MUMBAI, India, Nov. 2 -- Intellectual Property India has published a patent application (202611109036 A) filed by Manipal University Jaipur on September 10, 2026, for A System For Detecting Financial Fraud Based On Dual Convex Information Measures.
Inventors include Dr. Ram Naresh Saraswat; and Nidhi Sharma.
The application for the patent was published on October 30, 2026, under issue no. 44/2026.
Abstract: The present invention relates to a system for detecting financial fraud based on dual convex information measures. The system employs a Dual Convex Information Measure that integrates two convex information functions within a unified mathematical framework to analyze the financial fraud and enhances the discrimination between legitimate and suspicious transactions, enabling more accurate, robust, and reliable fraud detection while reducing false alarms and improving decision-making efficiency. Unlike conventional divergence or entropy-based methods that rely on a single information measure, the proposed approach captures complementary characteristics of transaction data, providing enhanced sensitivity to subtle fraudulent patterns while maintaining robustness against normal transaction variations. The invention offers a tunable and theoretically grounded mechanism for distinguishing legitimate and fraudulent activities, leading to improved detection accuracy, reduced false-positive rates, and better adaptability to evolving fraud scenarios across diverse financial systems and digital payment platforms.
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