MUMBAI, India, Feb. 13 -- Intellectual Property India has published a patent application (202641007575 A) filed by Dr. Bazani Shaik; Dr. Ajay Kumar Varshney; Dr R Suyam Praba; Priyadharshini. Sp; Dr. Nilesh Ramdas Kharche; Anthony Savio Herminio Da Piedade Fernandes; and Dr. Monalisa Hati, Eluru, Andhra Pradesh, on Jan. 27, for 'navigating the future: a cognitive framework for ai, digital transformation, and cyber security in banking.'
Inventor(s) include Dr. Bazani Shaik; Dr. Ajay Kumar Varshney; Dr R Suyam Praba; Priyadharshini. Sp; Dr. Nilesh Ramdas Kharche; Anthony Savio Herminio Da Piedade Fernandes; and Dr. Monalisa Hati.
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 the development of a rapid development and usage of artificial intelligence, digital technologies, and cyber threats shape the contours of the global banking landscape. The paper therefore presents a cognitive framework that merges AI-driven analytics, end-to-end digital transformation, and adaptive cybersecurity to foster resilient, intelligent, and customer-centric banking systems. The framework uses machine learning, knowledge graphs, and cognitive automation for decision-making improvement in areas such as risk management, fraud detection, personalized services, and operational efficiency. At the same time, it embeds principles of security-by-design, zero-trust architecture, and continuous threat intelligence with an intention to reduce emerging cyber risks emanating from open banking, cloud platforms, and data-driven ecosystems. By aligning the technological capability with regulatory compliance, ethical AI, and organizational culture, the proposed approach allows banks to navigate this complex environment while upholding trust and stability. The paper focuses on the architectural components, various strategic approaches for implementation, and expected benefits of offering a strategic roadmap for the balance between innovation and security in increasingly digital and interconnected future banking environments worldwide."
Disclaimer: Curated by HT Syndication.
