MUMBAI, India, Aug. 17 -- Intellectual Property India has published a patent application (202641096353 A) filed by Narsimha Reddy Engineering College Nrcm on August 10, 2026, for System And Method For Ai-Based Cross-Modal Reconciliation And Predictive Budget Alerting Of Financial Expense Transactions.
Inventors include A. Vishwanth Anand Varma; A. Sneha Sree; Aman Singh; A. Shalini; B. Shravan Kumar; and Ch. Arun Kumar.
The application for the patent was published on August 14, 2026, under issue no. 33/2026.
Abstract: An artificial intelligence-based system and method for cross-modal reconciliation and predictive budget alerting of financial expense transactions is disclosed. A data ingestion module (110) receives a receipt image and a transaction notification text. An optical character recognition extraction module (112) and a transaction text parsing module (114) respectively extract a first and a second set of expense parameters therefrom. A reconciliation engine (116), comprising a fuzzy matching sub- engine (118), computes a similarity score based on merchant-name similarity, amount tolerance, and timestamp proximity, and merges matching records within a unified expense ledger database (122). A discrepancy detection module (120) flags billing mismatches. An adaptive categorisation engine (124) assigns expense categories using a personalised model retrained locally by a local model retraining module (128) based on user corrections received via a user correction feedback module (126), without transmitting data to a remote server. A spending velocity forecasting module (130) and budget threshold alert module (132) generate predictive alerts, displayed via a user interface module (134).
Disclaimer: Curated by HT Syndication.
