MUMBAI, India, July 24 -- Intellectual Property India has published a patent application (202611065319 A) filed by Noida Institute Of Engineering & Technology on May 23, 2026, for A Financial Risk Assessment Management Device For Organizations.
Inventors include Dr. Manisha Seth; and Dr. Shishma Kushwaha.
The application for the patent was published on July 17, 2026, under issue no. 29/2026.
Abstract: A financial risk assessment management device for organizations is disclosed. The device includes a data ingestion interface, normalization engine, policy repository, risk scoring processor, exception classifier, audit trail generator, role-based presentation module, and alert communication unit. Financial records from organizational systems are normalized, evaluated against configurable policies, scored according to weighted risk factors, classified into review categories, and presented to authorized users with traceable explanations. Alerts, review actions, reassessment records, and audit evidence support timely and accountable management of organizational financial exposure.
Disclaimer: Curated by HT Syndication.
