create personalized insights, and implement goal-based savings with gamified rewards."
Disclaimer: Curated by HT Syndication.
