MUMBAI, India, Aug. 24 -- Intellectual Property India has published a patent application (202621081075 A) filed by State Bank Of India on July 01, 2026, for System And Method For Identifying Related Parties To Prevent Fund Diversion”.
Inventors include Supriya Das; and Jitesh Borkar.
The application for the patent was published on August 21, 2026, under issue no. 34/2026.
Abstract: ABSTRACT: System and Method for Identifying Related Parties to Prevent Fund Diversion Disclosed are a system and method for identifying related parties to prevent fund diversion. As shown in Fig. 1, the system (100) comprises a data extraction module (110), processing module (120), analysis module (130), matching module (140), decision module (150) and an alert generation module (160). The method comprises, extracting entity and individual data from one or more internal and external data sources, processing the extracted data to analyze and match entity names, individual names and associated attributes, generating multi-level relational graphs representing direct and indirect relationships among entities based on extracted data, identifying similarities in entity names, addresses, and transaction patterns using similarity matching techniques, evaluating the detected relationships against predefined thresholds to determine potential related-party transactions and generating and transmitting a red flag alert in real time to an early warning signal platform. Thus, the present invention enables early detection and proactive mitigation of fund diversion risks. FIG.1
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