MUMBAI, India, Feb. 13 -- Intellectual Property India has published a patent application (202521133168 A) filed by Ms. Swati Suchak; Mr. Jash Barbhaya; Mr. Arpit Damani; Mr. Parth Jagad; Mr. Mubeen Abdul Shaikh; Ms. Shilpa Kalantri; Ms. Prachi Wagde; Dr. Madhuri Jadhav; Mr. Manoj Dhande; and Mr. Aryaan Gala, Maharashtra, on Dec. 29, 2025, for 'financial tracking and managing system and method.'
Inventor(s) include Ms. Swati Suchak; Mr. Jash Barbhaya; Mr. Arpit Damani; Mr. Parth Jagad; Mr. Mubeen Abdul Shaikh; Ms. Shilpa Kalantri; Ms. Prachi Wagde; Dr. Madhuri Jadhav; Mr. Manoj Dhande; and Mr. Aryaan Gala.
The application for the patent was published on Feb. 13, under issue no. 07/2026.
According to the abstract released by the Intellectual Property India: "The present invention discloses a financial tracking and managing system (100) and method. The system (100) comprises a data collecting unit (102) for acquiring user profile information, financial account details, transaction records, and budget data, and an authentication unit (104) for secure user registration and verification. A transaction acquisition unit (106) receives financial transaction data either through a user inputting unit (106a), which captures transaction parameters such as date, amount, category, payment mode, and notes directly from the user, or through an automated bill scanning unit (106b), which processes uploaded bill images using compression and optical character recognition to extract and map merchant, date, items, total amount, tax, and currency into structured records. A budget monitoring unit (108) tracks expenditures against predefined limits, while an alerting unit (110) issues threshold-based notifications. A visualization and reporting unit (112) generates graphical insights and periodic reports for income, expenses, and savings trends."
Disclaimer: Curated by HT Syndication.
