MUMBAI, India, April 17 -- Intellectual Property India has published a patent application (202641043379 A) filed by Naveen Kumar T S; Dr. Rahul Dev; Mr. Kalpesh Sandhya Anand Gaikwad; Dr. Selby Jose; Ms. Deepmala Nimaichand Maity; Dr. Abhijeet Rawal; Ms. Sneha Mhatre; Nishmita Bhavesh Rana; Neha Ravikant Goshte; and Ms. Preksha Tiwari, Tumkur, Karnataka, on April 5, for 'digital payment-based consumer transaction analysis system for emerging economies.'
Inventor(s) include Naveen Kumar T S; Dr. Rahul Dev; Mr. Kalpesh Sandhya Anand Gaikwad; Dr. Selby Jose; Ms. Deepmala Nimaichand Maity; Dr. Abhijeet Rawal; Ms. Sneha Mhatre; Nishmita Bhavesh Rana; Neha Ravikant Goshte; and Ms. Preksha Tiwari.
The application for the patent was published on April 17, under issue no. 16/2026.
According to the abstract released by the Intellectual Property India: "The present invention relates to a digital payment-based consumer transaction analysis system designed to process and analyze transaction data generated from multiple digital payment platforms in emerging economies. The system integrates a data ingestion module for collecting transaction data, a normalization engine for standardizing heterogeneous data, and an analytics engine employing machine learning models to derive behavioral patterns, credit scores, and financial risk profiles. A behavioral intelligence module further evaluates micro-transactions and informal financial activities to infer financial stability and purchasing behavior. The system provides outputs through dashboards and APIs for use by financial institutions, government bodies, and businesses. It enhances financial inclusion, enables alternative credit assessment, supports fraud detection, and facilitates data-driven decision-making while ensuring data security, privacy, and scalability across diverse digital infrastructures."
Disclaimer: Curated by HT Syndication.
