MUMBAI, India, Jan. 2 -- Intellectual Property India has published a patent application (202541124933 A) filed by Vardhaman College Of Engineering, Ranga Reddy, Telangana, on Dec. 10, 2025, for 'secure multi-party computation engine for financial transactions.'
Inventor(s) include Mr. G Ravi Kumar; Mr. G E Agrawal; Dr. Janapati Krishna Chaithanya; Dr. Boppidi Srikanth; Dr. Vemula Harini; and Ms. Shaikh Sumaiya.
The application for the patent was published on Jan. 2, under issue no. 01/2026.
According to the abstract released by the Intellectual Property India: "Secure Multi-Party Computation Engine for Financial Transactions is the proposed invention. The Secure Multi-Party Computation (SMPC) Engine for Financial Transactions is an advanced framework designed to enable multiple financial institutions to collaboratively perform computations on sensitive data without exposing individual inputs. Utilizing cryptographic techniques such as secret sharing, homomorphic encryption, and garbled circuits, the system ensures that raw financial data remains confidential while allowing accurate joint computation of metrics like risk assessments, fraud detection scores, and aggregate financial reports. With built-in auditing, logging, and fault-tolerance mechanisms, the SMPC engine ensures regulatory compliance, accountability, and resilience against failures or malicious behavior."
Disclaimer: Curated by HT Syndication.
