MUMBAI, India, May 29 -- Intellectual Property India has published a patent application (202641063608 A) filed by Vel Tech Rangarajan Dr. Sagunthala R&D Institute Of Science and Technology, Chennai, Tamil Nadu, on May 20, for 'an adaptive multi-modal coin authentication and intelligent smart savings system.'
Inventor(s) include Dr. D. Preethi; Dr. V. Prithivirajan; G. Hari Krishna; L. Muralidhar Reddy; A. Hemasagar; and Anbu Selvan P R.
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 discloses an adaptive multi-modal coin authentication and intelligent smart savings system integrating embedded sensing technologies, edge-intelligence processing, and IoT-enabled financial monitoring for automated denomination identification and counterfeit detection. The system comprises an infrared sensing unit, a weight sensing module, an optical sensing module, a magnetic characterization module, and an acoustic response analysis module operatively connected to a processing unit configured to perform sensor fusion-based authentication of inserted coins. The processing unit utilizes adaptive calibration and edge-intelligence algorithms to compensate for sensor drift, environmental variations, and measurement inconsistencies while improving denomination classification accuracy. The authenticated savings data is transmitted through a wireless communication module to a cloud-connected monitoring platform for real-time savings tracking. The system incorporates hybrid offline-cloud synchronization and intelligent behavioral analytics for adaptive financial engagement and savings management. The invention provides an intelligent smart savings platform suitable for financial literacy and consumer financial management applications."
Disclaimer: Curated by HT Syndication.
