MUMBAI, India, Aug. 17 -- Intellectual Property India has published a patent application (202641093023 A) filed by Chennai Institute Of Technology on July 31, 2026, for A Conversational Messaging-Integrated Artificial Intelligence System For Automated Expense Capture And Financial Record Structuring.
Inventors include Dr. E. Kodhai; Rajeswari. C; Vidhyalakhmi. P; Prabhu. M; Jayakaran P; and Charan Sathish Kumar.
The application for the patent was published on August 14, 2026, under issue no. 33/2026.
Abstract: The titled invention discloses a workflow-oriented conversational artificial intelligence (Al) system for automated financial data extraction and expense tracking comprises a user interaction layer (1) having a messaging interface (2) for receiving bank statements, invoices, natural language expense statements, and financial queries. A 10 transaction classification module (3) identifies the input type and routes it to a bank statement processing module (4), invoice processing module (5), transaction logging module (6), financial summaries module (7), or conversation module (8). A document ingestion module (9) employs computer vision and optical character recognition to extract text from financial documents, while an artificial intelligence processing engine 15 (10) applies natural language processing to identify transaction details including date, amount, merchant, and expense category. A workflow orchestration backbone (11) coordinates specialized workflows, and an automation processing layer (12) validates and standardizes the extracted information before storing it in a structured data store (13) as digital ledger entries. An analytics and response module (14) retrieves the 20 stored records to generate categorized financial summaries and real-time expense reports through the messaging interface (2).
Disclaimer: Curated by HT Syndication.
