MUMBAI, India, Aug. 10 -- Intellectual Property India has published a patent application (202411104317 A) filed by Lingaya'S Vidyapeeth on December 30, 2024, for Method For Managing Online Banking Transactions.
Inventors include Avinash Kumar Namdeo; Dr. Chinnaiyan Ramasubramanian; Mr. Bhavik Kuchipudi; Mr. Viraj Gadde; Dr Salla Prabhakara; Dr S Koteswara Rao; Dr Vakkapatla Kiranbabu; Dr. Jyoti Dahia; Dr. Shikha Gupta; Dr. Anjali Bharadwaj; Dr. Sachin Kumar; Mr. Gurbinder Singh; Dr. Pratibha Saini; Dr. Shweta Gaur; and Mr. Sandeep Kumar.
The application for the patent was published on July 31, 2026, under issue no. 31/2026.
Abstract: ABSTRACT METHOD FOR MANAGING ONLINE BANKING TRANSACTIONS A method (100) for managing online banking transactions. Further, the method comprising receiving and authenticating a transaction request from a user through an online banking interface using advanced security protocols. Further, the method (100) comprising the steps of processing the transaction in real-time with a secure engine that utilizes blockchain technology for immutable record-keeping. Further, the method (100) comprising the steps of employing artificial intelligence for fraud detection and risk assessment during the transaction. Further, the method (100) comprising the steps of notifying the user of the transaction status and providing access to transaction history through an intuitive user interface. FIG. 1
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