MUMBAI, India, May 29 -- Intellectual Property India has published a patent application (202621038377 A) filed by Niravkumar K Patel, Ahmedabad, Gujarat, on March 28, for 'system and method for real-time fraud detection in transaction processing.'
Inventor(s) include Niravkumar K Patel.
The application for the patent was published on May 29, under issue no. 22/2026.
According to the abstract released by the Intellectual Property India: "System and Method for Real-Time Fraud Detection in Transaction Processing The present invention discloses a system and method for real-time fraud detection in transaction processing. The system (100) comprises an ingestion layer (102) receiving multi-channel transaction streams via secure gateway, a policy definition module (104) for Fraud Financial Modeling Language (FFML) policies, a policy processing engine (106) transforming FFML into executable StreamSQL queries, a policy validation engine (108) performing static analysis using dependency graphs and range structures to detect conflicts/cycles/overlaps, a stream processing engine (110) executing continuous queries with window functions and data joins, a behavioral profiling engine (112) computing deviation scores from adaptive baselines, a risk scoring engine (114) generating composite risk scores, an execution module (116) triggering graduated preventive actions, an audit module (118) for logging, and security components (120). The system provides sub-500ms fraud detection at millions of transactions per second scale with full auditability."
Disclaimer: Curated by HT Syndication.
