MUMBAI, India, Feb. 13 -- Intellectual Property India has published a patent application (202641007412 A) filed by Vishal Reddy Namireddy, Vishal Reddy Namireddy, Miryalaguda, Telangana, on Jan. 26, for 'method and system the intersection of fintech and cybersecurity: challenges and opportunities in the digital age.'
Inventor(s) include Vishal Reddy Namireddy.
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 relates to an adaptive AI-driven cybersecurity system for Fintech transactions, addressing key challenges in the digital age where financial technologies face escalating cyber threats. The system integrates artificial intelligence for real-time anomaly detection, dynamic multi-factor authentication, and blockchain for secure logging, providing a comprehensive solution that enhances security without compromising transaction efficiency. In operation, transaction data from user devices is processed through machine learning models that analyze behavioral patterns, network traffic, and contextual factors to compute a risk score. High-risk scenarios trigger adaptive MFA, incorporating biometrics and one-time challenges, while all events are recorded immutably on a blockchain ledger for auditing and compliance. Edge computing ensures sub-second responses, making it suitable for high-volume Fintech applications like mobile banking and cryptocurrency exchanges. Novel aspects include the proprietary risk scoring algorithm that dynamically adjusts security protocols, reducing fraud by up to 40% in case studies and minimizing false positives through contextual intelligence. This invention satisfies patentability requirements by offering a technical advancement with hardware-software integration, demonstrating utility in preventing data breaches and financial losses. Commercially, it enables Fintech providers to offer premium security services via API integrations, fostering opportunities in the growing digital economy. By mitigating risks such as phishing and ransomware, the system promotes trust and innovation, aligning with regulatory standards and supporting sustainable Fintech growth."
Disclaimer: Curated by HT Syndication.
