MUMBAI, India, July 7 -- Intellectual Property India has published a patent application (202641076781 A) filed by Sns College Of Technology on June 21, 2026, for Ai-Powered Personal Finance And Budgeting System.
Inventors include Dr. M. Siva Ramkumar; Ashika N; Dhanuja G K; Gokul E; Dr. Husna Khouser G; and Mrs. B. Sajitha.
The application for the patent was published on July 03, 2026, under issue no. 27/2026.
Abstract: The present invention relates to an intelligent personal finance management system and associated method integrating real-time transaction tracking, predictive budgeting, financial forecasting, and an AI-powered conversational assistant within a unified digital platform. The system is configured to collect and process financial transaction data from multiple sources, categorize expenses using machine learning classification models, and continuously analyze user spending behavior to generate meaningful financial insights. The invention incorporates predictive algorithms that forecast short-term and long-term spending patterns based on historical transaction data, recurring payment trends, income cycles, and behavioral signals. A dynamic budgeting engine automatically adjusts recommended spending limits, savings targets, and allocation strategies according to user income variability, expenditure habits, and financial goals. The system further includes anomaly detection mechanisms that identify irregular or potentially risky financial activities, including sudden spending spikes, duplicate transactions, or deviations from normal behavior patterns. An AI-powered conversational assistant interacts with users through natural language processing, providing contextual financial advice, personalized recommendations, budget alerts, savings strategies, and scenario-based forecasting to support informed decision-making. The assistant adapts over time by learning from user interactions and financial patterns, thereby enhancing recommendation accuracy and personalization.
Disclaimer: Curated by HT Syndication.
