MUMBAI, India, Jan. 2 -- Intellectual Property India has published a patent application (202541122204 A) filed by Vellore Institute Of Technology, Vellore, Tamil Nadu, on Dec. 4, 2025, for 'multi-agent transformer system for automated loan approval and fraud detection.'
Inventor(s) include Dr. Narayana Moorthi. M; Mr. Shriraj Dilip Thakare; and Mr. Atharva Mahesh Khandagale.
The application for the patent was published on Jan. 2, under issue no. 01/2026.
According to the abstract released by the Intellectual Property India: "The present disclosure provides a multi-agent system for automated loan approval and fraud detection. The system includes specialized AI agents configured to analyze different aspects of applicant data, a data ingestion layer configured to receive applicant data from multiple sources including traditional financial records and alternative data sources comprising SMS communications and mobile application usage patterns, a loan decision agent configured to synthesize outputs from the specialized AI agents to generate loan approval or denial decisions, and an explainable AI component configured to generate explanations for loan decisions. The specialized AI agents include an SMS Analyst Agent, App Usage Analyst Agent, and Credit Report Analyst Agent that operate in parallel to process different data streams. The Loan Decision Agent receives analytical outputs from specialized agents and applies fusion algorithms to generate loan decisions with human-readable explanations for regulatory compliance."
Disclaimer: Curated by HT Syndication.
