MUMBAI, India, May 1 -- Intellectual Property India has published a patent application (202641051776 A) filed by MLR Institute of Technology, Hyderabad, Telangana, on April 23, for 'system and method for ai-driven creditworthiness assessment of new-to-credit borrowers using alternative financial and behavioral data.'
Inventor(s) include Ms. K. Nagamani; Ms. Banothu Jamuna; Mr. Rajavarapu VL Ganapathi Sathvik; and Mr. Pandi Srikanth.
The application for the patent was published on May 1, under issue no. 18/2026.
According to the abstract released by the Intellectual Property India: "In this invention, a system and method for AI-driven creditworthiness assessment of new-to-credit borrowers is disclosed, utilizing alternative financial and behavioral data to enable accurate and inclusive lending decisions. The system collects diverse data sources including transaction records, utility payments, mobile usage patterns, and digital behavioral indicators, which are processed through preprocessing and feature engineering modules to ensure data quality and consistency. A machine learning module analyzes the extracted features using advanced predictive models to identify patterns and evaluate repayment capability, generating a comprehensive credit score and risk profile. The platform supports real-time assessment and provides interpretable insights to lenders for informed decision-making. Additionally, the system incorporates continuous learning mechanisms to update models based on new data, thereby improving prediction accuracy over time. By leveraging alternative data and intelligent analytics, the invention enhances financial inclusion, reduces lending risk, and enables efficient credit evaluation for individuals lacking traditional credit history."
Disclaimer: Curated by HT Syndication.
