MUMBAI, India, July 7 -- Intellectual Property India has published a patent application (202641076817 A) filed by Sns College Of Technology on June 22, 2026, for Budget Bee – Ai-Powered Personal Finance Assistant.
Inventors include Dr. M. Siva Ramkumar; Sri Gowtham M; Supriya S; Sutantu M; Mrs. B. Sajitha; and Dr. Husna Khouser G.
The application for the patent was published on July 03, 2026, under issue no. 27/2026.
Abstract: The present invention relates to an AI-based personal finance management system, Budget Bee, designed to improve the efficiency and accuracy of expense tracking and financial planning. With the increasing use of digital transactions such as UPI, online banking, and mobile wallets, managing financial data manually has become complex and error-prone. The proposed system addresses this challenge by integrating automated data collection, intelligent categorization, predictive analytics, and fraud detection into a unified platform. It collects transaction data from multiple sources including manual input, SMS parsing, and webhook integrations, ensuring minimal user effort. Using natural language processing, the system analyzes transaction details and classifies them into relevant categories with high accuracy. Additionally, machine learning techniques such as linear regression are applied to predict future expenses based on past spending patterns, enabling better financial planning. A statistical anomaly detection mechanism is used to identify suspicious transactions and alert users in real time. The system also provides an interactive dashboard with visual insights, helping users understand and manage their finances effectively. Secure authentication and encrypted storage ensure data protection, while the modular architecture supports scalability and future enhancements. Overall, Budget Bee offers a smart, secure, and user- friendly solution for modern expense management and financial decision-making.
Disclaimer: Curated by HT Syndication.
